111 Honeysuckle StLitchfield Park, AZ 85340

  • Retail properties
  • 10,559 SF
For Lease
$468/SF/YR View listing

Property Details for 111 Honeysuckle St

Year built
1958
Lot size
2.32 AC
Property size (Sq ft)
10,559 SF
Property type
Retail properties
Property subtype
Strip malls
APN
501-68-415A
APU
50168415A

Description

This exceptional single-tenant office space, located at 111 W Honeysuckle St in Litchfield Park, Arizona, presents a unique opportunity. Built in 1958, this traditional office building is situated in a vibrant commercial plaza in the heart of Old Town Litchfield Park, directly across Old Litchfield Rd from the renowned Wigwam Resort. The property boasts a convenient location with easy access and ample parking, making it highly attractive to businesses and employees alike. The zoning is C-N, allowing for a variety of commercial uses. The building itself is part of a family-friendly plaza that includes a mix of restaurants, retail shops, and other services, creating a bustling and convenient environment for tenants and their clients. The property's pet-friendly atmosphere adds to its appeal. This 1958-constructed building offers a blend of character and modern convenience, making it an ideal location for businesses seeking a prominent presence in a thriving community. The address is easily accessible from Old Litchfield Rd and Honeysuckle St, in Maricopa County, zip code 85340. This is a rare opportunity to secure a well-located office space in a desirable Arizona community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,718,679
    6.5%
    $3,432,627
    7%
    $3,187,439
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,101,728
    Geo Method
    $4,101,728
  • Alternative Use

    Use
    Valuation
    Residential
    $2,895,549
    Hospitality
    $2,652,308
    Educational
    $2,206,689
    Medical
    $2,282,580
    Retail
    $3,432,627
111 Honeysuckle St, Litchfield Park, Arizona

Location Insight

City
Litchfield Park
County
Maricopa
State
Arizona
Latitude
33.494
Longitude
-112.359
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,336
-
-
$725,112
-
$883,300
$3,511,318
$4,394,618

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