111 Honeysuckle StLitchfield Park, AZ 85340

Property Details for 111 Honeysuckle St

Year built

1958

Lot size

2.32 AC

Property size (Sq ft)

10,559 SF

Property type

Strip malls

Property subtype

Neighborhood centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,867,230

  6.5%

  $2,646,670

  7%

  $2,457,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,692,780

  Geo Method

  $1,692,780

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,131,000

  Mixed-Use / Specialty

  $2,649,470

  Hospitality / Lodging

  $1,959,760

  Office

  $2,646,470

  Institutional / Educational

  $2,758,750

  Residential Income

  $3,227,740

  Multifamily

  $3,803,370

  Automotive / Energy

  $2,364,650

  Parking / Income-Based Land

  $803,926

  Restaurant / Food Service

  $1,404,110

  Healthcare / Senior Housing

  $2,704,440

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

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