15901 Northern AveLitchfield Park, AZ 85340

Property Details for 15901 Northern Ave

Year built

1983

Construction

STEEL FRAME

Lot size

2.63 AC

Property size (Sq ft)

1,800 SF

Zone code

RU-43

Property type

Office buildings

APN

501-49-007J

APU

50149007J

Description

This exceptional 2.62-acre commercial property, located at 15901 W Northern Ave in Litchfield Park, Arizona (zip code 85340, Maricopa County), presents a unique investment opportunity. Zoned C-2 by the City of Glendale, this parcel boasts a highly desirable location at the hard corner of Northern Avenue and Alsup Avenue, offering immediate access to the Loop 303 and Northern Parkway. The property's strategic positioning places it directly in the path of significant growth along Glendale Avenue. Existing improvements include approximately 1,800 square feet of office space and 1,520 square feet of warehouse space, providing potential for immediate use or redevelopment. Water and sewer services are readily available via street connections. The property's APN is 501-49-007J. This versatile land is suitable for a variety of commercial uses, including but not limited to auto shops and gas stations, making it an attractive prospect for both established businesses and new ventures. The asking price for this exceptional property is $2,250,000. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly developing area.

• CAP approach

  CAP return

  Valuation

  6%

  $488,741

  6.5%

  $451,146

  7%

  $418,921

• Comparable approach

  Method

  Valuation

  Relative Method

  $277,470

  Geo Method

  $277,470

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $874,686

  Retail / Commercial

  $451,180

  Mixed-Use / Specialty

  $451,657

  Hospitality / Lodging

  $334,081

  Institutional / Educational

  $470,286

  Residential Income

  $550,235

  Multifamily

  $648,363

  Automotive / Energy

  $403,103

  Parking / Income-Based Land

  $137,046

  Restaurant / Food Service

  $239,360

  Healthcare / Senior Housing

  $461,028

Location Insight

City

Litchfield Park

County

Maricopa

State

Arizona

Latitude

33.551

Longitude

-112.403

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].