13875 83Rd AvePeoria, AZ 85381

Property Details for 13875 83Rd Ave

Year built

2007

Construction

STEEL FRAME

Lot size

2.15 AC

Property size (Sq ft)

8,525 SF

Zone code

PAD

Property type

Strip malls

Property subtype

Neighborhood centers

APN

200-63-590

APU

20063590

Description

Thunderbird Commons, a 2008-built retail strip center in Peoria, Arizona, offers a prime opportunity for businesses seeking a well-located space. This 18,478 square foot property, zoned PAD, is situated at 13875 North 83rd Avenue, 85381, in Maricopa County. Currently, there is one vacant suite totaling 1,424 square feet, previously occupied by a hair salon. This presents a unique chance to establish or relocate a business in a thriving area. The property's multiple tenancy structure provides a diverse and vibrant atmosphere, attracting a steady stream of customers. The building's modern design and convenient location within Peoria offer excellent visibility and accessibility. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. This is an exceptional opportunity to secure a retail space in a well-established center with ample parking and high foot traffic. The property's location in Maricopa County, Arizona, offers access to a large consumer base and strong economic growth. Serious inquiries are encouraged to explore this promising retail investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,046,307

  6.5%

  $1,888,899

  7%

  $1,753,977

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,311,604

  Geo Method

  $3,311,604

• Alternative Use

  Use

  Valuation

  Residential

  $1,593,357

  Hospitality

  $1,459,506

  Educational

  $1,214,292

  Medical

  $1,256,053

  Retail

  $1,888,899

Location Insight

City

Peoria

County

Maricopa

State

Arizona

Latitude

33.6106

Longitude

-112.237

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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