7369 Bell RdPeoria, AZ 85382

Property Details for 7369 Bell Rd

Year built

1999

Construction

CONCRETE

Lot size

8.06 AC

Property size (Sq ft)

18,289 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

200-52-972

APU

20052972

Description

Arrowhead Palms, a 96,400 square foot retail strip center in Peoria, Arizona, presents a prime investment opportunity. Built in 1999, this multi-tenant property sits on a spacious 13.26-acre lot and is zoned C2. Currently, there are two available spaces, ranging from 1,890 to 4,037 square feet, totaling 22,115 square feet of vacant space. The center enjoys a highly desirable location, just one mile east of the Loop 101 freeway and directly across from the bustling Arrowhead Towne Center, ensuring high visibility and significant foot traffic. Excellent demographics and strong traffic counts make this an ideal location for a variety of retail businesses. The property boasts prominent building and monument signage opportunities, enhancing brand visibility. This well-maintained center offers a unique chance to establish or expand a business in a thriving commercial area within Maricopa County. The substantial lot size provides ample room for future expansion or development. The existing infrastructure and strategic location make this a compelling investment prospect for discerning buyers seeking a high-traffic, well-positioned retail property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,520,074

  6.5%

  $4,172,376

  7%

  $3,874,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,104,508

  Geo Method

  $7,104,508

• Alternative Use

  Use

  Valuation

  Residential

  $3,519,555

  Hospitality

  $3,223,894

  Educational

  $2,682,242

  Medical

  $2,774,488

  Retail

  $4,172,376

Location Insight

City

Peoria

County

Maricopa

State

Arizona

Latitude

33.6371

Longitude

-112.218

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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