15405 99Th AveSun City, AZ 85351

Property Details for 15405 99Th Ave

Year built

1972

Construction

CONCRETE

Lot size

0.92 AC

Property size (Sq ft)

2,080 SF

Zone code

C-2

Property type

Healthcare properties

Property subtype

Medical offices

APN

200-60-003F

APU

20060003F

Description

This exceptional 6,250-square-foot medical office building presents a unique investment opportunity in the desirable Sun City submarket of Maricopa County. Situated on a 9.2-acre lot at the northeast corner of 99th Avenue and Greenway Road, this single-story building offers two available suites, with a minimum divisible space of 2,100 square feet and a maximum contiguous space of 6,250 square feet. Built in 1972, the property boasts ample parking with 43 spaces, including electric car charging stations for four vehicles. The building's C-2 zoning allows for a variety of medical uses. The entire 6,250 square feet is currently vacant, providing a blank canvas for a new tenant or the opportunity to lease the space in two separate suites. The property includes dedicated X-ray space, a significant advantage for medical practices. This prime location offers excellent visibility and accessibility, making it an ideal setting for a thriving medical practice. A special introductory rate of $22.00 per square foot, NNN, is available for the first year. Don't miss this chance to secure a well-located, versatile medical office building in a growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $498,324

  6.5%

  $459,992

  7%

  $427,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $320,632

  Geo Method

  $320,632

• Alternative Use

  Use

  Valuation

  Residential

  $570,390

  Hospitality

  $522,474

  Educational

  $434,692

  Medical

  $449,642

  Retail

  $676,188

Location Insight

City

Sun City

County

Maricopa

State

Arizona

Latitude

33.6226

Longitude

-112.269

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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