653 20Th StYuma, AZ 85365

Property Details for 653 20Th St

Year built

1970

Construction

STEEL FRAME

Lot size

4.35 AC

Property size (Sq ft)

31,200 SF

Zone code

LI

Property type

Warehouses

APN

665-53-033

APU

66553033

Description

This ±31,200 square foot industrial/office building, located at 653 E 20th Street in Yuma, Arizona, presents a compelling investment opportunity. Built in 1965, the property sits on approximately one acre of land and is zoned for Light Industrial use. The building's flexible layout allows for either single-tenant or multi-tenant occupancy, currently accommodating two short-term tenants. The property features a gated rear lot, providing added security and potential for expansion or outdoor storage. Its convenient location offers close access to Interstate 8 and Route 95, ensuring excellent accessibility for employees and clients. The sale of this property is subject to court approval. The Assessed Parcel Number (APN) is 124-46-011A. The property's zip code is 85365, and it is situated in Yuma County, Arizona. Further details regarding pricing are available upon request. This is a rare opportunity to acquire a well-located industrial/office building in a growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $12,528,500

  6.5%

  $11,564,800

  7%

  $10,738,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,211,750

  Geo Method

  $8,211,750

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,864,510

  Mixed-Use / Specialty

  $5,791,700

  Hospitality / Lodging

  $4,181,620

  Office

  $5,703,240

  Institutional / Educational

  $6,002,490

  Residential Income

  $7,022,910

  Multifamily

  $8,710,610

  Automotive / Energy

  $5,144,990

  Parking / Income-Based Land

  $1,826,750

  Restaurant / Food Service

  $2,901,550

  Healthcare / Senior Housing

  $5,992,500

Location Insight

City

Yuma

County

Yuma

State

Arizona

Latitude

32.6908

Longitude

-114.612

CBSA code

49740

CBSA name

YUMA, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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