985 20Th StYuma, AZ 85365

Property Details for 985 20Th St

Year built

2003

Construction

STEEL FRAME

Lot size

0.66 AC

Property size (Sq ft)

9,600 SF

Zone code

LI

Property type

Auto shops

APN

665-54-048

APU

66554048

Description

This exceptional 9,600-square-foot warehouse, situated on a substantial 28,875-acre lot in Yuma, Arizona, presents a compelling investment opportunity. The property boasts a pre-engineered metal building construction with durable metal building panels, ensuring longevity and low maintenance. Access is facilitated by four generously sized 16' x 12' roll-up doors, allowing for efficient loading and unloading of goods. Adding to its functionality is a recently installed shade canopy (approximately one year old), providing protection from the elements. The building also features a two-story office/mezzanine area, offering valuable administrative space. Utilities are provided by the City of Yuma for water, while a septic system handles sewer needs. The property is zoned for light industrial use, making it suitable for a variety of businesses. Electrical service is single-phase. Located at 985 E. 20th Street, Yuma, AZ 85365, this property offers significant potential for growth and profitability within a thriving industrial sector. The expansive lot size provides ample room for future expansion or additional development. This is a rare opportunity to acquire a well-maintained, strategically located industrial warehouse in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,954,830

  6.5%

  $1,804,460

  7%

  $1,675,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,642,350

  Geo Method

  $1,642,350

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,558,380

  Mixed-Use / Specialty

  $1,782,060

  Hospitality / Lodging

  $1,286,650

  Office

  $1,754,840

  Institutional / Educational

  $1,846,910

  Residential Income

  $2,160,890

  Multifamily

  $2,680,180

  Automotive / Energy

  $1,583,070

  Parking / Income-Based Land

  $562,074

  Restaurant / Food Service

  $892,781

  Healthcare / Senior Housing

  $1,843,840

Location Insight

City

Yuma

County

Yuma

State

Arizona

Latitude

32.691

Longitude

-114.611

CBSA code

49740

CBSA name

YUMA, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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