201 24Th StYuma, AZ 85364
- Office buildings
- 960 SF
Property Details for 201 24Th St
- Year built
- 1962
- Construction
- CONCRETE
- Lot size
- 0.73 AC
- Property size (Sq ft)
- 960 SF
- Zone code
- B-2
- Property type
- Office buildings
- APN
- 695-03-019
- APU
- 69503019
Description
This exceptional commercial property, located at 201 W 24th Street in Yuma, Arizona, presents a compelling investment opportunity. The property is classified as general commercial and is offered at $999,900. While the precise square footage isn't currently specified, the property's location on West 24th Street offers significant visibility and accessibility, making it ideal for a variety of commercial uses. The lot size is listed as zero acres, suggesting the property may be a building on a smaller lot or a portion of a larger parcel. Further due diligence is recommended to ascertain the exact dimensions and zoning regulations. The property's strategic location within Yuma provides access to a robust local market and potential for strong rental income or owner-occupancy. Given the price point and the potential for diverse commercial applications, this property represents a significant opportunity for investors seeking a foothold in the dynamic Yuma commercial real estate market. Interested parties are encouraged to conduct thorough inspections and research to fully assess the property's suitability for their specific business needs and investment goals. The absence of square footage information underscores the need for independent verification before any purchase decision. This property is being sold "as is," and potential buyers should be prepared to conduct their own due diligence.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $190,103
- 6.5%
- $175,479
- 7%
- $162,945
-
Comparable approach
- Method
- Valuation
- Relative Method
- $157,918
- Geo Method
- $157,918
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $355,833
- Retail / Commercial
- $180,442
- Mixed-Use / Specialty
- $178,202
- Hospitality / Lodging
- $128,661
- Institutional / Educational
- $184,687
- Residential Income
- $216,084
- Multifamily
- $268,015
- Automotive / Energy
- $158,303
- Parking / Income-Based Land
- $56,206.70
- Restaurant / Food Service
- $89,275.10
- Healthcare / Senior Housing
- $184,381
Location Insight
- City
- Yuma
- County
- Yuma
- State
- Arizona
- Latitude
- 32.6835
- Longitude
- -114.622
- CBSA code
- 49740
- CBSA name
- YUMA, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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