2198 Pacific AveYuma, AZ 85365

  • Industrial properties
  • 10,000 SF
For Sale
$3,500,000 View listing

Property Details for 2198 Pacific Ave

Year built
1998
Construction
STEEL FRAME
Lot size
25.67 AC
Property size (Sq ft)
10,000 SF
Zone code
LI
Property type
Industrial properties
Property subtype
Refrigeration & cold storage
APN
665-55-006
APU
66555006

Description

Exceptional investment opportunity in Yuma, Arizona's South Park Industrial District. This Class A, multi-tenant industrial property encompasses 127,218 square feet on a 25.67-acre lot (APN 665-55-006), offering a diverse mix of warehouse, distribution, and refrigerated/cold storage space. Currently operating at 100% occupancy with established tenants, the property provides immediate cash flow. The property includes multiple office buildings and ample storage. Approximately 15 acres of land are available for future industrial development, presenting significant expansion potential. Strategically located on South Pacific Avenue, with convenient access to Interstate 8, this property benefits from proximity to Yuma Palms Regional Shopping Center, Gomez Plaza, and numerous hotels, restaurants, and retail establishments. The permitted zoning is Light Industrial. The asking price is $3,500,000, translating to $27.51 per square foot. This is an owner/user investment opportunity in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,999,850
    Hospitality
    $1,831,852
    Educational
    $1,524,080
    Medical
    $1,576,495
    Retail
    $2,370,790
2198 Pacific Ave, Yuma, Arizona

Location Insight

City
Yuma
County
Yuma
State
Arizona
Latitude
32.6886
Longitude
-114.605
CBSA code
49740
CBSA name
YUMA, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$38,517
$60,353
$310,785
$371,138
-
$641,750
$3,304,660
$3,946,410

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