1401 Florida StHolbrook, AZ 86025

Property Details for 1401 Florida St

Year built

1971

Construction

CONCRETE

Lot size

0.45 AC

Property size (Sq ft)

4,121 SF

Zone code

MUNICIPAL

Property type

Healthcare properties

Property subtype

Medical offices

APN

109-03-083

APU

10903083

Description

This exceptional 4,121 square foot commercial building presents a remarkable investment opportunity in the heart of Holbrook, Arizona. Situated on a spacious 0.45-acre corner lot, the property boasts convenient access from two streets and offers ample parking, a significant advantage in a bustling downtown location. Previously utilized as a medical office, this adaptable space presents a multitude of possibilities for a diverse range of commercial ventures. Imagine transforming this substantial building into a thriving medical clinic, leveraging its existing infrastructure and prime location near Holbrook's schools. Alternatively, the property's size and layout could easily accommodate a variety of other commercial uses, or even be repurposed for residential living, subject to necessary approvals and zoning regulations. The building's substantial square footage provides ample room for expansion or subdivision, catering to a wide array of business needs. The strategic location in downtown Holbrook ensures high visibility and accessibility, attracting a steady stream of potential customers and clients. This property offers a unique blend of versatility, location, and size, making it an exceptional investment opportunity with significant upside potential. The expansive lot provides ample room for future development or expansion, further enhancing its long-term value. Don't miss this chance to acquire a prime commercial property in a growing Arizona town. Schedule a viewing today to explore the endless possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,087,250

  6.5%

  $1,003,615

  7%

  $931,928

• Comparable approach

  Method

  Valuation

  Relative Method

  $870,806

  Geo Method

  $870,806

• Alternative Use

  Use

  Valuation

  Residential

  $1,244,482

  Hospitality

  $1,139,939

  Educational

  $948,416

  Medical

  $981,034

  Retail

  $1,475,314

Location Insight

City

Holbrook

County

Navajo

State

Arizona

Latitude

34.9077

Longitude

-110.176

CBSA code

43320

CBSA name

SHOW LOW, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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