Downtown Storefront
For Sale
Contact for pricing
240 N Broad St, Globe, AZ 85501
Established occupancy and a recently renewed lease provide continuity for this commercial storefront.
Property SizeContact for details
Days on Market142
Property Features for 240 N Broad St
General Information
Standard status
Active
Property subtype
Retail, Office
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
Oak Realty
Listed By:
Eric DuFriend · License #AZ BR042270000
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 8:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oak Realty
Investment Insights
Based on property information with market context.
This commercial storefront is located in historic downtown Globe and has remained occupied by the same tenant since 2009. The tenant signed a new three-year lease at the beginning of January 2022 and pays all utilities. The property is reported at a cap rate exceeding 7%.
Recent capital work includes HVAC replacement in February 2021, roof maintenance in February 2018, a new awning cover in August 2019, and LED lighting upgrades at the front and rear of the building in February and November 2021, respectively.
Recent capital work includes HVAC replacement in February 2021, roof maintenance in February 2018, a new awning cover in August 2019, and LED lighting upgrades at the front and rear of the building in February and November 2021, respectively.
Key Highlights
- 240 N Broad St in historic downtown Globe
- Same tenant in place since 2009
- New 3‑year lease began in January 2022
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85501, AZ
12,473
Population
6,102
Households
2
Avg Household Size
44
Median Age
15%
College-Educated
88%
High-School Grad
549.7 sq mi
ZIP Area
23
Density / Sq Mi
$65,933
Median Household Income
$40,979
Median Earnings
$934
Median Rent
$166,400
Median Home Value
Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- Rainbow Flowers — 127 S Broad St, Globe, AZ 85501
- Anna's Petals — 610 N Broad St, Globe, AZ 85501
Frequently Asked Questions
What type of property is this?
Storefront property - Established occupancy and a recently renewed lease provide continuity for this commercial storefront.
Where is this storefront property located?
The property is located at 240 N Broad St Globe, AZ.
What are key features of this property?
This property features: 240 N Broad St in historic downtown Globe; Same tenant in place since 2009; New 3‑year lease began in January 2022
