Multi-Tenant Storefront
For Sale
$1,550,000
2573 E 24th St, Yuma, AZ 85365
The property has LI (Light Industrial) zoning, paved parking, and one currently vacant suite.
Property Size5,000 SF
Lot Size0.90 Acres
Price / SF$310
Days on Market47
Property Features for 2573 E 24th St
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.90 Acres
Property subtype
Retail
Zoning
LI
Additional Details
Asking Price
$1,250,000
Highway Access
Yes
Amenities
paved on-site parking
ADA-accessible spaces
covered arcade entries
tile-roof storefronts
Building Details
Building Size
5,000 SF
Year Built
2007
Tenancy
Multi
Listing Agency:
A T Pancrazi Real Estate
Listed By:
Jonathan Matheus · License #AZ #SA556646000
(928) 261-8786
Source:
Pancrazirealestate
Added: Sep 9
Changed: Oct 21
Last Checked: Oct 24 at 1:45PM
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 A T Pancrazi Real Estate
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Investment Insights
Based on property information with market context.
Built in 2007, this multi-tenant storefront property contains approximately 5,000 square feet on an approximately 0.9-acre site. The building is zoned LI (Light Industrial) and includes income-producing occupancy with one suite available for use or leasing. The vacant space features a customer-facing lobby, three private offices, an open common area, kitchen, restroom, and a large adaptable room suited to conference, showroom, or collaborative functions.
Paved on-site parking includes ADA-accessible spaces. Covered arcade entries and tile-roof storefronts add to the physical improvements, while access to I-8 and Highway 95 connects the property with major transportation routes in the Yuma area.
Paved on-site parking includes ADA-accessible spaces. Covered arcade entries and tile-roof storefronts add to the physical improvements, while access to I-8 and Highway 95 connects the property with major transportation routes in the Yuma area.
Key Highlights
- Approximately 5,000 SF multi‑tenant commercial building
- Approximately 0.9‑acre site with LI (Light Industrial) zoning
- One suite currently vacant with owner‑user or leasing flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,697
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,940
$1.0M
Cap Rate 7%
$724,243
$724.2K
Cap Rate 9%
$563,300
$563.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$75.6K $15.12/SF
− Vacancy
−$3.2K −$0.64/SF
EGI
$72.4K $14.48/SF
− OpEx
−$21.7K −$4.35/SF
NOI
$50.7K $10.14/SF
Area
Yuma County, AZ
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,940
Cap Rate 7%
$724,243
Cap Rate 9%
$563,300
Alternative Uses
Best Use
Retail
$724.2K
$633.7K – $845.0K
NOI $50,697 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,769 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Home Improvements & Furnishings 39%
Interstate Batteries
Shops & Services
1,857 visits/mo
0.3 miles
84 Lumber
Home Improvements & Furnishings
1,192 visits/mo
0.2 miles
Demographics for 85365, AZ
50,166
Population
26,353
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
87%
High-School Grad
1,349.0 sq mi
ZIP Area
37
Density / Sq Mi
$68,358
Median Household Income
$40,107
Median Earnings
$1,259
Median Rent
$189,900
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - The property has LI (Light Industrial) zoning, paved parking, and one currently vacant suite.
Where is this storefront property located?
The property is located at 2573 E 24th St Yuma, AZ.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Approximately 5,000 SF multi‑tenant commercial building; Approximately 0.9‑acre site with LI (Light Industrial) zoning; One suite currently vacant with owner‑user or leasing flexibility
