Two-Unit Mixed-Use
New
For Sale
$530,000
469 W Central Ave, Coolidge, AZ 85128
Separate street entrances serve two commercial units, with rear alley access to a warehouse and shop area.
Property Size4,578 SF
Price / SF$115.77
Days on Market5
Property Features for 469 W Central Ave
General Information
Standard status
Active
Size
4,578 SF
Property subtype
Commercial
Zoning
C-3
Additional Details
Road Access
Yes
Clear Height
14 ft
Amenities
reception and waiting area
private office
full bathroom
walk-in storage closet
wood-look flooring
ceiling fans
showroom
exposed brick
break room
full kitchen
half bathroom
warehouse/shop
work areas
utility sink
roll-up doors
alley access
paved parking
Building Details
Year Built
1963
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX A Bar Z Realty
Listed By:
Angelica Bolan-Ervin · License #SA644867000
(520) 705-4992
Source:
Searchphxproperties
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:23AM
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 RE/MAX A Bar Z Realty
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Investment Insights
Based on property information with market context.
This 4,578-square-foot mixed-use building, constructed in 1963, contains two side-by-side units with separate street entrances. The right unit is configured for office use, with a reception and waiting area, private office, full bathroom, storage closet, wood-look flooring, and ceiling fans. The left unit includes a showroom, multiple offices or storage rooms, a break room, full kitchen, full bath, and half bath. A rear warehouse and shop area has 14-foot ceilings, work areas, a utility sink, a metal-building section, and four roll-up doors: two measuring 10x12 and two measuring 12x12.
The property is at 469 W Central Ave in Coolidge, Arizona, within the Downtown Commercial District Overlay and zoned C-3. The zoning also permits C-1 and C-2 uses. Paved parking is located at the front, and alley access serves the rear. The building may also accommodate an owner or lessee residing on site while operating a business.
The property is at 469 W Central Ave in Coolidge, Arizona, within the Downtown Commercial District Overlay and zoned C-3. The zoning also permits C-1 and C-2 uses. Paved parking is located at the front, and alley access serves the rear. The building may also accommodate an owner or lessee residing on site while operating a business.
Key Highlights
- Two side‑by‑side commercial units with separate street entrances
- 4,578 SF building constructed in 1963
- C‑3 zoning within the Downtown Commercial District Overlay; C‑1 and C‑2 uses also allowed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,071
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,420
$941.4K
Cap Rate 7%
$672,443
$672.4K
Cap Rate 9%
$523,011
$523.0K
Market Conditions
NOI Build-Up for 4,578 SF
Gross rent
$63.7K $13.92/SF
− Vacancy
−$8.3K −$1.82/SF
EGI
$55.4K $12.10/SF
− OpEx
−$8.3K −$1.81/SF
NOI
$47.1K $10.28/SF
Area
Pinal County, AZ
Vacancy
13.10%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,420
Cap Rate 7%
$672,443
Cap Rate 9%
$523,011
Alternative Uses
Best Use
Warehouse
$672.4K
$588.4K – $784.5K
NOI $47,071 @ 7.0% cap · market cap 8.88%
Second Best
Retail
$642.1K
$561.8K – $749.1K
NOI $44,945 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,595 @ 7.0% cap · market cap 16.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14 ft
Clear height
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 85128, AZ
15,764
Population
6,527
Households
2.4
Avg Household Size
34
Median Age
12%
College-Educated
84%
High-School Grad
166.7 sq mi
ZIP Area
95
Density / Sq Mi
$57,205
Median Household Income
$40,018
Median Earnings
$1,132
Median Rent
$208,400
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate street entrances serve two commercial units, with rear alley access to a warehouse and shop area.
Where is this mixed-use property located?
The property is located at 469 W Central Ave Coolidge, AZ.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two side‑by‑side commercial units with separate street entrances; 4,578 SF building constructed in 1963; C‑3 zoning within the Downtown Commercial District Overlay; C‑1 and C‑2 uses also allowed
