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    3620 4Th Ave Phoenix, AZ 85053

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    For Sale
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    18,350 SF Office, Vacant, Updated

    Property size:
    18,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 18,350-square-foot, two-story office building, situated on a 0.86-acre lot at 3620 N. 4th Ave in Phoenix, AZ, presents a rare investment opportunity. Built in 1987 and extensively renovated in 2006, the property boasts modern amenities including a sophisticated HVAC system with zoned climate control and a negative air system, all controllable via a mobile application. High-quality natural lighting is achieved through Kalwall installation. The building features 64 parking spaces and is conveniently located in the Central Corridor, approximately three miles from downtown Phoenix. Its prime location offers excellent visibility on 4th Avenue, with easy access to the Valley Metro Light Rail, Arizona State Route 51, and Interstate I-17. Surrounded by retail, restaurants, corporate anchors, medical facilities, and Arizona State University, this Class B building offers significant potential. The property includes two grease traps, one elevator, and two emergency stairwells. Zoned C-2, City of Phoenix, this fee-simple ownership presents a unique chance to acquire a well-maintained, strategically located office building in a thriving area. The building is currently vacant, providing immediate occupancy for an owner/user or the opportunity to lease to multiple tenants. The property's features include ample parking, excellent visibility, and proximity to major transportation routes and amenities.

    Property Features for 3620 4Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    18,350 SF
    Class
    B
    Lot Size
    37,462 SF

    Building Details

    Year Built/Renovated
    1987/2006
    Stories
    2

    HighLights

    • Sale price: Confidential.
    • Excellent walkability to Valley Metro Light Rail (Central Ave & Osborn Rd).
    • Easy highway access via SR‑51 (under 3 miles) and I‑17 (2 miles).
    • High visibility with prominent 4th Avenue frontage.
    • Nearby amenities: Promenade retail, restaurants, and shopping within one mile.
    • 4th Avenue street frontage; Cross streets: Osborn Road and 4th Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Foundation For Senior Living Adult Day Care Center Keogh Health Connection Non-Profit Organization FSL ReCreación Central ... Disability Services & Support Organisation

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Law Firm Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1370601
    Latitude
    33.6289952

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    FAQs

    What type of property is this?
    Multifamily property - 18,350 SF Office, Vacant, Updated
    Where is this multifamily property located?
    The property is located at 3620 4Th Ave Phoenix, AZ.
    What are key features of this property?
    This property features: Sale price: Confidential.; Excellent walkability to Valley Metro Light Rail (Central Ave & Osborn Rd).; Easy highway access via SR-51 (under 3 miles) and I-17 (2 miles).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3620 4Th Ave Phoenix, AZ 85053
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