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    311 Main St Eloy, AZ 85131

    For Sale
    $750,000

    Prime Eloy retail, high ROI, 5,345 SF

    Property size:
    5,345 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail investment opportunity presents a 5,345-square-foot strip mall located at 311, 313, and 315 N. Main St in Eloy, Arizona. The property, built in 1948 with partial renovations in 2024, boasts a strong 10.26% cap rate and a net operating income (NOI) of $2,358. Currently configured as three separate units (2,220 SF, 2,250 SF, and 875 SF), this property offers significant flexibility for various retail uses. The asking price is $750,000, translating to $140.32 per square foot. Situated on a 7,500-square-foot lot, the property includes five parking spaces and benefits from a highly visible Main Street location near the intersection with Frontier, ensuring excellent foot and vehicle traffic. The C2 zoning allows for a variety of commercial uses. This property is a compelling investment opportunity in a rapidly growing area, fueled by the presence of major companies like Lucid, Nikola, Kohler, and Proctor & Gamble. The strong rental demand and low supply in Eloy make this a particularly attractive proposition. The gross lease structure simplifies management, and the property is not subject to a ground lease. The property's three units are currently set up as office spaces, but the adaptable layout allows for a variety of retail configurations. This is a chance to capitalize on Eloy's burgeoning commercial market.

    Property Features for 311 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    5,345 SF

    Building Details

    Year Built/Renovated
    1948/2024
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • 5,345 SF retail strip mall in Eloy, AZ, located at 311, 313, & 315 N. Main St.
    • High‑visibility Main Street location near Frontier intersection, offering excellent foot and vehicle traffic.
    • Three units totaling 5,345 SF (2,220 SF, 2,250 SF, and 875 SF), currently configured as office spaces but adaptable for various retail uses.
    • Strong 10.26% cap rate and $2,358 NOI; asking price $750,000 ($140.32/SF).
    • 7,500 SF lot with five parking spaces; C2 zoning allows for diverse commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Eloy
    County
    Pinal
    State
    Arizona
    Longitude
    -111.55481492858
    Latitude
    32.7524264197

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    FAQs

    What type of property is this?
    Retail property - Prime Eloy retail, high ROI, 5,345 SF
    Where is this retail property located?
    The property is located at 311 Main St Eloy, AZ.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 5,345 SF retail strip mall in Eloy, AZ, located at 311, 313, & 315 N. Main St.; High-visibility Main Street location near Frontier intersection, offering excellent foot and vehicle traffic.; Three units totaling 5,345 SF (2,220 SF, 2,250 SF, and 875 SF), currently configured as office spaces but adaptable for various retail uses.
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    311 Main St Eloy, AZ 85131
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    Eloy, AZ 85131
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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
    311 Main St Eloy, AZ 85131
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