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    5065 Elliot Rd Phoenix, AZ 85044

    Sponsored
    For Sale
    $1,795,000

    4,615 SF Bank Building - $1.795M

    Property size:
    4,615 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,615-square-foot retail building, situated on a 0.77-acre lot in Phoenix, Arizona, presents a unique investment opportunity. Previously occupied by a bank, the property boasts a convenient drive-through, ideal for a variety of financial or retail uses. Located at 5065 E Elliott Rd, this corner lot offers excellent street frontage and visibility, enhanced by its proximity to the I-10 Freeway. The address is specifically the southwest corner of 51st Street and Elliott Road in Maricopa County, with ample parking available for customers and staff. Built in 1980, the building is zoned C-1, allowing for a range of commercial uses. The property's APN is 301-54-915. Its strategic location and substantial size make it an attractive prospect for businesses seeking high visibility and convenient access. The asking price is $1,795,000. This property offers significant potential for a savvy investor or business owner looking to establish a strong presence in a thriving Phoenix market. The building's history as a bank provides a solid foundation for future success, and its features, including the drive-through, make it a highly desirable commercial space.

    Property Features for 5065 Elliot Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,615 SF
    Lot Size
    33,541 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Bank of America ATM ... Atm Bank of America (with ... Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.9763293
    Latitude
    33.348508

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    FAQs

    What type of property is this?
    Individual retail property - 4,615 SF Bank Building - $1.795M
    Where is this individual retail property located?
    The property is located at 5065 Elliot Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,795,000.
    Request Owner's contact information
    5065 Elliot Rd Phoenix, AZ 85044
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    Phoenix, AZ 85044
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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
    5065 Elliot Rd Phoenix, AZ 85044
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