1606 Bell Rd Phoenix, AZ 85022
- Strip malls
- 9,900 SF
- 3.82 lot acres
Current Use by Public Records
- Puppy Luv Animal Rescue / Pet Adoption Service
- Brilliant Bridal Phoenix / Bridal Shop / Wedding Store
- Tacos Calafia North Phoenix / Mexican Restaurant / Taco Restaurant
- MPG Publishing Group / Commercial Printer
Property Details for 1606 Bell Rd
- Year built
- 1985
- Construction
- CONCRETE
- Lot size
- 3.82 lot acres
- Property size
- 9,900 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 214-09-026B
- APU
- 21409026B
Description
This exceptional retail investment opportunity is located in a thriving Phoenix, Arizona strip center at 1606 E Bell Rd, 85022. The property, known as Tierra Del Sol, boasts a total of 43,622 square feet of leasable retail space, spread across multiple units. Currently, five individual spaces are available, ranging in size from 1,228 square feet to 2,920 square feet, offering flexibility for a variety of retail businesses. The center is conveniently situated off Bell Road, providing excellent visibility and accessibility for customers. Ample parking is available with 150 spaces to accommodate both tenants and shoppers. The property is located in Maricopa County, Arizona, benefiting from a strong local economy and a dense population base. This presents a compelling investment opportunity for those seeking a well-located, established retail center with immediate income potential and significant upside. The property's size and layout offer potential for expansion or redevelopment, further enhancing its long-term value. The multiple tenancy structure provides diversification and resilience, mitigating risk and ensuring a stable income stream. This is a rare chance to acquire a prime retail asset in a high-demand area of Phoenix.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,325,000
- 6.5%
- $1,300,000
- 7%
- $1,410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,555,000
- Geo Method
- $1,435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,290,000
- Retail
- $1,595,000
- Mixed-Use
- $1,280,000
- Hospitality
- $1,480,000
- Educational
- $1,295,000
- Residential Income
- $1,340,000
- Energy
- $1,580,000
- Income-Based Land
- $1,400,000
- Food Service
- $1,280,000
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.048
- Latitude
- 33.6415
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
