927 Hatcher Rd Phoenix, AZ 85021
- Strip malls
- 6,040 SF
- 0.37 lot acres
Current Use by Public Records
- Ara Barbershop Unisex / Barber Shop
- Static Cling Stickers / Sticker Manufacturer
- vinyl lettering / Graphic Designer
- Nutrition Hatcher / Health Food Restaurant
- Digital Creative Service / Graphic Designer / Video Production Service
Property Details for 927 Hatcher Rd
- Year built
- 1985
- Construction
- CONCRETE
- Lot size
- 0.37 lot acres
- Property size
- 6,040 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 158-31-027M
- APU
- 15831027M
Description
This Phoenix, Arizona, retail property at 927 W. Hatcher Rd offers a compelling investment opportunity. The 5,664 square foot, fully leased (100% occupancy as of February 8, 2024), multi-tenant storefront boasts five units in a Class C building constructed in 1985. Located in Maricopa County, with a C-2 zoning permit, the property sits on a 16,200 square foot lot. The asking price is $1,000,000, representing a price per square foot of $176.55 and a 6.42% capitalization rate. The current Net Operating Income (NOI) is $64,193. The property benefits from a majority of tenants having scheduled rent increases. Its location on Hatcher Road provides high visibility and foot traffic, with convenient access to major transportation routes and a mix of residential and commercial developments nearby. This institutional-grade investment presents a strong cash flow potential with a stable tenant base. The property's versatile layout is suitable for a variety of retail concepts. Ample parking is available. The APN is 158-31-027M. This is a fully leased, multi-tenant retail shopping plaza in North Central Phoenix.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.086
- Latitude
- 33.5709
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
