104 3rd St Eloy, AZ 85131-2503
This 0.17-acre commercial lot in Eloy, Arizona, is priced at $115,000 ($15.53/sq ft). Located at 104 E 3rd St, in the heart of downtown, it's conveniently situated south of the Eloy Chamber of Commerce and approximately 1.5 miles northeast of I-10 FWY and the S. Sunshine Blvd exit, easily accessible from N. Stuart Blvd. The property enjoys a prime location near numerous downtown shops, Eloy City Hall, Jones Park, Eloy Schools, and residential areas. Its central location makes it suitable for a variety of businesses, including coffee shops, bakeries, restaurants, escape rooms, or other entertainment venues. The lot offers potential for expansion and is served by existing water and sewer lines running along its west side, south to E. 3rd St. Currently zoned C-1, the property's General Plan indicates potential for rezoning to C-2 (Community Commercial). Interested parties should contact the Town of Eloy zoning department for details and rezoning fees. The property is available for owner-user, developer, investor, or land lease opportunities. This is a fantastic opportunity to establish a business in a thriving downtown area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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