111 Florence Blvd, Casa Grande, AZ 85122-4003
- Retail space
- 4,744 SF
- 0.29 lot acres
Current Use by Public Records
- Spark Fuel / (Bike/Boat/Book/etc) Store
- Love Your Skin by Kendra / Medical Clinic / Skin Care Clinic
- The Dollhouse Salon Suites / Hair Salon / Nail Salon
- Gemz Nail salon & spa / Nail Salon
- CDS Grooming / Pet Grooming Service
Property Details for 111 Florence Blvd
- Year built
- 1957
- Construction
- CONCRETE
- Lot size
- 0.29 lot acres
- Property type
- Retail space
- APN
- 507-07-111A
- APU
- 50707111A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 8, 2022 | $525,000 | Roy Frym | Spirits LP | Special Warranty Deed | — |
| Mar 22, 2017 | — | Spirits LP | Tdd Properties LP | Warranty Deed · related | — |
| Mar 21, 2016 | $200,000 | Tdd Properties LP | Ruiz,jaime & Rosa | Grant Deed | $170k · Jaime & Rosa Ruiz |
| Jul 8, 2015 | $137,949 | Jaime Ruiz | Fidelity National Title|ruiz Jaime & Rosa | Trustees Deed | — |
| Jun 27, 2012 | $147,565 | Arizona Home Pros LLC | Az Desert Land Ents LLC | Warranty Deed | $18k · Az Desert Land Ents LLC |
| May 9, 2005 | $400,000 | Az Desert Land Ents LLC | Owner Name Unavailable | Grant Deed · related | $140k · Jaime & Rosa Ruiz |
| Jun 24, 2004 | $290,000 | Jamie Ruiz | Lowenthall,larry | Warranty Deed · related | $240k · Larry Lowenthall |
Description
Casa Grande Plaza offers a fantastic retail opportunity in the Casa Grande submarket. This single-story, 4,800 square foot building sits on a 1.5-acre lot (12,000 square feet) and features six suites, with one 700 square foot space currently available. Built in 1973 and renovated in 1985, the property boasts ample parking with 15 spaces and a secure gated entrance. The available suite is ideal for a variety of retail uses, and its current tenant is a tattoo shop. The property is zoned B2 and has a load factor of 1. Utilities are provided by APS. There are no elevators. Property taxes are $5,325 per square foot. The minimum divisible space is 700 square feet, and the maximum contiguous space available is also 700 square feet. The cross street is Florence. The APN is 507-07-111A. This is a great opportunity to establish a presence in a well-located retail center. The asking rent is $12 per square foot, NNN.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $550,000
- ML approach
- $515,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $775,000
- 6.5%
- $715,000
- 7%
- $665,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $413,000
- AI Estimate
- $347,000
Market price range: $211k - $653kMarket price range: $196k - $614k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $480,000 Current use
- COMMERCIAL (GENERAL)
- $730,000 Change: +52% Conversion: Easy
- OFFICE BUILDING
- $655,000 Change: +37% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Casa Grande
- County
- Pinal
- State
- Arizona
- Longitude
- -111.753
- Latitude
- 32.8793
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
