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    OFF-MARKET Estimated value $5,870,000
    Strip malls

    111 Honeysuckle St, Litchfield Park, AZ 85340-4322

    10,559 SF 2.32 ac lot Built 1958
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US07-0149110
    Property summary
    AI-generated overview

    This exceptional single-tenant office space, located at 111 W Honeysuckle St in Litchfield Park, Arizona, presents a unique opportunity. Built in 1958, this traditional office building is situated in a vibrant commercial plaza in the heart of Old Town Litchfield Park, directly across Old Litchfield Rd from the renowned Wigwam Resort. The property boasts a convenient location with easy access and ample parking, making it highly attractive to businesses and employees alike. The zoning is C-N, allowing for a variety of commercial uses. The building itself is part of a family-friendly plaza that includes a mix of restaurants, retail shops, and other services, creating a bustling and convenient environment for tenants and their clients. The property's pet-friendly atmosphere adds to its appeal. This 1958-constructed building offers a blend of character and modern convenience, making it an ideal location for businesses seeking a prominent presence in a thriving community. The address is easily accessible from Old Litchfield Rd and Honeysuckle St, in Maricopa County, zip code 85340. This is a rare opportunity to secure a well-located office space in a desirable Arizona community.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1958
    Total area 10,559 SF
    Lot 2.32 ac (101,052 SF)
    APN 501-68-415A
    UPID US07-0149110
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ribbons Tea House Restaurant Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.11M
    Blend (final) Blend
    $5.87M
    Owner & transaction history
    The Pagebrook Holdings LLP · 5 yrs held
    The Pagebrook Holdings LLP
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $8.5M +154.1%
    Restaurant $6.0M +80.5%
    Auto repair, garage $4.7M +40.6%
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