15224 59th Ave Glendale, AZ 85306-3215
- Strip malls
- 4,900 SF
- 0.22 lot acres
Current Use by Public Records
- The family jewelry / Jewelry Store
- Rico’s Barber Shop / Barber Shop
- big time beautiful / Medical Spa
- Andy's Hobby Headquarters / Hobby Store
- Al Smoke Shop / Tobacco Shop
Property Details for 15224 59th Ave
- Year built
- 1986
- Construction
- CONCRETE
- Lot size
- 0.22 lot acres
- Property size
- 4,900 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 200-72-001A
- APU
- 20072001A
Description
This exceptional Glendale, Arizona retail property, located at 15224 N 59th Ave, zip code 85306, offers 1,800 square feet of versatile space currently available for lease. The property is ideally suited for multiple tenants, with two suites of 900 square feet each. Each suite is independently accessible, providing flexibility for various business models. The building's total area is 1,800 square feet, currently entirely vacant, presenting a unique opportunity for immediate occupancy. The property is categorized as retail space, previously housing a barber shop and protein shake shop, suggesting a potential for similar businesses or complementary ventures. Situated in Maricopa County, this location benefits from excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. The property's address is easily accessible via major roadways, ensuring convenient access for both customers and employees. The individual suite size of 900 square feet provides ample space for a variety of retail operations, while the potential for leasing both units offers significant expansion opportunities. This property presents a compelling investment opportunity in a thriving Glendale market. Interested parties are encouraged to inquire for further details and leasing options.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,695,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,045,000
- 6.5%
- $1,880,000
- 7%
- $1,900,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,950,000
- Geo Method
- $1,725,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,915,000
- Retail
- $1,725,000
- Mixed-Use
- $1,875,000
- Hospitality
- $2,180,000
- Educational
- $2,050,000
- Residential Income
- $1,800,000
- Energy
- $1,955,000
- Income-Based Land
- $1,825,000
- Food Service
- $1,745,000
Location Insight
- Map
- Local Demand
- City
- Glendale
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.186
- Latitude
- 33.6243
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
