1600 Ash St, Globe, AZ 85501-1418
This exceptional commercial building, located at 1600 E Ash St, Globe, AZ 85501, presents a compelling investment opportunity. The 2,770 square foot building, classified as a Class B property, features three distinct rentable suites, two of which are currently leased. The property boasts a 75% occupancy rate, generating immediate income. Each suite offers its own entrance and utilities, providing flexibility for diverse business needs. The building underwent renovations in 2022. The property sits on a 0.22-acre lot and includes 15 parking spaces, ensuring ample convenience for tenants and visitors. The building is zoned C2 and offers highway frontage with high traffic counts, providing excellent visibility and accessibility. The asking price is $394,900, translating to $142.56 per square foot. The property is a fee simple ownership, with a modified lease type and credit-rated tenants. This multi-tenant building offers a blend of stability and growth potential, making it an attractive investment for both seasoned investors and those new to commercial real estate. The property's location in Gila County, Arizona, provides access to a thriving local market. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a prime location.
-
Bradley Beauchamp Law Office Law Firm
-
United Fund of Globe-Miami Inc Social Service Agency Charitable Organization
-
Dr. Luralie L. Leonard, MD Pediatrician Physician
-
Service First Realty Real Estate Agency
-
Knockout Salon Hair Salon Nail Salon
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.