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    FOR LEASE
    Strip malls

    1601 E Bell Rd, Phoenix, AZ 85022

    10,200 SF 3.31 ac lot Built 1987
    Individually Owned 30-yr Hold ~ Est. High Equity
    Property ID
    US07-0830388
    Property summary
    AI-generated overview

    Plaza 16, a thriving retail strip center in the East Phoenix Ret submarket of Maricopa County, offers a fantastic leasing opportunity. This multi-tenant property boasts a total of 36,392 square feet of retail space. Currently, there is 3,000 square feet of immediately available space, perfect for a variety of retail businesses seeking high visibility and foot traffic. The property is easily accessible and situated in a dynamic commercial area, ensuring strong potential for customer engagement. The building itself does not include elevators. The property's design and location make it an ideal choice for businesses looking to establish or expand their presence in a bustling East Phoenix market. This is a rare opportunity to secure prime retail space in a well-established center with a proven track record. The available space offers significant potential for growth and success. Interested parties are encouraged to inquire promptly to secure this exceptional leasing opportunity. The property is classified as a retail strip center with multiple tenancies. The high-traffic location and ample space make this an attractive investment for businesses seeking a strong presence in the East Phoenix market. Don't miss out on this chance to secure your ideal retail space.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1987
    Construction CONCRETE
    Total area 10,200 SF
    Lot 3.31 ac (144,213 SF)
    Zoning code C-2
    APN 214-21-120D
    UPID US07-0830388
    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
    • Corinne S. Bender, DC Alternative Medicine Practice
    • Copycat Llc Marketing & Advertising (Bike/Boat/Book/etc) Store
    • Beyond Care Preschool Daycare Center
    • TCM Auto & Home Insurance Insurance Agency
    • BluDot Massage & Bodywork Alternative Medicine Practice Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.69M
    Blend (final) Blend
    $4.44M
    Owner & transaction history
    E & T II L L C · 30 yrs held
    E & T II L L C
    since 1996
    7 recorded transactions
    1996
    $1.6M
    1996
    1992
    $800,000
    1992
    1992
    $640,000
    1991
    $640,000
    1991
    Zoning & alternative use
    C-2 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $7.1M +173.6%
    Restaurant $5.4M +109.8%
    Auto repair, garage $4.3M +66.0%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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