2806 24th St Phoenix, AZ 85008-1004
- Industrial properties
- 13,970 SF
- 0.73 lot acres
Current Use by Public Records
- Inventory Adjusters / Jewelry Store / Watch Store
Property Details for 2806 24th St
- Year built
- 1959
- Construction
- CONCRETE
- Lot size
- 0.73 lot acres
- Property size
- 13,970 SF
- Zone code
- C-2
- Property type
- Industrial properties
- Property subtype
- Loft space
- APN
- 117-01-116
- APU
- 11701116
Description
This exceptional 15,300-square-foot single-tenant building offers a unique blend of warehouse and office space, perfectly situated in the heart of Central Phoenix. The property boasts approximately 10,300 square feet of warehouse space, featuring a 14-foot clear height ceiling, one loading dock with a dock-high door, and a 10' x 12' roll-up door. The remaining 5,000 square feet is dedicated to well-appointed office space, providing a comfortable and efficient work environment. The building is fully air-conditioned and benefits from 200 amp/120-208 volt power. Situated on a 0.9-acre lot, the property includes fenced outdoor storage and ample parking for 42 vehicles. Built in 1960 and renovated in 2021, this masonry structure is zoned C-2, offering flexibility for a variety of uses. Its strategic location provides easy access to three major freeways (I-10, SR-51, and SR-202), placing it within a short commute of Downtown Phoenix, the Arizona Biltmore, Arcadia, Desert Botanical Gardens, and Phoenix Sky Harbor Airport. The surrounding area is densely populated, with over 100,000 residents within a two-mile radius. The estimated 2024 annual net operating expenses (NNN) are approximately $1.41 per square foot, covering property taxes and insurance. This property presents a rare opportunity to acquire a well-maintained, versatile commercial space in a highly desirable location. The property's combination of warehouse and office space, along with its convenient location and ample parking, makes it an ideal investment for a variety of businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $830,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $865,000
- 6.5%
- $755,000
- 7%
- $865,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $760,000
- Geo Method
- $715,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $705,000
- Retail
- $975,000
- Mixed-Use
- $845,000
- Hospitality
- $705,000
- Educational
- $925,000
- Residential Income
- $885,000
- Energy
- $800,000
- Income-Based Land
- $795,000
- Food Service
- $865,000
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.031
- Latitude
- 33.4787
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
