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    FOR SALE
    Office buildings

    3620 N 4Th Ave, Phoenix, AZ 85013

    18,350 SF 0.92 ac lot Built 1987
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US07-3341968
    Property summary
    AI-generated overview

    This exceptional 18,350-square-foot, two-story office building, situated on a 0.86-acre lot at 3620 N. 4th Ave in Phoenix, AZ, presents a rare investment opportunity. Built in 1987 and extensively renovated in 2006, the property boasts modern amenities including a sophisticated HVAC system with zoned climate control and a negative air system, all controllable via a mobile application. High-quality natural lighting is achieved through Kalwall installation. The building features 64 parking spaces and is conveniently located in the Central Corridor, approximately three miles from downtown Phoenix. Its prime location offers excellent visibility on 4th Avenue, with easy access to the Valley Metro Light Rail, Arizona State Route 51, and Interstate I-17. Surrounded by retail, restaurants, corporate anchors, medical facilities, and Arizona State University, this Class B building offers significant potential. The property includes two grease traps, one elevator, and two emergency stairwells. Zoned C-2, City of Phoenix, this fee-simple ownership presents a unique chance to acquire a well-maintained, strategically located office building in a thriving area. The building is currently vacant, providing immediate occupancy for an owner/user or the opportunity to lease to multiple tenants. The property's features include ample parking, excellent visibility, and proximity to major transportation routes and amenities.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1987
    Construction CONCRETE
    Total area 18,350 SF
    Lot 0.92 ac (39,989 SF)
    Zoning code C-2
    APN 118-30-002B
    UPID US07-3341968
    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
    • Foundation For Senior Living Adult Day Care
    • Keogh Health Connection Charitable Organization Social Service Agency
    • FSL ReCreación Central Location Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.56M
    Blend (final) Blend
    $6.56M
    Owner & transaction history
    Fsl Holding Properties LLC · 18 yrs held
    Fsl Holding Properties LLC
    since 2007
    4 recorded transactions
    2007
    2007
    2007
    2006
    $2.8M
    Zoning & alternative use
    C-2 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $9.8M +108.5%
    Auto repair, garage $7.8M +65.0%
    Retail stores $5.5M +16.4%
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    More about this property
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