3695 Foothills Dr Sierra Vista, AZ 85635
- Office buildings
- 4,318 SF
- 0.99 lot acres
Current Use by Public Records
- Office buildings
Property Details for 3695 Foothills Dr
- Year built
- 1967
- Construction
- CONCRETE
- Lot size
- 0.99 lot acres
- Property size
- 4,318 SF
- Property type
- Office buildings
- APN
- 105-05-004
- APU
- 10505004
Description
This exceptional value-add investment opportunity presents a three-building office complex totaling 10,107 square feet situated on a highly desirable 43,168-square-foot lot in Sierra Vista, Arizona. The property, located at the prominent northeast corner of Highway 92 and Foothills Drive, benefits from significant visibility and high traffic counts due to its strategic placement on a signalized intersection. Built in 1967, with renovations completed in 1985, the complex comprises three single-story buildings featuring ten individual office suites ranging from 650 to 1,950 square feet, currently boasting 77% occupancy. The ample parking area provides 58 concrete spaces, ensuring convenient access for tenants and visitors. The property enjoys convenient ingress and egress onto Highway 92 and Foothills Drive. The asking price is $1,200,000, representing a price per square foot of $118.73 and a pro-forma cap rate of 7.24%, with a pro-forma NOI of $86,831. The property is zoned GC and offers significant potential for future growth and development. This prime location and substantial lot size make this a compelling investment opportunity in a thriving market. The property's location at the "going home" corner of a major arterial intersection ensures high visibility and accessibility.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sierra Vista
- County
- Cochise
- State
- Arizona
- Longitude
- -110.258
- Latitude
- 31.5457
- CBSA code
- 43420
- CBSA name
- SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA
