4647 Chandler Blvd Phoenix, AZ 85048
- Strip malls
- 20,038 SF
- 2.48 lot acres
Current Use by Public Records
- BLK LBL Fitness Club / Gym
- AZ Boot Bootique / Boot Store
- Samaritan Funeral and Cremation Services / Funeral Home / Cremation Service
- Connected Health Phoenix / Chiropractor / Massage Therapist
- Va Bene / Italian Restaurant / Event Venue
Property Details for 4647 Chandler Blvd
- Year built
- 2003
- Construction
- CONCRETE
- Lot size
- 2.48 lot acres
- Property size
- 20,038 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 307-03-893
- APU
- 30703893
Description
Vabene Plaza, a single-story retail center in Phoenix's desirable submarket, presents a compelling investment opportunity. Built in 2003, this 20,400 square foot property sits on a 2.49-acre lot (108,209 square feet) at the southwest corner of Chandler Boulevard and 48th Street, boasting excellent street access and visibility. The center enjoys high traffic counts, exceeding 100,000 vehicles daily, and benefits from a shadow anchor, Kohl's department store. Currently, there are three available retail spaces ranging from 1,220 to 2,650 square feet, totaling 5,090 square feet of vacant space. The property features a total of nine suites, offering flexibility for various retail concepts. The location is further enhanced by a dense daytime employment population, ensuring a strong customer base. This well-maintained property offers a unique chance to establish or expand a retail presence in a thriving Phoenix location. The minimum divisible space is 1,220 square feet.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,255,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,975,000
- 6.5%
- $4,595,000
- 7%
- $4,265,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,919,000
Market price range: $2.16M - $8.23M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $5,100,000 Current use
- RETAIL STORES
- $5,970,000 Change: +17% Conversion: Easy
- MEDICAL BUILDING
- $5,320,000 Change: +4% Conversion: Difficult
- WAREHOUSE, STORAGE
- $5,200,000 Change: +2% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $4,410,000 Change: -14% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.981
- Latitude
- 33.3039
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
