6970 Chauncey Ln Phoenix, AZ 85054-5157
- Office buildings
- 22,180 SF
- 1.95 lot acres
Mar 23, 2022
Current Use by Public Records
- Dr. Uday Reddy / Allergist
- Stephen N. Finberg, DO, FCCP / Allergist / Pulmonologist
- Discount Sporting / Shopping Mall
- Atlas Women's Health / Doctor
- Phillip Menashe / Pulmonologist / Intensivist
Property Details for 6970 Chauncey Ln
- Year built
- 2007
- Construction
- STEEL FRAME
- Lot size
- 1.95 lot acres
- Property size
- 22,180 SF
- Zone code
- C-2
- Property type
- Office buildings
- APN
- 215-09-339
- APU
- 21509339
Description
This exceptional single-story office building, situated in Phoenix's desirable North Scottsdale submarket at 6970 E Chauncey Ln, Suites 115 and 125, offers a rare opportunity. Built in 2006 and renovated in 2018, the Class B property boasts 22,180 square feet, with 4,209 square feet currently vacant and available for lease. The space is divisible, with a minimum leasable area of 1,507 square feet and a maximum contiguous space of 4,209 square feet. Conveniently located near the intersection of Allied Way and Mayo Blvd, this property features 100 parking spaces for ample tenant and visitor parking. The building offers 10-foot ceilings and is zoned C-2. The property sits on 1.948 acres of land (APN 215-09-339) in Maricopa County, Arizona, zip code 85054. The building is suitable for both traditional office and medical office uses. The vacant space is easily adaptable, with the potential to combine smaller units to create larger contiguous spaces. This prime location and flexible space make it an ideal choice for businesses seeking a well-maintained and conveniently located office space in North Scottsdale.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,245,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,750,000
- 6.5%
- $6,230,000
- 7%
- $5,785,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,973,000
- AI Estimate
- $8,843,000
Market price range: $2.83M - $11.7MMarket price range: $2.77M - $11.6M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,655,000 Current use
- RESTAURANT
- $11,845,000 Change: +78% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $9,370,000 Change: +41% Conversion: Difficult
- RETAIL STORES
- $6,610,000 Change: -1% Conversion: Moderate
- MEDICAL BUILDING
- $5,885,000 Change: -12% Conversion: Easy
- WAREHOUSE, STORAGE
- $5,755,000 Change: -14% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $5,645,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.931
- Latitude
- 33.653
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA