Phoenix, AZ 85006,2612 N 7TH Street
Phoenix, AZ 85006,2612 N 7TH Street
Phoenix, AZ 85006,2612 N 7TH Street
$950,000
Est. payment /mo
$1,030,000
7.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

10,707 Sqft Lot
SOLD DATE : 06/29/2022

Key Details

Sold Price $950,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Ormes Addition

MLS Listing ID 6237503

Sold Date 06/29/22

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1971

Annual Tax Amount $7,200

Tax Year 2020

Lot Size 10,707 Sqft

Acres 0.25

Property Description

Office/Retail Building for sale. This unique building flexes between
office use or retail use with frontage along 7th street. Perfect for an investor!
This is priced at a 6.0% CAP Rate.
There are 4 covered parking spaces in the rear of the building for employees, and a total of 8 open parking spaces in front of the building. Interior build out is fresh and exciting with exposed duct work and 'wood look' ceramic tile gives a terrific modern feel to the space.
Tenant just signed a 5 year lease with 3% bumps year over year. A 5 year renewal option is available as well.

Location

State AZ

County Maricopa

Community Ormes Addition

Zoning C-2

Direction From I10 go North on 7th street 1 1/2 miles. Property will be on the west side of the street.

Interior

Heating Heat Pump

Cooling Central A/C

Exterior

Parking Features Free, Paved Parking

Fence Other

Roof Type See Remarks, Rolled/Hot Mop

Present Use Retail, Office

Total Parking Spaces 12

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 118-45-086

Financing SBA

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Arizona Regional MLS (ARMLS)
Listed by Commercial Property Connect
Bought with Non-MLS Office

GET MORE INFORMATION

Gordon Hageman

+1(480) 498-3334

CEO/Associate Broker

CEO/Associate Broker

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.