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Key Details
Sold Price $750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision East Orangewood Lot 23
MLS Listing ID 6241672
Sold Date 06/30/22
Year Built 1955
Annual Tax Amount $6,312
Tax Year 2020
Lot Size 0.302 Acres
Acres 0.3
Lot Dimensions 131X100.1
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Rare single-tenant freestanding boutique commercial building in highly sought after North Central Phoenix corridor. Ideal for an owner/user, investor, or developer. The property has 14 marked parking spaces and approximately 1,000 square feet of paver stone patio area. The one-level structure is currently configured as an educational facility with private offices, classrooms, meeting and multi-purpose rooms, and an outdoor masonry block and grassy courtyard area. Buildings like this rarely trade in this corridor, making it a unique opportunityminutes from Sky Harbor International Airport, Downtown Phoenix, and major highways. Rental comparables range from $15.57-$27.00 full-service price per foot. Utilizing $21.00 afoot, the annual revenue could be somewhere around $75,138
Location
State AZ
County Maricopa
Community East Orangewood Lot 23
Zoning C-2
Direction South East Corner Of East Sierra Vista Dr & North 7th Street.
Interior
Heating Electric
Cooling Heat Pump, Central A/C
Flooring Other
Exterior
Parking Features Free, Private Parking
Fence Block
Roof Type Foam
Present Use Religious Facility, Office
Total Parking Spaces 14
Building
Sewer Public Sewer
Water CAP
New Construction No
Others
Senior Community No
Tax ID 161-05-041
Financing Conventional
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Bought with Non-MLS Office