About The Property

Prime Investment with Rare C-3 Zoning. Excellent opportunity to acquire a high-visibility commercial property generating strong income with a 6% cap rate. The 1,814 SF building is leased to an established auto repair tenant at $5,500/month, providing stable cash flow. Property has been recently remodeled and features a new roof, minimizing near-term capital expenses. Includes three exterior service bays with two lifts and ample parking. Located in a busy corridor with highly desirable and hard-to-find C-3 zoning, allowing for a wide range of commercial uses and long-term flexibility for investors or future redevelopment.
Courtesy of Compass 480-980-2244
Listing Snapshot
Days Online
165
Last Updated
Property Type
Comm/Industry Sale
Lot Size
0.31 Acres
Year Built
2000
MLS Number
6996798
M. Logan
Top 2% performing AZ broker
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Additional Details

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Building
Built in 2000, Living area: 1824, Construction materials: Wood Frame, Block
Cooling
Office A/C
Expenses
Water sewer: $300
Fence
Security, Block
Floors
Concrete
Heating
Electric
Lot
0.31 acres, 13,650 sqft
Parking
Fenced, 20 total parkings
Property
Zoning: C-3
Roof
Composition
Security Features
Smoke Detector(s)
Sewer
Septic Tank
Taxes
Annual amount: $8,621, Lot: 81
Utilities
SRP
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30 Days Snapshot Of 85040
$345k
-8%
(avg) sold price
12
+33%
homes sold
75
+47%
(avg) days on market
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Monthly Payment
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