About The Property

Strategically located on the high-visibility northeast corner of Grand Avenue and Myrtle Avenue, this property offers a rare combination of immediate stability and future upside. The 13,499 Sq. FT building is situated on a sprawling 1.1-acre (48,000 Sq. Ft) C-2 zoned lot and is currently 100% occupied under a NNN lease structure, ensuring consistent cash flow with minimal landlord responsibility.Beyond the current income stream, the property boasts approximately 12,000 SF of excess land, providing a prime footprint for future construction or site expansion. Benefiting from heavy traffic counts in the heart of Glendale's commercial corridor, the site features excellent ingress/egress, 30 uncovered parking spaces, and a well-maintained structure.
Courtesy of Russ Lyon Sotheby's International Realty 480-585-7070
Listing Snapshot
Days Online
145
Last Updated
Lot Size
1.1 Acres
Year Built
1963
MLS Number
7022089
M. Logan
Top 2% performing AZ broker
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Additional Details

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Building
Built in 1963, Living area: 13499.0, 1 building, Construction Materials: Block, Brick
Cooling
Heat Pump, Office Evap, Warehouse Evap
Disclosures
Appraisal
Expenses
Operating: $572
Fence
None
Floors
Tile, Laminate, Ceramic Tile, Concrete
Heating
Forced Air, Heat Pump
Income
Gross Income: $139,962, Gross ScheduledIncome: $139,962, Net Operating Income: $139,962
Lot
1.1 acres
Parking
30 open parking spaces, 30 total parking spaces, Parking Lot, Paved, Private
Roof
Built-Up
Security Features
Smoke Detector(s)
Sewer
Public Sewer
Taxes
Parcel Number: 143-43-014-A, Public Survey Range: 2E, Public Survey Section: 6, Annual Amount: $572, Tax Book Number: 143.00, Legal Description: LOT 14 FLORALCROFT MCR 001926, Lot: 14, Map Number: 43.00, Parcel Letter: A, Year: 2025, Zoning: C-2
Utilities
Water Source: City Franchise, Master Meter, SRP
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