Description
Stable, high income producing commercial rental property with long-term tenants on ~4.5 acre parcel in Central Phoenix. Upside in annual rent increases (Recent 10% increase on Nov. 2023) and available ~30,000 SqFt C3 for Additional Units or Commercial Rental/Redevelopment. Future parcel development opportunities with City of Phoenix rezone R5 pre-application approved.
$4,200,000
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0BEDS
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4.46ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Stable, high income producing commercial rental property with long-term tenants on ~4.5 acre parcel in Central Phoenix. Upside in annual rent increases (Recent 10% increase on Nov. 2023) and available ~30,000 SqFt C3 for Additional Units or Commercial Rental/Redevelopment. Future parcel development opportunities with City of Phoenix rezone R5 pre-application approved.
© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than A.Z. & Associates Real Estate Group. Data last updated 2023-12-06T00:14:55.03.