$950,000
$1,030,000
7.8%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
Garage Free, Paved Parking
Fence Other
Waterfront No
Roof Type See Remarks, Rolled/Hot Mop
Present Use Retail, Office
Parking Type Free, Paved Parking
Total Parking Spaces 12
Building
Sewer Public Sewer
Water City Franchise
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!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with Non-MLS Office
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
42201 N 41st Dr Suite B144, Anthem, AZ, 85086, United States