Glendale, AZ 85308,18205 N 51ST Avenue #115
Glendale, AZ 85308,18205 N 51ST Avenue #115
Glendale, AZ 85308,18205 N 51ST Avenue #115
Glendale, AZ 85308,18205 N 51ST Avenue #115
Glendale, AZ 85308,18205 N 51ST Avenue #115
Glendale, AZ 85308,18205 N 51ST Avenue #115
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$350,000

$380,000

7.9%
Est.Price: ?

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Est. payment /mo

1,221 Sqft Lot


SOLD DATE : 12/22/2023

Key Details

Sold Price $350,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Arrowhead Office Plaza Condo Lot 1 Amd & Restated

MLS Listing ID 6609814

Sold Date 12/22/23

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 2005

Annual Tax Amount $3,398

Tax Year 2022

Lot Size 1,221 Sqft

Acres 0.03

Property Description

Discover a Versatile Investment Opportunity: Introducing an exceptional commercial real estate opportunity for investors and owner-occupiers alike - a 1,221 square foot office condo with the unique potential for partial owner occupancy and lease income. Situated in a highly desirable location, this well-maintained property is designed to meet the diverse needs of businesses seeking a strategic foothold in the thriving commercial landscape. Property Highlights:
Location: Located conveniently the Arrowhead and Deer Valley submarkets, this office condo enjoys easy access to major thoroughfares, public transportation, and other vibrant business and community activities. The professional appearance of the Arrowhead Office Complex enhances the overall appeal of this property.

Space Configuration: This 1,221 square foot office condo is thoughtfully divided into two distinct sections, each boasting 2 spacious office spaces and a built-in sink/small kitchen area. Shared bathroom facilities provide convenience for all occupants.
Owner-Occupied Potential: One side of the condo is elegantly furnished, offering a turnkey solution for an owner-occupier. Ideal for professionals and businesses looking for a ready-to-move-in workspace, this mostly furnished section provides a comfortable and productive environment.

Lease Income Opportunity: The other side of the condo is currently tenant-occupied, with the existing furnishings belonging to the tenant. These tenants are on a month-to-month lease, affording flexibility for a new owner. This setup presents a steady stream of income for investors, making it an attractive investment opportunity.

Versatile Investment: Whether you are an owner-occupier looking for a place to conduct business or an investor seeking to capitalize on the robust demand for small commercial spaces, this property offers both options. You can choose to occupy the entire property, occupy the furnished side while enjoying the benefits of rental income from the other section, or see the value-added opportunity to retain add more tenants for continued cash flow.
Invest with Confidence: This office condo has been meticulously maintained, ensuring a professional and inviting environment for tenants and clients alike. The recently installed HVAC is an overall benefit along with the monument sign to draw customers to the property, plentiful parking, and easy access. Its prime location, flexible layout, and income potential make it a smart choice for those seeking long-term value and returns on their investment.
Don't miss the chance to secure your stake in this dynamic commercial real estate market.

Location

State AZ

County Maricopa

Community Arrowhead Office Plaza Condo Lot 1 Amd & Restated

Zoning C

Direction Union Hills to 51st Ave, 51st Ave to Michigan, east to 1st drive way into complex, veer right and park on the east side of the building

Interior

Heating Electric

Cooling Central A/C

Flooring Carpet, Ceramic Tile, Vinyl

Exterior

Garage Paved Parking, Public Parking, Free

Fence None

Waterfront No

Roof Type Built-Up

Present Use Service Business,Office

Parking Type Paved Parking, Public Parking, Free

Total Parking Spaces 11

Building

Sewer Public Sewer

Water City Franchise

Others

Senior Community No

Tax ID 207-23-552

Financing Cash

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Arizona Regional MLS (ARMLS)
Listed by RE/MAX Professionals
Bought with Active Real Estate, LLC
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(623) 694-3799

terry@katerrarealty.com

42201 N 41st Dr Suite B144, Anthem, AZ, 85086, United States

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