$875,000
$950,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
0.59 Acres Lot
SOLD DATE : 11/28/2021
Key Details
Sold Price $875,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision University Addition
MLS Listing ID 6256823
Sold Date 11/28/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1970
Annual Tax Amount $10,023
Tax Year 2020
Lot Size 0.592 Acres
Acres 0.59
Lot Dimensions 200 x 131
Property Description
12,000 sqft warehouse in the incredible arts district of Downtown Phx. The property needs some work, but is certainly priced accordingly! Located in the mix of many shops, restaurants, and art galleries, as well as minutes to the I-10, you cannot beat this location. The current owners of the property own and run a very successful yoga clothing company that has quickly outgrown their warehouse space/retail space in Carefree. They are open to selling the property as-is or leaving some skin in the game and leasing back half of the space at market rent once built out and suitable for tenants. In that scenario, they would need to recoup some of the cash they have into the property, but it could be a very fruitful partnership.
Location
State AZ
County Maricopa
Community University Addition
Zoning C-2
Direction Heading SE on Grand Ave, turn right onto Mckinley - Continue straight and property is on the left
Interior
Heating Electric, Natural Gas
Cooling Warehouse Evap
Flooring Concrete
Exterior
Garage Free, Paved Parking, Private Parking
Fence Security, Chain Link
Waterfront No
Roof Type Metal
Present Use Warehouse
Parking Type Free, Paved Parking, Private Parking
Total Parking Spaces 20
Building
Sewer Public Sewer
Water City Franchise
Others
Senior Community No
Tax ID 111-27-132
Financing Conventional
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