1825 E NORTHERN Avenue Phoenix, AZ $ 7,500,000
1825 E NORTHERN Avenue
$ 7,500,000
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1825 E NORTHERN Avenue

Phoenix, AZ, 85020
$ 7,500,000
Baths0.0 Sq 29,800

Monthly Estimate*

$ 52,390

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Studio

Commercial Property for sale in Phoenix, AZ

for $7,500,000. This 29,800 square foot building was built in 1984.

Don't miss out on a rare opportunity to own the landmark Vista De Loma buildings. This 30,000 SF, mission-style commercial office complex consists of 3 buildings and is located at 1825 E Northern Ave in North Central Phoenix. It is a multi-tenant project and fully occupied with 1-3 year gross leases and professional management in place, offering steady rental income and an attractive return on investment. Most exciting, however, is the pre-existing, high-density multi-family, R-5 zoning designation. At over a 5 cap including professional management and a full time maintenance employee, the potential for redevelopment is palpable. Situated on a spacious 2.44-acre plot of land, the lot boasts unbeatable views of Piestewa Peak and is located in one of the most desirable areas in Phoenix.

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Commercial Active

Price

$ 7,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 63,483

Style

Comm/Industry Sale

Year Built

1984

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6614774

Features
General
Sewer Public Sewer
Heating Electric
Cooling Office A/C
Roof Built-Up
Zoning R-5
Construction Materials Frame - Wood
Year Built 1984
Electric Master Meter APS
Township 3N
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 655022.0
Business Type Office
County Maricopa
Net Operating Income 388500.0
Operating Expense 63483.0
Property Type Comm/Industry Sale
Attached Garage N
Building Features Public Elevator(s) Conference Room Reception Room
Status Active
Directions East toward 51. South side of road. Long white mission style arched building from 18th-20th st.
City Phoenix
Buyer Agent Compensation 2.50
Disclosures Other (See Remarks)
View Y/N N
Open Parking Spaces 70.0
Lot Size Square Feet 2.44
Carport Y/N N
Street Name NORTHERN
Tax Annual Amount 63483.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 203
Structure Type Commercial Office
Standard Status Active
Occupancy Description Tenant
Tax Lot 0
Cap Rate 5.18
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community N
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Interior
Flooring Carpet Vinyl
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Fencing Block Partial
Parking Features Other (See Remarks) Paved Parking Public Parking Free
Water Source City Franchise
Total Parking 123.0
Lot Size Area 2.44
Number of Buildings 3
Spa N
Lot Dimensions 1000' x 200'
Lot Size Acres 0.0
Road Surface Type Dirt Asphalt
Lot Size Units Square Feet
Covered Spaces 53.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1825
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* Excluded Features
List By
Axis Property Advisors

Broker

Dave@TaBGrp.Com

Email

Affordability Calculator

$57,680
Per Month
91%
9%
0%
Monthly Principal & Interest
$52,390
Monthly Property Taxes
$5,290
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/6/2023$7,500,000 Listed Price

Map


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1825 E NORTHERN Avenue, Phoenix, AZ, 85020 is a Commercial Property for sale at $7,500,000 with 29,800 sqft. 1825 E NORTHERN Avenue is a studio with 0.0 baths and was built in 1984. The property's zip code is 85020 which is in Phoenix, AZ