4227 S Central Avenue Phoenix, AZ, 85040
$ 3,000,000Bedrooms Baths0.0 Sq 24,663
for $3,000,000. This 24,663 square foot building was built in 1956 on a lot size of 99228.00 Sqft.
GROCERY ANCHORED INVESTMENT OPPORTUNITY. RARE OPPORTUNITY TO ACQUIRE RANCHO GRANDE PLAZA. A NEIGHBORHOOD STRIP CENTER LOCATED IN THE HEART OF DOWNTOWN PHOENIX.100% FULL. NET OPERATING INCOME OF $209, 776.00 PER YEAR. RANCHO GRANDE MARKET THE MAJOR TENANT SINCE 1996 HAS RECENTLY SIGNED A NEW 10 YEAR LEASE. GREAT TRAFFIC FLOW. 43, 000 CARS PER DAY PASS. ALL TENENTS ARE ON NNN. LEASES. REMOLDED IN 2015. PROPERTY SITS ON 2.28 ACRES. CORNER INTERSECTION OF CENTRAL AND BROADWAY. PRICED AT ONLY $123 PER SQ. FT. GREAT MONUMENTAL SIGNAGE.
Cooling System Central Air
Flooring Concrete Floors
Sewer Public Sewer
Exterior* Excluded Features
Road Frontage Asphalt Road Curb & Gutter
Separate Utilities Individual Meters
List By Arizona Estate Investors
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% 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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Commerical listings in Phoenix, AZ
Average List Price $948,907
Percent of Sale Price 68 %
About Phoenix, AZ
17 % Since 2002
$ 48,502 Median Income
33.86 Median Age
33 % Households with Children
|7/28/2018||$3,000,000|| -1.64 %|| Price Down|
|5/15/2018||$3,050,000|| ||Listed Price|