4227 S Central Avenue Phoenix, AZ 85040

$3,050,000
4227 S Central Avenue, Phoenix, AZ 85040
5765969

Commercial Property for sale in Phoenix, AZ

for $3,050,000. This 24,663 square foot building was built in 1956 on a lot size of 99228.00 Sqft.

Property Information

  • $3,050,000
  • Commercial
  • 24,663 Square Feet
  • Taxes are $33,487
  • Commercial
  • Active
  • Lot size of 99228.00 Sqft
  • Built in 1956
  • Phoenix, AZ
  • South Mountain Neighborhood
  • Maricopa County
  • MLS/Web ID is 5765969

Description

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.

Interior 3

Cooling System

  • Central Air

Flooring

  • Concrete Floors

Sewer

  • Public Sewer

Exterior 5

Construction

  • Block

Parking

  • Paved

Road Frontage

  • Asphalt Road
  • Curb & Gutter

Roof

  • Foam

Separate Utilities

  • Individual Meters

† Excluded Feature

Listed By

Broker: ARIZONA ESTATE INVESTORS

4227 S Central Avenue, Phoenix, AZ, 85040 is a Commercial Property for sale at $3,050,000 with 24,663 sqft and a lot size of 99228.00 Sqft. 4227 S Central Avenue has 0.0 baths and was built in 1956. The property's zip code is 85040 which is in Phoenix, AZ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Phoenix $461,082 85 % below $320,000 90 % below
Commerical listings in Phoenix $929,663 70 % below $599,000 80 % below

Get the facts about Phoenix, AZ!

Population 1,551,461
Population Growth (since 2000) 17 %
Median Income $48,502
Median Age 33.86
Households w/ Children 33 %

Residential Dwellings

  • Owned 324137
  • Vacant 73490
  • Rented 231001

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