Stable, high income producing commercial rental property with long-term tenants on a ~4.5 acre parcel in Central Phoenix. Upside in annual rent increases (Next scheduled Oct 2023) and available ~30,000 SqFt C3 for Additional Units or Commercial Rental/Redevelopment. Future parcel development opportunities with City of Phoenix rezone R5 pre-application approved.
- Price:
- $8,500,000
- Acreage:
- 4.46
- Listing ID #:
- 6532495
- Street Address:
- 2401 W Indian School Rd
- City:
- Phoenix
- State:
- Arizona
- Postal Code:
- 85015
- County:
- Maricopa
- Listing Status:
- Active
- Listing Type:
- LandDevelopedVacant
- Construction Status:
- Other, See Remarks
- Approximate Lot Size Range:
- 2.50 - 4.99 Acres
- Conforms To Zoning:
- R1-6 /C-3/R-5
- Existing Land Use:
- Commercial Acreage, Commercial Lot, Mobile/Mfg Home Lot, Residential Acreage
- Extra Features:
- Corner Lot, Dual Street Ftg
- Lot Number:
- -
- Lot Square Footage:
- 194234.00
- Suitable Use:
- Commercial, Hotel/Motel, Industrial, Multi-Family, Office, P.A.D., Retail
- Topography:
- Level
- For Sale Or Lease?:
- Sale
- Terms:
- 1031 Exchange, Cash, Conventional
- Property Taxes:
- $7,157
- Tax Year:
- 2022
- Electricity:
- Srp
- Sewage Type:
- Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Asher Cohen with Realty ONE Group
