1348 E Indian School Road

    Phoenix, AZ 85014
    • $495,000
    • STATUS: Active
    • ON SITE: 468 days
    • MLS #: 5684675
    $495,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,851
      SQFT
    • $129
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    This NNN investment property is located in the heart of Central Phoenix right on themajor arterial, Indian School Road. Situated less than a half-mile from the 51Freeway, the building is minutes to the Biltmore area and the extremely popular 7thStreet corridors in both Midtown and Uptown. This property has great visibilityalong Indian School Road with 40,445 cars per day at this location. Thedemographics of the dense surrounding area are very attractive for any futurepotential user. With tons of residential and commercial uses in the area as well as itslocation on a major thoroughfare used for commuters both to and from school andwork each day, this property is a very attractive for many types of uses and investors. Current lease of $3500/month NNN good thru 8/31/2025.The property itself is currently a 3,850-square-foot building on a 5,321 square feet lot of C-2 zoned land. It was recently remodeled and leased to a well-established locksmith company. This NNN investment offers stable income in a very well located, infill area with a very desirable piece of real estate. The site is located in the heart of Central Phoenix with many top quality commercial and retail developments in the area. There are very few "bite-sized" investment opportunities in this submarket and this site offers a small investor a unique opportunity to acquire a property in the center of town with a stable income and a variety of different future tenant options or the possibility of redevelopment in the future. The seller is also willing to carry at very favorable terms, which makes this an even more attractive purchase for someone looking for a small investment in the extremely hot Phoenix real estate market.

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Riddle Realty. Data last updated 2019-02-19T00:16:17.083.
    www.cavecreekareahomes.com/homes/78574539

    1348 E Indian School Road Phoenix, AZ 85014

    • Price: $495,000
    • Status: Active
    • MLS #: 5684675
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,851
    SQFT
    $129
    $/SQFT
    1950
    Built
    Neighborhood:
    Liberty Place
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    This NNN investment property is located in the heart of Central Phoenix right on themajor arterial, Indian School Road. Situated less than a half-mile from the 51Freeway, the building is minutes to the Biltmore area and the extremely popular 7thStreet corridors in both Midtown and Uptown. This property has great visibilityalong Indian School Road with 40,445 cars per day at this location. Thedemographics of the dense surrounding area are very attractive for any futurepotential user. With tons of residential and commercial uses in the area as well as itslocation on a major thoroughfare used for commuters both to and from school andwork each day, this property is a very attractive for many types of uses and investors. Current lease of $3500/month NNN good thru 8/31/2025.The property itself is currently a 3,850-square-foot building on a 5,321 square feet lot of C-2 zoned land. It was recently remodeled and leased to a well-established locksmith company. This NNN investment offers stable income in a very well located, infill area with a very desirable piece of real estate. The site is located in the heart of Central Phoenix with many top quality commercial and retail developments in the area. There are very few "bite-sized" investment opportunities in this submarket and this site offers a small investor a unique opportunity to acquire a property in the center of town with a stable income and a variety of different future tenant options or the possibility of redevelopment in the future. The seller is also willing to carry at very favorable terms, which makes this an even more attractive purchase for someone looking for a small investment in the extremely hot Phoenix real estate market.
    Exterior Features

    Construction Other (See Remarks) Covered Parking Spaces 0.00 Exterior Features Corner LotOther (See Remarks) Fencing Other (See Remarks) Freeway Highway Up To 1 Mile Parking Free Railroad Other (See Remarks) Roofing Other (See Remarks) Stories 1 Story Total Parking Spaces 0.00 Uncovered Parking Spaces 0.00

    Interior Features

    Amenities Other (See Remarks) Ceiling Height 8 Feet Or Less10.1 Feet To 12 Feet8.1 Feet To 10 Feet Cooling Other (See Remarks) Flooring ConcreteOther (See Remarks) Heating Other (See Remarks) Interior Features Other (See Remarks)

    Property Features

    Adjusted Gross Inc 42000.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type CommercialOther (See Remarks) Cross Street 16th Street And Indian School Rd Current Use Service BusinessOther (See Remarks)Retail Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 42000.00 Hoa Fee 0.00 Hoa YN No Loading Facilities Other (See Remarks) Lot Number 2 Net Operating Income 42000.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 3892.00 Traffic Count 35001 To 50000 Use Restrictions Currently Leased Vacancy Allowance 0.00 Water City Franchise Zoning C-2

    Listing courtesy of Abi Multifamily.
    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Riddle Realty. Data last updated 2019-02-19T00:16:17.083.
     
    Riddle Realty
    4524 E. Rancho Laredo Dr.
    Cave Creek AZ, 85331