4227 S Central Avenue

    Phoenix, AZ 85040
    • $3,000,000
    • STATUS: Active
    • ON SITE: 280 days
    • MLS #: 5765969
    $3,000,000
    • 0
      BEDS
    • 2.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,663
      SQFT
    • $122
      $/SQFT
    Type:
    Commercial
    Built:
    1956
    County:
    Area:

    School Ratings & Info

    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.

    Monthly Payment Calculator

    © 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/83566804

    4227 S Central Avenue Phoenix, AZ 85040

    • Price: $3,000,000
    • Status: Active
    • MLS #: 5765969
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.28
    Acres
    24,663
    SQFT
    $122
    $/SQFT
    1956
    Built
    County:
    Maricopa
    Area:
    Phoenix
    Property 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.
    Exterior Features

    Construction Block Covered Parking Spaces 0.00 Exterior Features Other (See Remarks) Fencing Other (See Remarks) Parking Paved Parking Roads Asphalt/BlacktopCurb(S) & Gutter(S) Roofing Foam Stories 1 Story Total Parking Spaces 144.00 Uncovered Parking Spaces 144.00

    Interior Features

    Ceiling Height 14.1 Feet To 16 Feet Cooling Central A/C Flooring Concrete Heating Other (See Remarks) Interior Features Other (See Remarks)

    Property Features

    Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 6002.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 8819.00 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 Auction No Building Type Commercial Cross Street Central And Broadway. Current Use Retail Electric Srp Gas None Gross Annual Sch Inc 0.00 Hoa Fee 0.00 Hoa YN No Loading Facilities Other (See Remarks) Lot Number 113-13-085F Net Operating Income 209776.00 Operating Exp 48308.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 33487.00 Traffic Count 35001 To 50000 Vacancy Allowance 5.00 Water Individual Meter Zoning C-G

    Listing courtesy of Arizona Estate Investors.
    © 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