$600,000
$599,800
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8,813 Sqft Lot
SOLD DATE : 08/12/2022
Key Details
Sold Price $600,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision University Addition
MLS Listing ID 6426273
Sold Date 08/12/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1910
Annual Tax Amount $2,638
Tax Year 2021
Lot Size 8,813 Sqft
Acres 0.2
Property Description
Location in Downtown Phoenix is amazing -- next to shopping centers, restaurants, central freeways. Hurry - this won't last long - don't miss out on this rare multi property with great pro forma potential and real-estate fundamentals! The property is a 510 square foot restaurant and a 1,286 square foot house. The restaurant is currently occupied by Grand Avenue Pizza Company while the in the single-family home is vacant. The house is gutted and ready for another large business or even two small businesses. Great cap rate with potential cap rate in the double digits if the back building is completed!
Location
State AZ
County Maricopa
Community University Addition
Zoning c-3
Interior
Heating Other
Flooring Concrete
Exterior
Garage Public Parking
Fence Block
Waterfront No
Roof Type See Remarks
Present Use Mixed Use
Parking Type Public Parking
Building
Sewer Other
Others
Senior Community No
Tax ID 111-28-120
Financing Carryback
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