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1825 E NORTHERN Avenue,  Phoenix AZ, 85020

(Active)
$7,500,000
|
29,800 sqft
|
MLS# 6614774
Last Updated: 5/15/2024 5:40 AM
Description for 1825 E NORTHERN Avenue Phoenix, AZ 85020
Don't miss out on a rare opportunity to own the landmark Vista De Loma buildings. This 30,000 SF, mission-style commercial office complex consists of 3 buildings and is located at 1825 E Northern Ave in North Central Phoenix. It is a multi-tenant project and fully occupied with 1-3 year gross leases and professional management in place, offering steady rental income and an attractive return on investment. Most exciting, however, is the pre-existing, high-density multi-family, R-5 zoning designation. At over a 5 cap including professional management and a full time maintenance employee, the potential for redevelopment is palpable. Situated on a spacious 2.44-acre plot of land, the lot boasts unbeatable views of Piestewa Peak and is located in one of the most desirable areas in
Price
$7,500,000
Maricopa
29,800 (approx)
6614774
Active
Description
Don't miss out on a rare opportunity to own the landmark Vista De Loma buildings. This 30,000 SF, mission-style commercial office complex consists of 3 buildings and is located at 1825 E Northern Ave in North Central Phoenix. It is a multi-tenant project and fully occupied with 1-3 year gross leases and professional management in place, offering steady rental income and an attractive return on investment. Most exciting, however, is the pre-existing, high-density multi-family, R-5 zoning designation. At over a 5 cap including professional management and a full time maintenance employee, the potential for redevelopment is palpable. Situated on a spacious 2.44-acre plot of land, the lot boasts unbeatable views of Piestewa Peak and is located in one of the most desirable areas in
Listing Information
Property Type: Office, Business Opportunities, 2 Story
29,800 (approx) 1984 2
Wood frame
3N//
City Franchise
Sewer - Public
Office
Neighborhood
Room Information
Interior Features
Vinyl, Carpet
Other
Electric Heating
Security Light(s),Security Camera(s)
Finished,Finished to Suit,Fire Sprinklers,Public Restrooms
Exterior / Lot Features
123 Parking Spaces, 53 Covered Parking Spaces, Free,Other (See Remarks),Paved Parking,Public Parking
Wood, Frame
Built Up
1000' x 200'
Front - Frontage,Up to 1 Mil
R-5
Block,Partial
Building Sign,Landscaping,Security Camera(s),Security Light(s)
Community Features
Security Light(s),Security Camera(s)
Driving Directions
East toward 51. South side of road. Long white mission style arched building from 18th-20th st.
Financial Considerations
Fee Simple
63483.00;
Listing Price History

Phoenix Real Estate

Phoenix is located in Arizona. Phoenix, Arizona 85020 has a population of 1,629,970.

The median household income in Phoenix, Arizona 85020 is $62,830. The median household income for the surrounding county is $68,280 compared to the national median of $66,222. The median age of people living in Phoenix 85020 is 37 years.

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Courtesy: AXIS Property Advisors

Information deemed reliable but not guaranteed. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
The ARMLS logo indicates a property listed by a real estate brokerage other than this broker.
This content last refreshed on 5/15/2024 5:40 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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