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1348 E Indian School Road

Phoenix, AZ 85014
  • $650,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 6290501
UPDATED: 4 min ago
$650,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,851
    SQFT
  • $169
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

This NNN investment property is located in the heart of CentralPhoenix right on the major arterial, Indian School Road. Situated lessthan half a mile from the 51Freeway, the building is just minutes tothe Biltmore area and the extremely popular 7th Street corridors inboth Midtown and Uptown. This property has great visibility alongIndian School Road with over 40,000 cars per day at this location. Thedemographics of the dense surrounding area are very attractive forany future potential user. With tons of residential and commercial usesin the area, as well as its location on a major thoroughfare used bycommuters both to and from school and work each day, this propertyis very attractive for many types of uses and investors.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, as well as a woodworking company. This NNN investment offers stable income in a very well located, infill area surrounded by many top quality commercial and retail developments. There are very few "bite-sized" investment opportunities in this submarket and this site offers an 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

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© 2021 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 West USA Realty. Data last updated 2021-10-19T11:13:11.367.
www.househelpersaz.com/homes/121227379
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1348 E Indian School Road Phoenix, AZ 85014

  • Price: $650,000
  • Status: Active
  • Updated: 4 min ago
  • MLS #: 6290501
0
Beds
0
Baths
0
½ Baths
0.12
Acres
3,851
SQFT
$169
$/SQFT
1950
Built
Neighborhood:
Liberty Place
County:
Maricopa
Area:
Phoenix
Property Description
This NNN investment property is located in the heart of CentralPhoenix right on the major arterial, Indian School Road. Situated lessthan half a mile from the 51Freeway, the building is just minutes tothe Biltmore area and the extremely popular 7th Street corridors inboth Midtown and Uptown. This property has great visibility alongIndian School Road with over 40,000 cars per day at this location. Thedemographics of the dense surrounding area are very attractive forany future potential user. With tons of residential and commercial usesin the area, as well as its location on a major thoroughfare used bycommuters both to and from school and work each day, this propertyis very attractive for many types of uses and investors.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, as well as a woodworking company. This NNN investment offers stable income in a very well located, infill area surrounded by many top quality commercial and retail developments. There are very few "bite-sized" investment opportunities in this submarket and this site offers an 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
Exterior Features

Construction Other (See Remarks) Covered Parking Spaces 0.00 Exterior Features Corner LotOther (See Remarks) Fencing OtherSee 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 10.1 Feet To 12 Feet8 Feet Or Less8.1 Feet To 10 Feet Cooling OtherSee Remarks Flooring ConcreteOther Heating OtherSee Remarks Interior Features Other (See Remarks)

Property Features

Adjusted Gross Inc 54984.00 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 1700.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type CommercialOther (See Remarks) Cross Street 7th Street And Indian School Rd Current Use OtherRetailSee RemarksService Business Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 54984.00 Hoa Fee 0.00 Hoa YN No Loading Facilities Other (See Remarks) Lot Number 2 Net Operating Income 48700.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 4703.00 Traffic Count 35001 To 50000 Use Restrictions Currently Leased Vacancy Allowance 0.00 Water City Franchise Zoning C-2

Listing courtesy of Abi Multifamily.


© 2021 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 West USA Realty. Data last updated 2021-10-19T11:13:11.367.
 
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West USA Realty
2340 E. Beardsley Rd. #110
Phoenix AZ, 85024