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2612 N 7TH Street

Phoenix, AZ 85006
  • $1,030,000
  • STATUS: Active
  • ON SITE: 65 days
  • MLS #: 6237503
UPDATED: 42 min ago
$1,030,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,001
    SQFT
  • $257
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1971
County:
Area:

School Ratings & Info

Description

Office/Retail Building for sale. This unique building flexes betweenoffice use or retail use with frontage along 7th street. Perfect for an investor!This is priced at a 6.0% CAP Rate. There are 4 covered parking spaces in the rear of the building for employees, and a total of 8 open parking spaces in front of the building. Interior build out is fresh and exciting with exposed duct work and 'wood look' ceramic tile gives a terrific modern feel to the space.Tenant just signed a 5 year lease with 3% bumps year over year. A 5 year renewal option is available as well.

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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 The Newman Team | Realty ONE Group. Data last updated 2021-07-23T13:16:33.18.
www.newmansoldmyhome.com/homes/117328501
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2612 N 7TH Street Phoenix, AZ 85006

  • Price: $1,030,000
  • Status: Active
  • Updated: 42 min ago
  • MLS #: 6237503
0
Beds
0
Baths
0
½ Baths
0.25
Acres
4,001
SQFT
$257
$/SQFT
1971
Built
Neighborhood:
Ormes Addition
County:
Maricopa
Area:
Phoenix
Property Description
Office/Retail Building for sale. This unique building flexes betweenoffice use or retail use with frontage along 7th street. Perfect for an investor!This is priced at a 6.0% CAP Rate. There are 4 covered parking spaces in the rear of the building for employees, and a total of 8 open parking spaces in front of the building. Interior build out is fresh and exciting with exposed duct work and 'wood look' ceramic tile gives a terrific modern feel to the space.Tenant just signed a 5 year lease with 3% bumps year over year. A 5 year renewal option is available as well.
Exterior Features

Construction BlockOther (See Remarks) Covered Parking Spaces 4.00 Fencing Other Freeway Highway 1.1 - 2 Miles Parking FreePaved Parking Roads AsphaltCurb(S) & Gutter(S)Sidewalk(S) Roofing Rolled Stories 1 Story Total Parking Spaces 12.00 Uncovered Parking Spaces 8.00

Interior Features

Amenities Conference RoomKitchen Ceiling Height 10.1 Feet To 12 Feet8.1 Feet To 10 Feet Cooling Central A/C Flooring Ceramic Tile Heating Heat Pump Interior Features FinishedPrivate Restrooms

Property Features

Adjusted Gross Inc 70122.00 Building Type CommercialOfficeOther (See Remarks) Cross Street 7th St And Virgina Current Use OfficeRetail Electric Aps Gas None Gross Annual Sch Inc 70122.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 33 Net Operating Income 61833.00 Operating Exp 7200.00 Other Income 0.00 Ownership Fee Simple Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 7200.00 Vacancy Allowance 0.00 Water City Franchise Zoning C-2

Listing courtesy of Commercial Property Connect.


© 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 The Newman Team | Realty ONE Group. Data last updated 2021-07-23T13:16:33.18.
 
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The Newman Team | Realty ONE Group
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