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1825 E Northern Avenue

Phoenix, AZ 85020
  • $7,500,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 6614774
UPDATED: 56 min ago
$7,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 29,800
    SQFT
  • $252
    $/SQFT
Type:
Commercial
Built:
1984
County:
Area:

School Ratings & Info

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 Phoenix.

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Arizona Regional MLS logo© 2023 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 Panozzo Team | HomeSmart. Data last updated 2023-11-28T21:13:32.473.
www.myvalleyhomesearch.com/homes/144178617
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1825 E Northern Avenue Phoenix, AZ 85020

  • Price: $7,500,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 56 min ago
  • MLS #: 6614774
0
Beds
0
Baths
0
½ Baths
N/A
Acres
29,800
SQFT
$252
$/SQFT
1984
Built
County:
Maricopa
Area:
Phoenix
Property 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 Phoenix.
Exterior Features

Attached Garage YN No Construction Materials Frame - Wood Covered Spaces 53 Fencing BlockPartial Open Parking Spaces 70 Parking Features Other (See Remarks)Paved ParkingPublic ParkingFree Road Surface Type DirtAsphalt Roof Built-Up

Interior Features

Cooling Office A/C Heating Electric

Property Features

Building Area Total 29800 Flooring CarpetVinyl Gross Income 655022 Sewer Public Sewer Structure Type CommercialOffice Tax Annual Amount 63483 Tax Year 2022 Water Source City Franchise Zoning R-5

Arizona Regional MLS logo Listing provided by Axis Property Advisors: .


Arizona Regional MLS logo© 2023 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 Panozzo Team | HomeSmart. Data last updated 2023-11-28T21:13:32.473.
 
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