Description
This large commercial property is situated on 4 parcels approx. 4.00 acres total in downtown Phoenix, in an OPPORTUNITY ZONE!, Zoned C-3 and is currently used for a car dealership on the 2 parcels on Buckeye Road and the other 2 lots on Yuma Street have a semi repair shop with a billboard rental that brings in additional monthly income and the other parcel is used by towing company. This sale includes Parcel #'s 105-07-149,105-07-150, 105-07-152, and 105-07-153. Located at frontage road to I-17 and Buckeye Road, and has easy access to 1-10, the light rail, Downtown Phoenix with new developments in the vicinity. One tenant (car dealership) would like to continue with new lease, one tenant is month to month as well as the billboard rental is MTM, the other tenant has 2 more years left on lease. Lots of upside potential as current use or possible multifamily development.
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0BEDS
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1.06ACRES
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0BATHS
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01/2 BATHS
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2,656SQFT
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$1,826$/SQFT
School Ratings & Info
Description
This large commercial property is situated on 4 parcels approx. 4.00 acres total in downtown Phoenix, in an OPPORTUNITY ZONE!, Zoned C-3 and is currently used for a car dealership on the 2 parcels on Buckeye Road and the other 2 lots on Yuma Street have a semi repair shop with a billboard rental that brings in additional monthly income and the other parcel is used by towing company. This sale includes Parcel #'s 105-07-149,105-07-150, 105-07-152, and 105-07-153. Located at frontage road to I-17 and Buckeye Road, and has easy access to 1-10, the light rail, Downtown Phoenix with new developments in the vicinity. One tenant (car dealership) would like to continue with new lease, one tenant is month to month as well as the billboard rental is MTM, the other tenant has 2 more years left on lease. Lots of upside potential as current use or possible multifamily development.
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