$1,150,000
$1,500,000
23.3%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 05/25/2023
Key Details
Sold Price $1,150,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Thomas Place
MLS Listing ID 6519979
Sold Date 05/25/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1962
Annual Tax Amount $5,869
Tax Year 2022
Lot Size 0.275 Acres
Acres 0.28
Property Description
Attention Investors! A rare opportunity to own prime commercial real estate with multiple income streams. This property consists of three parcels with frontage to 7th street, providing high visibility, traffic, and accessibility to your business.
The highlight of this property is the auto shop that can be divided into two separate offices, providing you with the versatility to continue operating the 1,000+ built in clientele of the Auto Shop and lease the second retail/office space in that building. In addition to the offices, the property features a spacious work garage, ideal for any mechanic, carpenter, machinist or tradesman to run their operations. This warehouse on the property is perfect for storage or light manufacturing and has plenty of room for expansion. Three spacious bays, with functioning lifts for each bay, make running your mechanic business, both efficient and highly functional. This Auto Shop is set up for success!
The property also includes a duplex, which is currently being used as a Short Term Rental, providing you with a steady stream of income. The value and potential of this property is added once again with a house on the lot that can be used for additional rental income or as a home for a live-in business owner.
This unique commercial property is a fantastic investment opportunity, with multiple revenue streams, high visibility, and a high traffic location. Don't miss out on the chance to own this versatile property in one of the most sought after locations in the Valley. Contact us today to schedule a showing!
Location
State AZ
County Maricopa
Community Thomas Place
Zoning C-2
Direction AZ-51 S to N 7th St. Take exit 3 for Indian School. Keep right at fork. Turn left on 7th ST. Destination is on the right.
Interior
Heating Natural Gas
Cooling Office Evap, Central A/C
Flooring Concrete
Exterior
Garage Paved Parking, Private Parking, Free, Fenced
Fence Chain Link, Wood
Waterfront No
Roof Type Composition,Foam
Present Use Mixed Use,Warehouse,Automobile,Office
Total Parking Spaces 16
Building
Sewer Public Sewer
Water Individual Meter
Others
Senior Community No
Tax ID 118-24-146-A
Financing Cash
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Bought with Desert North Realty
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