$1,350,000
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1.04 Acres Lot
SOLD DATE : 09/01/2021
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6244195
Sold Date 09/01/21
Year Built 1965
Annual Tax Amount $24,878
Tax Year 2020
Lot Size 1.045 Acres
Acres 1.04
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Redevelopment opportunity in Opportunity Zone, directly across from Christown Mall, which is planned for a massive mixed-use redevelopment. This +12,027 SF Mid-Century Modern, professional medical office building, designed by H.H. Green is available for sale. Situated near the high traffic
intersection of 19th Avenue and Bethany Home Rd., this property offers valuable frontage along 19th Ave., with access to the 19th Ave & Montebello light rail station, the 3rd most popular station in the city! Close proximity to Abrazo Central Campus, and Grand Canyon University, and
less than 1 mile from the I-17. This opportunity is ideal for an investor looking to generate an 7.66% CAP with the existing medical tenants, or a redeveloper looking to take advantage of a growing area of Central Phoenix a enjoy the income in the interim. There may be an opportunity for
assemblage as well.
Location
State AZ
County Maricopa
Zoning C2
Direction I-17 to Bethany Home Road., head West on Bethany Home Road to 19th Avenue and head South. Property is situated on the West side of the road directly across from Wells Fargo.
Interior
Heating Other, See Remarks
Cooling Other, See Remarks
Flooring Other
Exterior
Parking Features Other
Fence Other, See Remarks
Roof Type Other
Total Parking Spaces 50
Building
Sewer Other
Water Other, See Remarks
New Construction No
Others
Senior Community No
Tax ID 153-08-079-N
Financing Other
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Bought with Non-MLS Office