4227 S Central Avenue

Estimated Monthly Payment: $16,471/mo 4227 S Central Avenue, Phoenix, AZ 85040 MLS# 5765969 Commercial/Industrial for Sale Listing Status: Active

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REMARKS:

GROCERY ANCHORED INVESTMENT OPPORTUNITY. RARE OPPORTUNITY TO ACQUIRE RANCHO GRANDE PLAZA. A NEIGHBORHOOD STRIP CENTER LOCATED IN THE HEART OF DOWNTOWN PHOENIX.100% FULL. NET OPERATING INCOME OF $209,776.00 PER YEAR. RANCHO GRANDE MARKET THE MAJOR TENANT SINCE 1996 HAS RECENTLY SIGNED A NEW 10 YEAR LEASE. GREAT TRAFFIC FLOW. 43,000 CARS PER DAY PASS. ALL TENENTS ARE ON NNN. LEASES. REMOLDED IN 2015. PROPERTY SITS ON 2.28 ACRES. CORNER INTERSECTION OF CENTRAL AND BROADWAY. PRICED AT ONLY $123 PER SQ. FT. GREAT MONUMENTAL SIGNAGE.

OVERVIEW:

Commercial/Industrial for Sale
Active
Foam
1956
Block
Paved Parking
1 Story
Other (See Remarks)
Central A/C
Individual Meter
Sewer - Public

FEATURES:

Other (See Remarks)
Other (See Remarks)
Concrete

FINANCIAL:

$3,000,000
$33,487
2016

NEIGHBORHOOD & SCHOOL INFORMATION:

Courtesy of Arizona Estate Investors

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Russ Lyon Sotheby's International Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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