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$1,030,000
2612 N 7th St, Phoenix, AZ 85006
0 Beds
0 Baths
4,001 sqft

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Office/Retail Building for sale. This unique building flexes betweenoffice use or retail use with frontage along 7th street. Perfect for an investor!This is priced at a 6.0% CAP Rate. There are 4 covered parking spaces in the rear of the building for employees, and a total of 8 open parking spaces in front of the building. Interior build out is fresh and exciting with exposed duct work and 'wood look' ceramic tile gives a terrific modern feel to the space.Tenant just signed a 5 year lease with 3% bumps year over year. A 5 year renewal option is available as well.
  • Price:
  • $1,030,000
  • Square Footage:
  • 4,001
  • Acreage:
  • 0.25
  • Year Built:
  • 1971
  • Listing ID #:
  • 6237503
  • Street Address:
  • 2612 N 7th St
  • City:
  • Phoenix
  • State:
  • Arizona
  • Postal Code:
  • 85006
  • County:
  • Maricopa
  • Subdivision:
  • Ormes Addition
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial
  • Amenities:
  • Conference Room, Kitchen
  • Ceiling Height:
  • 10.1 Feet To 12 Feet, 8.1 Feet To 10 Feet
  • Construction Description:
  • Block, Other (see Remarks)
  • Dwelling Type:
  • Commercial, Office, Other (see Remarks)
  • Flooring:
  • Ceramic Tile
  • Interior Features:
  • Finished, Private Restrooms
  • Stories:
  • 1 Story
  • Total Building Square Footage:
  • 4001
  • Type Of Roof:
  • Rolled
  • Year Built:
  • 1971
  • Adjusted Gross Income:
  • 70122.00
  • Net Operating Income:
  • 61833.00
  • Operating Expense:
  • 7200.00
  • Conforms To Zoning:
  • C-2
  • Existing Land Use:
  • Office, Retail
  • Lot Square Footage:
  • 10707.00
  • Ownership:
  • Fee Simple
  • Property Taxes:
  • $7,200
  • Covered Parking Spaces:
  • 4.00
  • Parking Description:
  • Free, Paved Parking
  • Parking Spaces:
  • 12.00
  • Uncovered Parking Spaces:
  • 8.00
  • Cooling System:
  • Central A/C
  • Electricity:
  • Aps
  • Existing Water:
  • City Franchise
  • Heating:
  • Heat Pump
  • Sewage Type:
  • Sewer - Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listings Provided by Commercial Property Connect
  • ARMLS

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