Unique Investment Opportunity! This .54 acres (23,558 sf) property can be (a) an investment; (b) a an assemblage, or (c) an owner/user; Property manage 29 bays, 9 storage spaces, 6 auto lifts and 1 paint booth; 12,264 sf under roof; traffic count 27,123 cars/day; CAP RATE 7.2%; Rental Prices can be increased; Melrose District; C-3 Zoning is grandfathered in; otherwise: C-2 Zoning; 7th Avenue & Glenrosa upgraded by City of Phoenix; Newer power poles, sidewalks and canopies; 7th Ave Overlay District allows more parking; close to Camelback Road; Vibrant area; Arts district area; half .5 mile from light rail and Central Ave.
Courtesy of: LRA Real Estate Group, LLC The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the ARMLS. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 18th October, 2021 2:15 PM
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