1825 E Northern Avenue, Phoenix, AZ 85020
- $7,500,000
- 29,800
- SqFt
- List Price
- $7,500,000
- Days on Market
- 65
- Status
- ACTIVE
- MLS#
- 6614774
- City
- Phoenix
- Living SQFT
- 29,800
- Lot Size
- 53
- Year Built
- 1984
Property Description
Don't miss out on a rare opportunity to own the landmark Vista De Loma buildings. This 30,000 SF, mission-style commercial office complex consists of 3 buildings and is located at 1825 E Northern Ave in North Central Phoenix. It is a multi-tenant project and fully occupied with 1-3 year gross leases and professional management in place, offering steady rental income and an attractive return on investment. Most exciting, however, is the pre-existing, high-density multi-family, R-5 zoning designation. At over a 5 cap including professional management and a full time maintenance employee, the potential for redevelopment is palpable. Situated on a spacious 2.44-acre plot of land, the lot boasts unbeatable views of Piestewa Peak and is located in one of the most desirable areas in Phoenix.
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Additional Information
- Construction
- Frame - Wood
- Cooling
- Office A/C
- Electric
- APS, Master Meter
- Fencing
- Block, Partial
- Floors
- Carpet, Vinyl
- Gas
- None
- Guest House SqFt
- 123
- Heating
- Electric
- Living Area
- 29,800
- Lot Size
- 53
- Parking
- Free, Other (See Remarks), Paved Parking, Public Parking
- Roofing
- Built-Up
- Sewer
- Sewer - Public
- Stories
- 2 Stories
- Taxes
- $63,483
- Water
- City Franchise
- Zoning
- R-5
Mortgage Calculator
Listing courtesy of AXIS Property Advisors.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved.