$1,898,615
$2,050,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
0.36 Acres Lot
SOLD DATE : 05/31/2020
Key Details
Sold Price $1,898,615
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Scottsdale High Parcel B Mod
MLS Listing ID 6019743
Sold Date 05/31/20
Year Built 2000
Annual Tax Amount $21,217
Tax Year 2019
Lot Size 0.355 Acres
Acres 0.36
Lot Dimensions 166 X 92
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
This +-6,646 SF Free standing retail building, multiple tenant NET LEASE property has 3 long term tenants (Paris Ultraclub, Simon's Hot Dogs, Fantasia Salon). Perfect for a 1031 investor looking for a consistent monthly cash flow. Consistently 100% occupied. Stand-alone single story with abundant parking is located in an outstanding demographic area, including an average household income of $123,158. Close to old town Scottsdale, Scottsdale Fashion Square, many restaurants, hotels & retail amenities. High traffic intersection at Indian School/Drinkwater of 42,400 cars per day. Newer building (2000) in good condition, 6% CAP Rate.
Location
State AZ
County Maricopa
Community Scottsdale High Parcel B Mod
Zoning CommercialD/OR2
Direction East to Drinkwater, North to property
Interior
Heating Electric
Cooling Heat Pump
Flooring Concrete
Exterior
Parking Features Paved Parking, Private Parking, Free
Fence None
Roof Type Built-Up
Present Use Mixed Use,Retail
Total Parking Spaces 18
Building
Sewer Public Sewer
Water City Franchise, Master Meter
New Construction No
Others
Senior Community No
Tax ID 173-51-106-B
Financing Conventional
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Bought with Peak PM LLC
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