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Joe Fear

[email protected] +1(480) 630-2259

$ 7,500,000

Est. payment -/mo

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1825 E NORTHERN Avenue Phoenix, AZ 85020

2 Sqft Lot

UPDATED:

10/30/2024 05:39 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6614774

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1984

Annual Tax Amount $63,483

Tax Year 2022

Lot Size 2 Sqft

Lot Dimensions 1000' x 200'

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.

Location

State AZ

County Maricopa

Zoning R-5

Direction East toward 51. South side of road. Long white mission style arched building from 18th-20th st.

Interior

Heating Electric

Cooling Office A/C

Flooring Carpet, Vinyl

Exterior

Garage Other (See Remarks), Paved Parking, Public Parking, Free

Fence Block, Partial

Waterfront No

Roof Type Built-Up

Present Use Office

Parking Type Other (See Remarks), Paved Parking, Public Parking, Free

Total Parking Spaces 123

Building

Dwelling Type Commercial,Office

Sewer Public Sewer

Water City Franchise

Others

Senior Community No

Tax ID 165-19-002-S

Listed by AXIS Real Estate

Joe Fear

Agent | License ID: SA677209000

+1(480) 630-2259

Joe Fear

1825 E NORTHERN Avenue Phoenix, AZ 85020

Key Details

Location

Interior

Exterior

Building

Others

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1825 E NORTHERN Avenue