2925-2927 N 24th St
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2925-2927 N 24th St
4,550 SF 100% Leased Retail Building Phoenix, AZ 85016 $1,075,000 ($236/SF) 8.47% Cap Rate
Investment Highlights
- Completely renovated in 2021
- Easy access to SR 51 and Loop 202
- Adjacent to CVS
- Tenants can vacate for owner-user
Executive Summary
PLEASE DO NOT DISTURB TENANTS. Great traffic counts and neighbors - situated just half a mile from the SR 51 freeway onramp. Immediate area undergoing revitalization. Property fronts 24th Street just north of Thomas Road abutting CVS. 24th Street is a major road with three lanes each direction and a central turning lane.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,550 SF
Building Class
C
Year Built
1948
Price
$1,075,000
Price Per SF
$236
Cap Rate
8.47%
NOI
$91,020
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.59
Lot Size
0.18 AC
Zoning
C-2, Phoenix
Parking
7 Spaces (1.54 Spaces per 1,000 SF Leased)
Frontage
63 FT on N. 24th
Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 119-16-101A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $42,883 |
PROPERTY TAXES
Parcel Number
119-16-101A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$42,883
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2925-2927 N 24th St
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