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509 W McDowell Rd

13,360 SF 100% Leased Retail Building Phoenix, AZ 85003 $5,500,000 ($412/SF) 5.18% Cap Rate

Retail Space Arizona Phoenix 509 W McDowell Rd, Phoenix, AZ 85003

Executive Summary

3% ASSUMABLE IN-PLACE LOAN
Located near several historic neighborhoods, with 370,000 residents within a 5-mile radius.
High-traffic location with McDowell Road frontage.
Fantastic daytime population and income levels from the nearby Willo and Encanto districts.
Distinctive architecture and excellent street-front location

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
13,360 SF
Building Class
B
Year Built
1956
Price
$5,500,000
Price Per SF
$412
Cap Rate
5.18%
NOI
$284,900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Lot Size
0.59 AC
Zoning
DTC-MCD-1 - Commercial
Parking
40 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
175 FT on W McDowell

Amenities

  • Bus Line
  • Signage
  • Air Conditioning
1 of 1
Walk Score ®
Very Walkable (75)
Bike Score ®
Biker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Pei Wei
Five Guys
MAD Greens
Ahipoki Bowl
The Habit Burger Grill
NY Pizza Department
The Old Spaghetti Factory
BMO
Starbucks
MidFirst Bank

PROPERTY TAXES

Parcel Number 111-31-137A Improvements Assessment $0
Land Assessment $0 Total Assessment $218,626

PROPERTY TAXES

Parcel Number
111-31-137A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$218,626
(480) 294-6582

Contacts

  • Listing ID: 32060136

  • Date on Market: 6/7/2024

  • Last Updated:

  • Address: 509 W McDowell Rd, Phoenix, AZ 85003

More public record information on 509 W McDowell Rd, Phoenix, AZ 85003

The Retail Property at 509 W McDowell Rd, Phoenix, AZ 85003 is currently available for sale. Contact LevRose Real Estate for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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509 W McDowell Rd, Phoenix, AZ for sale Building Photo- Image 1 of 5
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509 W McDowell Rd, Phoenix, AZ for sale Building Photo- Image 2 of 5
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509 W McDowell Rd, Phoenix, AZ for sale Building Photo- Image 3 of 5
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509 W McDowell Rd, Phoenix, AZ for sale Building Photo- Image 4 of 5
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509 W McDowell Rd
(480) 294-6582 x

509 W McDowell Rd

1/3

Trenton McCullough

(480) 294-6582

(480) 294-6582

Branden Mondragon

(480) 289-4234

(480) 289-4234

Danielle Davis

(480) 294-6017

(480) 294-6017

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