INVESTMENT or OWNER/USER OPPORTUNITY

3031 W. Northern Avenue, Phoenix, AZ

$1,450,000

Price

19,782 sqft

Building Size

2.11 acres

Lot Area

Overview
Building Size
19,782 sqft
Lot Area
2.11 acres
Class
B
Year Built
1985
Floors
2
Parking Spots
110
Description

This two-story, redbrick, well designed property is situated on an oversized lot with room for an additional 4,000 SF (+/-) building just south of the existing structure. The owner of this building has been a tenant for approximately 13 years and purchased the property from the previous owner in 2016. Currently, the seller occupies approximately half of the building and will consider occupying up to 9,000 SF for 3-5 years following the close of escrow. Seller is motivated to sell quickly.

Please contact listing broker for more detailed information.

The subject property is located less than a mile west of Interstate 17 ("I-17"), a major north-south arterial which stretches from Downtown Phoenix all the way north into Flagstaff. More commonly known as Daysprings Office Park, this 19,782 SF (+/-) building is situated on the southeast corner of 31st Avenue and Northern Avenue, approximately 8 miles from Downtown Phoenix, with 50,000 (+/-) vehicles per day passing through this signalized intersection.

SRP

-

Highlights
  • Year Built: 1985 (Major Renovations 2016)
  • 19,782 SF (+/-)
  • Two-Story, Red Brick Construction
  • Oversized Lot (2.11 Acres) w/ 6:1,000 Parking Ratio
  • Rents and Occupancy Both Below-Market
  • Tremendous Value-Add Play w/New Ownership
  • Gated Entry Recently Added (+/- $60,000)
  • Motivated Seller Would Prefer a Quick COE; May Lease up to 50% for 3-5 Years
  • Can Add Up To 4,000 SF Additional Building South of Existing
  • Easy Access to I-17, Downtown Phoenix & Airport

Location
Gallery