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2540 E INDIAN SCHOOL Road Phoenix, AZ 85016
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Key Details
Sold Price $499,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Hoffman Terrace 2
MLS Listing ID 6588225
Sold Date 09/06/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1950
Annual Tax Amount $4,644
Tax Year 2022
Lot Size 8,497 Sqft
Acres 0.2
Property Description
SINGLE TENANT INVESTMENT SALE | ±6.1% CAP RATE | RECENTLY SIGNED 3 YEAR RENEWAL WITH ESTABLISHED TENANT | RARE, SMALL FREESTANDING OFFICE BUILDING | FRONTAGE ON INDIAN SCHOOL ROAD | IN DESIRABLE BILTMORE/ARCADIA SUBMARKET |
HEAVILY RENOVATED IN 2014 WITH EXPOSED DUCT WORK AND HIGH-END IMPROVEMENTS | C-2 ZONING, CITY OF PHOENIX | FLEXIBLE OPEN BUILDOUT SUITABLE FOR VARIOUS USES- OFFICE,RETAIL, SHOWROOM ETC
Location
State AZ
County Maricopa
Community Hoffman Terrace 2
Zoning C-2
Interior
Heating Other
Exterior
Garage Other (See Remarks)
Fence Other
Waterfront No
Roof Type See Remarks
Present Use Mixed Use, Office
Parking Type Other (See Remarks)
Total Parking Spaces 6
Building
Sewer Other
Others
Senior Community No
Tax ID 163-06-065
Financing Other
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