$ 1,200,000
17181726 E McDowell Road Phoenix, AZ 85006
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$ 1,200,000
Est. payment | /mo
0.49 Acres Lot
$ 1,200,000
Est. payment | /mo
0.49 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6763256
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1953
Tax Year 2024
Lot Size 0.494 Acres
Acres 0.49
Property Description
This multi-tenant retail property presents an exceptional investment opportunity in the heart of the ''Miracle Mile.'' The property is situated near the I-10 & SR-51 freeways on McDowell Rd, providing exceptional access and exposure. A new multifamily development, ''The Governor,'' is located across the street and is set to invigorate the neighborhood. This influx of new residents is expected to drive foot traffic and increase demand for retail services, making this property an ideal location for growth. Current tenants have short-term leases, offering a strategic advantage for the new owner to renegotiate and capitalize on increasing market rents. As Miracle Mile continues its transformation, this property stands out as a key player in the area's commercial revitalization.
Location
State AZ
County Maricopa
Zoning C-2
Interior
Heating See Remarks
Cooling See Remarks
Flooring Other
Exterior
Garage Other (See Remarks), Paved Parking
Fence See Remarks
Waterfront No
Roof Type See Remarks
Present Use Retail
Parking Type Other (See Remarks), Paved Parking
Total Parking Spaces 25
Building
Dwelling Type Commercial
Sewer Other
Water Other
Others
Senior Community No
Tax ID 117-16-069
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listed by R.O.I. Properties