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Address
2226 W Camelback Road Phoenix, AZ
Price
$ 769,000
Property Attributes
  • MLS#5920608
  • TypeCommercial
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodCamelback Gardens
  • Zip85015
  • StyleAutomobile,Retail
  • Year Built1980
  • Taxes4750
  • Price$ 769,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1041
  • Lot Size0.37 Acres
Listing Provided Courtesy Of:
Century 21 Arizona Foothills
Property Description

Used car lot and used car sales. This property is leased on a NNN lease and is an ideal investment opportunity offering phenomenal 9.3% cap rate. The current tenants lease is up but wants to sign a new 5 year lease if you are looking for an investment. If you are an owner occupier it can be vacant within 30 days. This lot has been consistently leased for years on a triple net lease offering a great return. The previous tenant grossed over $3M per year. Includes mechanics car lift, prominent neon and fluorescent pole sign. Well lit sales area. Holds 52 cars. Prime location on busy Camelback Rd just east of I-17. High traffic count. Next to Discount Tire, near Bill Luke Chrysler Jeep and 3 blocks from the Light Rail. Opposite new mall development.

Price History
5/4/2019 Listed $769,000

General Features

Building Type Commercial
Construction Tilt-Up, Block
Map Code/Grid N33
Ownership Fee Simple
Present Use Automobile, Retail
Property Type D
Status Active
Stories 1 Story
Subdivision CAMELBACK GARDENS
Year Built 1980
Zoning C2

Interior Features

Ceiling Height 8.1 Feet to 10 Feet
Cooling Central A/C, Office A/C
Electric APS, Over 220 Amp, 3 Phase Power
Floors Concrete
Gas None
Heating Electric
Interior Features Finished

Exterior Features

Covered Parking Spcs 0.00
Exterior Features Storage Yard, Pole Sign, Building Sign, Security Light(s)
Fencing Security Fenced Yard
Parking Paved Parking
Roof Foam
Sewer Sewer - Public
Total Parking Spcs 52.00
Uncvrd Parking Spcs 52.00
Water City Franchise

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85015

Price
AVG $860K
$770K
Taxes
AVG $11,000
$4,750
Visits
AVG 62
9
Year Built
AVG 1971
1980

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