Unique Investment Opportunity! This .54 acres (23,558 sf) property can be (a) an investment; (b) a an assemblage, or (c) an owner/user; Property manage 29 bays, 9 storage spaces, 6 auto lifts and 1 paint booth; 12,264 sf under roof; traffic count 27,123 cars/day; CAP RATE 7.2%; Rental Prices can be increased; Melrose District; C-3 Zoning is grandfathered in; otherwise: C-2 Zoning; 7th Avenue & Glenrosa upgraded by City of Phoenix; Newer power poles, sidewalks and canopies; 7th Ave Overlay District allows more parking; close to Camelback Road; Vibrant area; Arts district area; half .5 mile from light rail and Central Ave.
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Listing Courtesy of LRA Real Estate Group, LLC
