Don't miss out on a rare opportunity to own the landmark Vista De Loma buildings. This 30, 000 SF, mission-style commercial office complex consists of 3 buildings and is located at 1825 E Northern Ave in North Central Phoenix. It is a multi-tenant project and fully occupied with 1-3 year gross leases and professional management in place, offering steady rental income and an attractive return on investment. Most exciting, however, is the pre-existing, high-density multi-family, R-5 zoning designation. At over a 5 cap including professional management and a full time maintenance employee, the potential for redevelopment is palpable. Situated on a spacious 2.44-acre plot of land, the lot boasts unbeatable views of Piestewa Peak and is located in one of the most desirable areas in Phoenix.
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Listing Snapshot
Price
$7,500,000
Days Online
203 Days
Bedrooms
N/A
Inside Area (SqFt)
29,800 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1984
MLS® Number
6614774
Status
Active
Property Tax
$63,483
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
7 months ago
Listing first seen online
General Features
Building Features
Public Elevator(s)Conference RoomReception Room
Parking
Other ( See Remarks)Paved ParkingPublic ParkingFree
Parking Spaces
123
Sewer
Public Sewer
Acreage
0
Cross Street
16th St & Northern
Attached Garage
No
Zoning
R-5
Interior Features
Cooling
Office A/ C
Flooring
CarpetVinyl
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Exterior Features
Roof
Built- Up
Community Features
Township
3N
Building Features
Public Elevator(s)Conference RoomReception Room
Listing courtesy of AXIS Property Advisors.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data Last Update: 2024-04-27 12:40 PM UTC
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