Phoenix AZ Commercial for Sale
$1,200,000
1718-1726 E McDowell Road Phoenix, AZ 85006
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.49 Acres
- Year built:
- 1953
- Baths:
- MLS#:
- 6763256
View additional info
Courtesy: R.O.I. Properties
602-319-1326
ADDITIONAL INFORMATION
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.
Information deemed reliable but not guaranteed. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Phoenix Real Estate
The median home value in Phoenix, AZ is $413,000. This is lower than the county median home value of $456,600. The national median home value is $338,100. The average price of homes sold in Phoenix, AZ is $413,000. Approximately 52.06% of Phoenix homes are owned, compared to 40.81% rented, while 7.13% are vacant. Phoenix real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Phoenix real estate agent to arrange a tour today!
Phoenix, Arizona 85006 has a population of 1,591,119. Phoenix 85006 is less family-centric than the surrounding county with 30.89% of the households containing married families with children. The county average for households married with children is 31.17%.
The median household income in Phoenix, Arizona 85006 is $64,927. The median household income for the surrounding county is $72,944 compared to the national median of $69,021. The median age of people living in Phoenix 85006 is 34.1 years.
Phoenix Weather
The average high temperature in July is 104.5 degrees, with an average low temperature in January of 43.2 degrees. The average rainfall is approximately 9.2 inches per year, with 0 inches of snow per year.