Phoenix, AZ 85015,2226 W CAMELBACK Road
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Phoenix, AZ 85015,2226 W CAMELBACK Road
Phoenix, AZ 85015,2226 W CAMELBACK Road
Phoenix, AZ 85015,2226 W CAMELBACK Road
Phoenix, AZ 85015,2226 W CAMELBACK Road

$650,000

Est. payment /mo

$769,000

15.5%
Est.Price: ?

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2226 W CAMELBACK Road Phoenix, AZ 85015

0.37 Acres Lot

SOLD DATE : 05/28/2020

Key Details

Sold Price $650,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Camelback Gardens

MLS Listing ID 5920608

Sold Date 05/28/20

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1980

Annual Tax Amount $4,750

Tax Year 2018

Lot Size 0.371 Acres

Acres 0.37

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 10.14% cap rate. The current tenants lease is up but wants to sign a new 5 year Triple Net 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.

Location

State AZ

County Maricopa

Community Camelback Gardens

Zoning C2

Direction West on Camelback from 19th Ave or East from I-17.

Interior

Heating Electric

Cooling Office A/C, Central A/C

Flooring Concrete

Exterior

Parking Features Paved Parking

Fence Security

Roof Type Foam

Present Use Retail, Automobile

Total Parking Spaces 52

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 153-25-065-A

Financing Other

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Bernadette Rodriguez

Bernadette Rodriguez

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Arizona Regional MLS (ARMLS)
Listed by Century 21 Arizona Foothills
Bought with Investar Real Estate Specialists
agent

Bernadette Rodriguez

Agent | License ID: SA692216000

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