$650,000
$769,000
15.5%For more information regarding the value of a property, please contact us for a free consultation.
2226 W CAMELBACK Road Phoenix, AZ 85015
0.37 Acres Lot
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
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