1805 W Van Buren St - Storefront Retail/Office FOR SALE
Phoenix, AZ 85007 |
$1,550,000 USD
602-946-4855
1805 W Van Buren St
Phoenix, AZ 85007
HIGHLIGHTS
- Significant Capital Expenditures: The current ownership has invested over $500,000 in capital improvements over the past five years.
- Immediate Value-Add Potential: The property offers substantial value-add opportunities through rent optimization.
- Prime Traffic Corridor: Strategically positioned at the intersection of 19th Ave and Van Buren Street, the property benefits from high visibility.
- Capitol District Advantage: Located minutes from the Arizona State Capitol complex, this property draws significant foot and vehicle traffic.
- Strong Demographic Profile: The surrounding area features robust demographic trends, with a population of over 108,800 residents within 3-miles.
- Major Development Zone: The western part of Downtown Phoenix, including the Capitol District, is experiencing a wave of redevelopment.
FOR SALE DETAILS
PRICE
$1,550,000 USD
PRICE/SF
$164 USD /SF
CAP RATE
7.01%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Capitol Hub
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Industrial Live/Work Unit
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1951
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
0.26 AC
LAND SF
11,326 SF
ZONING
C-G
APN/PARCEL ID
112-01-030,112-01-031
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602-946-4855
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602-946-4855
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