• Opportunity to acquire a ~1.1-acre land site on W McDowell Road, ~3.5 miles west from the heart of Downtown Phoenix. The Property is currently improved with an ~1,500 SF building leased to a used car dealership and a 377 SF car wash building / car wash office. Most of the car wash operations take place in the parking lot. The current improvements represent an FAR of 0.04. Depending on the use, there is the ability to increase density to an FAR of 0.5. • Flexible Zoning | The Property is zoned as “Commercial C-3 District – General Commercial,” which allows for a wide variety of uses. Permitted uses include, but are not limited to, car wash, restaurant/QSR, wholesale grocers, wholesale hardware, self-storage, manufacturing uses, and even certain residential or multi-family uses. • In-Place Tenants | As of April 2024, the current tenant pays $2,200 per month NN (the landlord is responsible for roof / structure). There are two separate leases that are coterminous. The leases expire in March 2029, providing supplemental income to a new owner while working on entitlements/permitting for a new project. The tenant has a Right of First Refusal but was unable to reach the asking price and there are no renewal options. Berkeley Capital Advisors believes a buyout amount could be reached given the low in-place rent, but Buyers need to conduct their own due diligence. • West McDowell Road features over 25,000 vehicles per day in front of the site, and N 35th Ave which is only a block away, features over 33,000 vehicles per day. Nearby retail includes Subway, Burger King, McDonald’s, Raising Caine’s Chicken Fingers, Jack in the Box, Taco Bell, Smart and Final, among others. • There are 394K residents in a 5-mile radius with an average household income of over $80,000.