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Auto Repair Facility, Redevelopment Opportunity

Listing was updated on: 08/05/2019
Auto Repair Facility, Redevelopment Opportunity Auto Repair Facility, Redevelopment Opportunity Auto Repair Facility, Redevelopment Opportunity Auto Repair Facility, Redevelopment Opportunity Auto Repair Facility, Redevelopment Opportunity Auto Repair Facility, Redevelopment Opportunity Auto Repair Facility, Redevelopment Opportunity Auto Repair Facility, Redevelopment Opportunity

Property Overview

Price/Rent PSF $ 1,200,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 12,265
Date Available 08/05/2019
Additional URL Link
Floors 1
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Description

Location
Phoenix location characteristics

Subject Property Location

The subject property is located at 635 W Glenrosa in the City of Phoenix, Maricopa County, Arizona. The subject property is North of the City Center and is a very good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is very good and in redevelopment in terms of retail, commercial and residential use. The subject benefits from busy commuter and local traffic along 7th Avenue. The area is anticipated to experience growth in the foreseeable future due to its location in the trendy Melrose District.

Metro Phoenix Location

The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.


Sale
Unique Investment and Redevelopment Opportunity! Across street from the new 'The Curve at Melrose' luxury apartments. The highest and best use is redevelopment, Melrose District.

Current Use: property consists of 15 spaces, 6 auto lifts and 1 paint booth; 12,264 sf under roof; traffic count 27,123 cars/day; Rental Prices can be increased; Melrose District; C-3 Zoning is grandfathered in; otherwise: C-2 Zoning; 7th Avenue & Glenrosa upgraded by City of Phoenix; Newer power poles, sidewalks and canopies; 7th Ave Overlay District allows more parking; close to Camelback Road; Vibrant area; Arts district area; half .5 mile from light rail and Central Ave.

Location

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