$1,150,000
Phoenix, AZ 85014
MLS# 6519979
Status: Closed
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Property Description
Attention Investors! A rare opportunity to own prime commercial real estate with multiple income streams. This property consists of three parcels with frontage to 7th street, providing high visibility, traffic, and accessibility to your business. The highlight of this property is the auto shop that can be divided into two separate offices, providing you with the versatility to continue operating the 1,000+ built in clientele of the Auto Shop and lease the second retail/office space in that building. In addition to the offices, the property features a spacious work garage, ideal for any mechanic, carpenter, machinist or tradesman to run their operations. This warehouse on the property is perfect for storage or light manufacturing and has plenty of room for expansion.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,150,000
Sold Price: $1,150,000
Status: Closed
List Date: 2023-02-13
Location, Tax & Legal
Assessor's Map #: 24
Legal Description (Abbrev): LOT 12 BLOCK 6 THOMAS PLACE MCR 000367
Assessor's Parcel #: 146
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 110502
Taxes: 5869
Legal: LOT 12 BLOCK 6 THOMAS PLACE MCR 000367
Map Code/Grid: P34
House Number: 3800
Compass: N
Street Name: 7TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 5004
County Code: Maricopa
Subdivision: THOMAS PLACE
Assessor Number: 118-24-146-A
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 7530
# of Buildings: 4
Uncvrd Parking Spcs: 16
Year Built: 1962
Zoning: C-2
Legal Info
Range: 3E
Section: 29
Township: 2N
Lot Number: 12
Construction
Block: 1
Roofing
Composition: 1
Foam: 1
Floors
Concrete: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5869
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Office: 1
Other (See Remarks): 1
Business Type
Mixed: 1
Automobile: 1
Professional/Office: 1
Warehouse: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 1500000
Total Owed: 0
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
14.1 Feet to 16 Feet: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Office Evap: 1
Interior Features
Finished: 1
Smoke Detector(s): 1
Security System: 1
Security Light(s): 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Building Sign: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
35,001 to 50,000: 1
Fencing
Wood: 1
Chain Link: 1
Water Source
Individual Meter: 1
Freeway/Highway
1.1 - 2 Miles: 1
Building Features
Conference Room: 1
Reception Room: 1
Showroom: 1
Showers - Office: 1
Security Gate: 1
Sewer
Sewer - Public: 1
Parking Features
Fenced: 1
Free: 1
Private: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
SBA: 1
Reports/Disclosures
None: 1
Other (See Remarks): 1
Environmental
None: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 7TH ST & Clarendon
Directions: AZ-51 S to N 7th St. Take exit 3 for Indian School. Keep right at fork. Turn left on 7th ST. Destination is on the right.
Geo Lat: 33.49131
Geo Lon: -112.065378
Status Change Info
Off Market Date: 2023-05-26
Under Contract Date: 2023-03-24
Close of Escrow Date: 2023-05-25
Sold Price: $1,150,000
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Business Type: Mixed; Automobile; Professional/Office; Warehouse
Stories: 1 Story
Construction: Block
Roofing: Composition; Foam
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet; 14.1 Feet to 16 Feet
Heating: Natural Gas
Cooling: Central Air; Office Evap
Loading Facilities: None
Interior Features: Finished; Smoke Detector(s); Security System; Security Light(s)
Exterior: Corner Lot; Building Sign; Monument Sign
Fencing: Wood; Chain Link
Building Features: Conference Room; Reception Room; Showroom; Showers - Office; Security Gate
Parking Features: Fenced; Free; Private; Paved
Electric: APS
Gas: SW Gas
Water Source: Individual Meter
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: SBA
Road Surface Type: Asphalt
Traffic Count: 35,001 to 50,000
Environmental: None
Supplements
Three spacious bays, with functioning lifts for each bay, make running your mechanic business, both efficient and highly functional. This Auto Shop is set up for success!
The property also includes a duplex, which is currently being used as a Short Term Rental, providing you with a steady stream of income. The value and potential of this property is added once again with a house on the lot that can be used for additional rental income or as a home for a live-in business owner.
This unique commercial property is a fantastic investment opportunity, with multiple revenue streams, high visibility, and a high traffic location. Don't miss out on the chance to own this versatile property in one of the most sought after locations in the Valley. Contact us today to schedule a showing!
Listing Office: Realty85
Last Updated: April - 28 - 2025
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