NEW LISTING: OFFICE BUILDING, 3620 N. THIRD AVE., PHOENIX, AZ 85013

Sale Price:  $2,335,000

Price / SF:  $190

Lease Rate:  $21 /SF/NNN

Building size:  12,288 SF

Lot Size:  0.5 Acre

Year Built:  1965

Renovated:  2018

APN:  118-30-023, 024

Zoning:  R-5

217 Property Tax:  $12,375

Submarket:  Midtown Phoenix

Highlights:

Newly renovated building for sale or lease

Ideal for owner user

Upgraded modern finishes throughout

New paved parking lot and new AC units

Three year old roof in great condition

Walking distance to light rail / central corridor

Minutes to downtown Phoenix

Convenient access from 51 and I-10 freeways

Description:

This recently upgraded property consists of two floors totaling 12,288 SF with an abundance of parking including 36+- parking spaces on premises in addition to street parking availability.  The building is in absolute move-in ready condition.  Included in the 2018 renovations were a full demo on the first floor, modern were a full demo on the first floor, modern finishes throughout, new AC new water heater, new exterior canopies and a freshly paved parking lot.  Additionally, the roof is only three years old and in great condition.  The properties brick facade and open floor plan makes for a very desirable opportunity in Midtown Phoenix.  The building is designed to allow for a single user or multiple user set up with potential entrances and reception areas on both floors.

Location:

Property is located on the west side of 3rd Avenue between Indian School Rd. and Osborn Rd..  The property is convenient walking distance from the Light Rail and Central Corridor.  The property has easy access to the 51 and I-10 freeways.  This particular sub market is experiencing tremendous growth and redevelopment with new restaurants opening up monthly and luxury apartments being built in the immediate area.  Additionally, this location offers close proximity to downtown Phoenix, home to the Arizona Diamondbacks, Phoenix Suns, Roosevelt Row, Arizona State University, University of Arizona, recently announced Thunderbird International School of Business, Phoenix Convention Center, and many award winning bars and restaurants.

FOR ADDITIONAL INFORMATION REGARDING 3620 N. 3RD AVENUE, PHOENIX, AZ 85013 PLEASE CONTACT:

SVN DESERT COMMERCIAL ADVISORS

Justin Horwitz

Senior Advisor

T:  480-425-5518

 

Paul Borgesen III

Advisor

T:  480-425-5516