Active

1825 E NORTHERN Avenue

Phoenix AZ, 85020

$7,500,000


$251.68 per sqft

Active

29,800 sqft

Other

Built in 1984

Don't miss out on a rare opportunity to own the landmark Vista De Loma buildings. This 30,000 SF, mission-style commercial office complex consists of 3 buildings and is located at 1825 E Northern Ave in North Central Phoenix. It is a multi-tenant project and fully occupied with 1-3 year gross leases and professional management in place, offering steady rental income and an attractive return on investment. Most exciting, however, is the pre-existing, high-density multi-family, R-5 zoning designation. At over a 5 cap including professional management and a full time maintenance employee, the potential for redevelopment is palpable. Situated on a spacious 2.44-acre plot of land, the lot boasts unbeatable views of Piestewa Peak and is located in one of the most desirable areas in Phoenix.

6614774

MLS ID

October 6, 2023

Listed

March 20, 2024

Updated

Map

1825 E NORTHERN Avenue
Phoenix AZ, 85020

Interior Features

Floor Description

Carpet, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Office A/C


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0 Acres


Roof

Built-Up


Sewer

Public Sewer

Other Property Details

Taxes

$63,483


Tax Frequency

Annually


Days on Market

65


Garage

No


Parking

Other (See Remarks), Paved Parking, Public Parking, Free


Parking Total

123


View

No


County

Maricopa


Water Source

City Franchise


Pool

No


Zoning

R-5


Buyer Agency Compensation

2.5%

Courtesy of AXIS Property Advisors, Jon David Benton

Listing Contact: 602-478-6117 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kristal Parker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 9:36 PM UTC, 3/20/2024.

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