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.