Mitch Korrub - Commercial Real Estate Showcase

Mitch Korrub Property Listings
Commercial Director
Century 21 - Arizona Foothills
8936 N Central Ave
Phoenix, AZ 85020-2819

6350 E Main Street - Granite Reef Plaza

Mesa, AZ 85205-8998 - Red Mountain/Mesa Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2012
Building Size:1,800 SF Land Area:.62 AC (26,998 SF)
For Sale Price:$400,000 Price/SF:$222.22
Cap Rate:7.30 %

Formerly a 12,000 Sf building on three parcels totaling 27,000 SF. Fire in April 2012 destroyed most of building. 1,850 SF remaining, renovated after fire.

Sale Notes:
Fully occupied 1800 SF pad on 27,000 SF lot. C-2 zoning permits retail, restaurant, office and similar uses Ideal for Owner-User, Developer, Expanding-Relocating Retailer, Investor with Tenant, etc. Built in 2012, new parking lot. High visibility freestanding retail/commercial building Large existing monument sign and additional building signage permitted on front and side walls.

Property was a 12,000 strip center before being burnt down in 2011. Only an 1800sf pad has been rebuilt. Perfect for an investor/developer to rebuild while collecting rents along the way.

Century 21 - Arizona Foothills
Mitch Korrub
(602) 943-7252

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