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7146 N 57th Drive - Catlin Court, Glendale, AZ

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7146 N 57th Drive - Catlin Court

Glendale, AZ 85301 - Glendale Ret Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:1950
Building Size:3,306 SF Land Area:.16 AC (7,013 SF)
For Sale Price:$549,400 Price/SF:$166.18
Cap Rate:7.35 %
Parking:Free Surface spaces are available; Ratio of 1.2/1,000 SF
Features:Pylon Sign

Sale Notes:
Take advantage of historic Glendale's live-work zoning with this anchor property on 57th Dr. The European cafe is a long-term and steady tenant with a dedicated local customer base. The business suites also include a vintage shop and an event space for children's parties --both successful local endeavors. This property also diversifies its cash flow with the one residential rental studio behind the businesses. The studio can be a business or residence under Glendale zoning, and there is plenty of parking for either. The current owners have maintained and improved this property over many years and have created a picture-perfect contributor to the downtown scene, as well as a plug-and-play income property for you. Don't miss this one.

Historic Glendale

GPCI Multifamily
Mark Skelpsa
(480) 430-5752

Terry Kass
(602) 703-5277

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