16712 E Avenue of the Fountains - Office/Residential FOR SALE


Fountain Hills, AZ 85268
$639,000 USD
602-550-7640
16712 E Avenue of the Fountains, Fountain Hills, AZ for Sale
$639,000 USD
Office/Residential - FOR SALE
1/6
null | 5% Cap Rate

16712 E Avenue of the Fountains
Fountain Hills, AZ 85268


HIGHLIGHTS

  • Property is 2 blocks from Fountain Park & across street from Town Hall & Library. Apartment or Condo conversion opportunity.

OVERVIEW

Beautiful move-in ready office building near Fountain Hills Town Complex in the heart of Fountain Hills located on the The Avenue of The Fountains and walking distance to world famous Fountain Park. Four distinct secured private light filled offices of about 500 SFT. Two offices upstairs and two on the main floor. One shared bathroom on each level. Open Atrium interior. One of a kind location. East side of property abuts common area adding to privacy. Excellent parking right in front. Seller willing to finance with 20 percent down at 6% for eight years. Zoning permits 2nd floor to be converted to Apartment or condo. New roof surface 2024. AC replaced June of '23. Newer carpet and paint. Property is fully leased but tenants are able to vacate with short notice. Excellent single tenant professional opportunity or lease out additional space for income.

FOR SALE DETAILS

PRICE

$639,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

C-2, Fountains Hills

APN/PARCEL ID

176-05-131

ASK ABOUT THIS PROPERTY

Mitch YoungMitchell YoungMore Info
602-550-7640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mitch YoungMitchell YoungMore Info
602-550-7640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.