1800 W Van Buren St - Storefront Retail/Residential FOR SALE


Phoenix, AZ 85007- Grand
$5,100,000 USD
602-946-4855
1800 W Van Buren St, Phoenix, AZ for Sale
$5,100,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | 8.71% Cap Rate

1800 W Van Buren St
Phoenix, AZ 85007
Grand


HIGHLIGHTS

  • The Van Buren Portfolio presents a rare opportunity to acquire a fully occupied, stabilized retail asset delivering predictable cash flow
  • The portfolio generates a combined NOI of $444,377 across 12,995 SF (8,055 SF of Retail & 4,940 SF of Multifamily),with blended cap rate of 8.71%
  • The multifamily units across 310-312 Van Buren offer flexibility between traditional leasing and short-term Airbnb strategies
  • Ownership of both 1746 W Van Buren and 1800 W Van Buren provides the ability to control both corners of the intersection
  • Situated on Van Buren Street and 18th Avenue, just 0.5 miles from I-17, the properties enjoy excellent accessibility and exposure to over 36,000 VPD
  • The subject is located in the emerging Capitol District, home to 15,000+ government employees and undergoing a major redevelopment surge

OVERVIEW

Matthews™ is pleased to present the Van Buren Portfolio, a mixed-use investment opportunity consisting of multifamily and NNN retail assets located near Downtown Phoenix. The portfolio includes eight multifamily units and ten retail suites across four buildings on three separate parcels, offering investors a unique blend of stabilized income and future upside within a high-demand urban infill corridor. The retail component is 100% occupied with five-year absolute NNN leases featuring 4% annual rent escalations, providing investors with predictable, low-maintenance cash flow. The multifamily portion consists of two buildings totaling eight units, with six units currently leased at $2,200 per month on traditional one-year leases and two units operating as short-term rentals. In total, the portfolio generates a strong in-place NOI of $444,377 across 12,995 square feet, reflecting an attractive blended cap rate of 8.71%. Name David Harrington Company Matthews Real Estate Investment Services, Inc Firm & License License # CO701910000, BR715518000 (AZ) Address 4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251 Phone (866) 889-0550

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$892 USD /SF

CAP RATE

8.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C-3

APN/PARCEL ID

111-24-013A

ASK ABOUT THIS PROPERTY

Trevor Von BehrenMatthews Real Estate Investment ServicesMore Info
602-946-4855

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Trevor Von BehrenMatthews Real Estate Investment ServicesMore Info
602-946-4855

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