2432 W Turney Ave - Specialty FOR SALE


Phoenix, AZ 85015- Midtown Phoenix | 
$3,750,000 USD
602-432-2793
2432 W Turney Ave, Phoenix, AZ for Sale
$3,750,000 USD
Specialty - FOR SALE
1/39
null | Request Cap Rate

2432 W Turney Ave
Phoenix, AZ 85015
Midtown Phoenix


HIGHLIGHTS

  • Renovated in 2010 with on-site parking accommodations.
  • Positioned on approximately 1.07 acres in an urban infill setting.
  • Located in the Midtown Phoenix area with regional connectivity.
  • Accessible to major employment, healthcare, and commercial districts.

OVERVIEW

2432 W Turney Ave presents an opportunity to acquire an established specialty investment property in central Phoenix. The two-story asset is positioned within the Midtown Phoenix area, providing convenient access to major transportation corridors, employment centers, healthcare facilities, and the broader Phoenix metropolitan market. Its location offers connectivity to Downtown Phoenix, Interstate 17, and the region's extensive commercial and residential districts, supporting long-term operational utility and investment visibility. The property consists of an existing specialty facility situated on approximately 1.07 acres and benefits from an established physical presence in a mature urban submarket. Renovations completed in 2010, on-site parking, and a developed site configuration contribute to the property's functionality. Investors may find value in the combination of existing improvements, central location, and the continued growth of the Phoenix market, one of the largest population and employment centers in the Southwest. The asset's location within a designated Opportunity Zone may provide qualifying investors access to applicable Opportunity Zone tax benefits, subject to individual circumstances and program requirements. Combined with its existing improvements and urban infill setting, the property offers a compelling opportunity for investors seeking a specialty-use asset in a highly populated metropolitan area with access to regional transportation, workforce resources, and established neighborhood services.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

Request Cap Rate

% LEASED

92%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,675 SF

ZONING

R-3/R-4, Phoenix

APN/PARCEL ID

154-17-021,154-17-030

ASK ABOUT THIS PROPERTY

Rick KehmColdwell Banker CommercialMore Info
602-432-2793

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

Rick KehmColdwell Banker CommercialMore Info
602-432-2793

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