HIGHLIGHTS
- Prime location in Old Town Avondale, a designated revitalization district
- Diverse tenant mix with longstanding occupancy ranging from 5 to 25 years
- Current annual gross income of approximately $51,400, offering immediate cash flow
- Significant upside potential through cosmetic enhancements and market-rate adjustments
- Easy transition opportunity as current tenants prefer to remain on month-to-month agreements, providing flexibility for future strategic leasing
- Dental office tenant on lease through October 2028, providing steady income
OVERVIEW
The Property is located at 326 East Western Avenue, in the City of Avondale, County of Maricopa, State of Arizona, and further described as Western Avenue Professional Plaza.
The lot is approximately 14,040 square feet, and the total square feet of building size is 5,165 square feet. The Dental office lease terminates 10/31/28. The other tenants are on a month to month lease, or one year and would love to stay.
FOR SALE DETAILS
PRICE
$825,000 USD
PRICE/SF
$160 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
Western Avenue Professional Plaza
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1973
SPRINKLERS
-
PARKING SPACES
26
LAND DETAILS
LAND ACRES
0.32 AC
LAND SF
14,040 SF
ZONING
OTAB
APN/PARCEL ID
500-17-086,500-17-088
ASK ABOUT THIS PROPERTY
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623-748-1958
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623-748-1958
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