5217-5233 S Central Ave - Retail FOR SALE


Phoenix, AZ 85040- South Mountain
$3,795,000 USD
602-319-1326
5217-5233 S Central Ave, Phoenix, AZ for Sale
$3,795,000 USD
Retail - FOR SALE
1/9
null | 6.35% Cap Rate

5217-5233 S Central Ave
Phoenix, AZ 85040
South Mountain


HIGHLIGHTS

  • Infill value-add strip center in dense location
  • Comprised of in-demand small suites
  • Anchor (Family Dollar) has low/replaceable rate
  • Attractive basis - low price per square foot
  • Upside potential to fill vacancies

OVERVIEW

This infill value add strip center is positioned in a dense, high demand location and is comprised of in demand small shop suites well suited for local and national users. The center features an anchor tenant, Family Dollar, at a low and replaceable rental rate, creating flexibility and long term upside. Offered at an attractive basis with a low price per square foot, the property presents strong potential to increase value through lease up of existing vacancies. The site benefits from prime corner frontage with approximately 31,000 vehicles per day, strong transit access, and consistent traffic exposure. The surrounding trade area includes over 20,500 residents within one mile and is further supported by planned multifamily development nearby. The property is conveniently located within four to five miles of both Downtown Phoenix and Interstate 10, enhancing accessibility and tenant appeal.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Roeser Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

CROSS STREETS

E Roeser Rd

LAND ACRES

2.3 AC

LAND SF

100,179 SF

ZONING

C-2

APN/PARCEL ID

113-42-047M

ASK ABOUT THIS PROPERTY

Reuben NachROI Properties, LLCMore Info
602-319-1326

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Reuben NachROI Properties, LLCMore Info
602-319-1326

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