528 E Western - Retail FOR SALE


Avondale, AZ 85323- Coldwater
$418,000 USD
480-326-9077
528 E Western, Avondale, AZ for Sale
$418,000 USD
Retail - FOR SALE
1/37
null | 5.5% Cap Rate

528 E Western
Avondale, AZ 85323
Coldwater


HIGHLIGHTS

  • Full Remodel in 2022
  • High-Visibility Signage
  • Flexible Layout
  • Extra Bonus – possible City of Avondale façade makeover grant worth thousands of dollars.
  • Across from NEW Fire Station – more traffic, more visibility

OVERVIEW

?? Prime Stand-Alone Retail Gem – Old Town Avondale ?? Easy to self-manage. Updated major systems and very little maintenance makes this a great investment! Tenant takes care of inside of building and outside landscaping. Be here now as downtown Avondale appreciates & develops like Tempe, Gilbert, Chandler, Mesa, Scottsdale, etc. Turnkey, remodeled, income-producing property in the heart of Avondale’s growing Old Town district! ? Full Remodel in 2022 – new tile plank flooring, 2 brand new A/C units, 14 LED lights, new water heater, fresh paint, new roof still under warranty. ? High-Visibility Signage – your business front and center with exclusive monument sign rights. ? Flexible Layout – 1 large open room, private office, back room w/ separate entry, and 2 restrooms. ? Parking is a Breeze – Shared lot & expenses with neighbor to the west. Plus free street & public parking steps away. Brand new striping in parking lot. ? Extra Bonus – possible City of Avondale façade makeover grant worth thousands of dollars. ? Across from NEW Fire Station – more traffic, more visibility! ? Opportunity Zone – potential tax advantages. ? Income Now – Leased to a reliable Scuba Shop until Sept 2029 (pays early every month!). 3% yearly increases. Future Potential: Retail • Professional Offices • Coffee Shop • Bakery • Salon/Spa • Pet Grooming • Boutique • Fitness • Theater • And more! (Many uses allowed outright under OTAB zoning; others with conditional use permit) ?? Perfect for Investors or Future Owner-Users – collect income now, watch your equity grow and plan your future business here. ?? Unbeatable Old Town Location – Surrounded by Growth & Redevelopment!

FOR SALE DETAILS

PRICE

$418,000 USD

PRICE/SF

$299 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

OTAB, Phoenix

APN/PARCEL ID

500-20-118

ASK ABOUT THIS PROPERTY

Jeff FlancerSailin ShoesMore Info
480-326-9077

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Jeff FlancerSailin ShoesMore Info
480-326-9077

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