$350,000
$380,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
1,221 Sqft Lot
SOLD DATE : 12/22/2023
Key Details
Sold Price $350,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Arrowhead Office Plaza Condo Lot 1 Amd & Restated
MLS Listing ID 6609814
Sold Date 12/22/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2005
Annual Tax Amount $3,398
Tax Year 2022
Lot Size 1,221 Sqft
Acres 0.03
Property Description
Discover a Versatile Investment Opportunity: Introducing an exceptional commercial real estate opportunity for investors and owner-occupiers alike - a 1,221 square foot office condo with the unique potential for partial owner occupancy and lease income. Situated in a highly desirable location, this well-maintained property is designed to meet the diverse needs of businesses seeking a strategic foothold in the thriving commercial landscape. Property Highlights:
Location: Located conveniently the Arrowhead and Deer Valley submarkets, this office condo enjoys easy access to major thoroughfares, public transportation, and other vibrant business and community activities. The professional appearance of the Arrowhead Office Complex enhances the overall appeal of this property.
Space Configuration: This 1,221 square foot office condo is thoughtfully divided into two distinct sections, each boasting 2 spacious office spaces and a built-in sink/small kitchen area. Shared bathroom facilities provide convenience for all occupants.
Owner-Occupied Potential: One side of the condo is elegantly furnished, offering a turnkey solution for an owner-occupier. Ideal for professionals and businesses looking for a ready-to-move-in workspace, this mostly furnished section provides a comfortable and productive environment.
Lease Income Opportunity: The other side of the condo is currently tenant-occupied, with the existing furnishings belonging to the tenant. These tenants are on a month-to-month lease, affording flexibility for a new owner. This setup presents a steady stream of income for investors, making it an attractive investment opportunity.
Versatile Investment: Whether you are an owner-occupier looking for a place to conduct business or an investor seeking to capitalize on the robust demand for small commercial spaces, this property offers both options. You can choose to occupy the entire property, occupy the furnished side while enjoying the benefits of rental income from the other section, or see the value-added opportunity to retain add more tenants for continued cash flow.
Invest with Confidence: This office condo has been meticulously maintained, ensuring a professional and inviting environment for tenants and clients alike. The recently installed HVAC is an overall benefit along with the monument sign to draw customers to the property, plentiful parking, and easy access. Its prime location, flexible layout, and income potential make it a smart choice for those seeking long-term value and returns on their investment.
Don't miss the chance to secure your stake in this dynamic commercial real estate market.
Location
State AZ
County Maricopa
Community Arrowhead Office Plaza Condo Lot 1 Amd & Restated
Zoning C
Direction Union Hills to 51st Ave, 51st Ave to Michigan, east to 1st drive way into complex, veer right and park on the east side of the building
Interior
Heating Electric
Cooling Central A/C
Flooring Carpet, Ceramic Tile, Vinyl
Exterior
Parking Features Paved Parking, Public Parking, Free
Fence None
Roof Type Built-Up
Present Use Service Business,Office
Total Parking Spaces 11
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 207-23-552
Financing Cash
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