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(602) 692-4114
Real Estate Company
220 E Southern Avenue, Phoenix, AZ 85040
- $1,580,000
- 16,594
- SqFt
- Sold Price
- $1,580,000
- List Price
- $1,800,000
- Closing Date
- Nov 30, 2023
- Days on Market
- 98
- Status
- CLOSED
- MLS#
- 6585376
- City
- Phoenix
- Living SQFT
- 16,594
- Lot Size
- 69,831
- Subdivision
- Commercial Center
- Year Built
- 1999
Property Description
Golden Plaza (220 E Southern Ave) presents a compelling opportunity as a heavy-value add retail strip center in a South Phoenix Opportunity Zone. The property is situated close to the forthcoming Light Rail expansion and benefits from increased accessibility and economic growth. Boasting a diverse tenant mix on short-term leases, this value-add deal is further enhanced by its spacious 1.62- acre lot, offering ample parking at a rate of 4.40 spaces per 1,000 square feet. By implementing targeted capital improvements, this center has the potential to transform into a high-performing asset.
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Additional Information
- Acres
- 1.60
- Construction
- Block
- Cooling
- Other, See Remarks
- Electric
- APS
- Fencing
- None
- Flooring
- Other
- Heating
- Other, See Remarks
- Living Area
- 16,594
- Lot Size
- 69,831
- Parking Features
- Free, Paved
- Roofing
- Built-Up
- Sewer
- Public Sewer
- Subdivision
- Commercial Center
- Taxes
- $39,942
- Tax Year
- 2022
- Water
- City Franchise
- Zoning
- C-2
Courtesy of R.O.I. Properties. 602-319-1326 Selling Office: American Realty Brokers.
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