Skip To Content

220 E Southern Avenue

Phoenix, AZ 85040
  • $1,580,000
  • STATUS: Closed
  • ON SITE: 362 Days
  • MLS #: 6585376
Sold - 11/30/2023
$1,580,000
SOLD - 11/30/2023
  • 0
    BEDS
  • 1.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,594
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1999
County:
Area:

School Ratings & Info

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.

Monthly Payment Calculator



Arizona Regional MLS logo© 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Simplified Realty Group of Keller Williams. Data last updated 2024-07-24T00:13:26.613.
www.arizonaforeverhome.com/homes/141902142
Print Image

220 E Southern Avenue Phoenix, AZ 85040

  • Price: $1,800,000
  • Status: Closed
  • On Site: 362 Days
  • MLS #: 6585376
0
Beds
0
Baths
0
½ Baths
1.6
Acres
16,594
SQFT
$0
$/SQFT
1999
Built
Neighborhood:
Commercial Center
County:
Maricopa
Area:
Phoenix
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.
Exterior Features

Attached Garage YN No Construction Materials Block Covered Spaces 0 Fencing None Open Parking Spaces 74 Parking Features Paved ParkingFree Roof Built-Up

Interior Features

Cooling Central A/CSee Remarks Heating OtherSee Remarks

Property Features

Gross Income 0 Ownership Fee Simple Sewer Public Sewer Structure Type Commercial Tax Annual Amount 39942 Tax Year 2022 Water Source City Franchise Zoning C-2

Arizona Regional MLS logo Listing provided by R.O.I. Properties: .


Arizona Regional MLS logo© 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Simplified Realty Group of Keller Williams. Data last updated 2024-07-24T00:13:26.613.
 
https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6585376-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6585376-2.jpg https://bt-photos.global.ssl.fastly.net/armls/1280_boomver_1_6585376-2.jpg
Logo
Simplified Realty Group of Keller Williams
15333 N Pima Rd, Suite 130
Scottsdale AZ, 85260