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Key Details
Sold Price $2,225,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6080485
Sold Date 02/05/21
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1973
Annual Tax Amount $9,988
Tax Year 2019
Lot Size 0.690 Acres
Acres 0.69
Property Description
Calling all 1031 exchange investors! Fully leased NNN 7% CAP investment opportunity with a recession-proof and 'essential business' medical dispensary as the anchor. Prime location along the busy Switzer Canyon corridor featuring new medical and residential development. Long term leases with newer improvements to the building including new roof less than 5 years old, sewer lines, and individual leasehold improvements. Lots of surface parking spaces on a nearly 3/4 acre lot. With new medical facilities underway across the street in addition to continued residential growth in the area and true investment properties being harder to come by, this property demands pursuit.
Location
State AZ
County Coconino
Zoning HC
Direction East on Route 66, North on Switzer Canyon Dr, property is on the right side.
Interior
Heating Electric, Natural Gas
Cooling See Remarks, Other, Office A/C
Flooring Other, Concrete
Exterior
Garage Paved Parking, Free
Fence None
Waterfront No
Roof Type Composition,Built-Up
Present Use Mixed Use,Retail,Service Business
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise
Others
Senior Community No
Tax ID 101-25-002
Financing Cash
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Bought with Non-MLS Office
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