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715 E Sierra Vista Drive

Phoenix, AZ 85014
  • $800,000
  • STATUS: Active
  • ON SITE: 185 Days
  • MLS #: 6241672
Price Reduced
UPDATED: 69 min ago
$800,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,579
    SQFT
  • $224
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

Description

Rare single tenant free standing office building in highly sought after and nothing but rooftop central Phoenix corridor. This commercial property is ideal for an investor, developer, or owner/user to acquire building in an area where real estate rarely changes ownership. The property currently in use as an educational facility is built out in a plug-and-play fashion with private offices, classrooms, meeting rooms, and huge outdoor grassy green courtyard areas with. Twelve minutes from Sky Harbor International Airport, fifteen minutes to the heart of downtown Phoenix. Close proximity to major highways. Brand recognized concepts in the area include Chase Bank, Walgreens, Raising Canes, Starbucks, Jack In The Box, Safeway.Rental comparables range from $15.57-$27.00 full-service price per foot. Utilizing $21.00 a foot, the annual revenue could be somewhere around $75,138 year. Appraisal by independent appraisal in March of 2021 for $857,000; therefore, automatic equity is built-in for the next buyer.

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© 2021 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 Conway Real Estate. Data last updated 2021-11-28T21:11:44.087.
www.searchvalleyrealestate.com/homes/117620591
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715 E Sierra Vista Drive Phoenix, AZ 85014

  • Price: $800,000
  • Status: Active
  • On Site: 185 Days
  • Updated: 69 min ago
  • MLS #: 6241672
0
Beds
0
Baths
0
½ Baths
0.3
Acres
3,579
SQFT
$224
$/SQFT
1955
Built
Neighborhood:
East Orangewood Lot 23
County:
Maricopa
Area:
Phoenix
Property Description
Rare single tenant free standing office building in highly sought after and nothing but rooftop central Phoenix corridor. This commercial property is ideal for an investor, developer, or owner/user to acquire building in an area where real estate rarely changes ownership. The property currently in use as an educational facility is built out in a plug-and-play fashion with private offices, classrooms, meeting rooms, and huge outdoor grassy green courtyard areas with. Twelve minutes from Sky Harbor International Airport, fifteen minutes to the heart of downtown Phoenix. Close proximity to major highways. Brand recognized concepts in the area include Chase Bank, Walgreens, Raising Canes, Starbucks, Jack In The Box, Safeway.Rental comparables range from $15.57-$27.00 full-service price per foot. Utilizing $21.00 a foot, the annual revenue could be somewhere around $75,138 year. Appraisal by independent appraisal in March of 2021 for $857,000; therefore, automatic equity is built-in for the next buyer.
Exterior Features

Construction Other (See Remarks) Covered Parking Spaces 0.00 Exterior Features Building SignStorage Yard Fencing Block Freeway Highway Up To 1 Mile Lot Size Dimensions 131X100.1 Parking FreePrivate Parking Roads Concrete Roofing Foam Stories 1 Story Total Parking Spaces 14.00 Uncovered Parking Spaces 14.00

Interior Features

Amenities Conference RoomKitchenReception RoomSecurity Gate Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/CHeat Pump Flooring CarpetOtherVinyl Heating Electric Interior Features Alarm SystemFinishedFire SprinklersPrivate RestroomsSecurity Camera(S)Security Light(S)Security SystemSmoke Detector(S)

Property Features

Adjusted Gross Inc 75138.00 Annual Elec Exp 5169.00 Annual Ins Exp 1500.00 Annual Mgmt Exp 3757.00 Annual Wtr Swr Exp 5820.00 Building Type CommercialOffice Cross Street North 7th Street & Sierra Vista Dr Current Use OfficeOtherReligious FacilitySee Remarks Electric Aps Gas None Gross Annual Sch Inc 75138.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 23 Net Operating Income 0.00 Operating Exp 22558.00 Other Income 0.00 Ownership Fee Simple Sewer Sewer - Public Source Of Financial Data Other (See Remarks) Taxes 6312.00 Traffic Count 35001 To 50000 Vacancy Allowance 0.00 Water Cap Zoning C-2

Listing courtesy of E & G Real Estate Services.


© 2021 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 Conway Real Estate. Data last updated 2021-11-28T21:11:44.087.
 
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Conway Real Estate
2345 E Thomas Rd. 150
Phoenix AZ, 85016