2431 Van Buren StPhoenix, AZ 85008

This Phoenix, Arizona property, located at 2431 E Van Buren St, offers a unique investment opportunity. The 14,533 square foot building, constructed in 1958 and renovated in 2014, sits on a 20,858 square foot lot and is zoned C-3. The single-tenant, 100% occupied building features approximately 8,000 square feet of ground floor space and 6,500 square feet on the second floor. Amenities include HVAC in the front office area, abundant electrical power, and a small gated yard. A bonus parcel across the street, zoned R-4, is also included. The building boasts a 10-16 foot ceiling height and comprises two stories. Internal features include a conference room, five offices, and five restrooms. The property's diverse layout makes it suitable for various uses, including a call center, pawn shop, furniture store, storage facility, warehouse, or manufacturing plant. The asking price is $1,149,000, representing a price per square foot of $79.06 and a 5.43% capitalization rate with a net operating income of $62,400. The property is a Net Lease (NNN) with a single tenant and no credit rating available. The APN is 121-63-022, 121-63-002.