2920 24Th AvePhoenix, AZ 85015

This exceptional two-story executive office building, located at 2920 N 24th Ave in Phoenix, Arizona (zip code 85015), presents a compelling investment opportunity. Boasting 13,993 square feet, the property offers a strong 6.23% capitalization rate with a current Net Operating Income (NOI) of $136,986.99. Currently 77% occupied, this multi-tenant building features a central courtyard, adding to its appeal. Built in 1982, the structure is zoned R-5 by the City of Phoenix. Convenient amenities include an elevator and common restrooms on both floors, enhancing tenant comfort and accessibility. Security features such as security cameras and a parking gate provide peace of mind. Ample parking is available, with a ratio of 2.9 spaces per 1,000 square feet, including covered parking options. The property also benefits from prominent monument signage availability. The asking price is $2,200,000. This well-maintained property presents a solid investment opportunity in a desirable Phoenix location. The property's APN is 110-36-011. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving market.