For Sale
$750,000

311 Main StEloy, AZ 85131

Prime Eloy retail, high ROI, 5,345 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional retail investment opportunity presents a 5,345-square-foot strip mall located at 311, 313, and 315 N. Main St in Eloy, Arizona. The property, built in 1948 with partial renovations in 2024, boasts a strong 10.26% cap rate and a net operating income (NOI) of $2,358. Currently configured as three separate units (2,220 SF, 2,250 SF, and 875 SF), this property offers significant flexibility for various retail uses. The asking price is $750,000, translating to $140.32 per square foot. Situated on a 7,500-square-foot lot, the property includes five parking spaces and benefits from a highly visible Main Street location near the intersection with Frontier, ensuring excellent foot and vehicle traffic. The C2 zoning allows for a variety of commercial uses. This property is a compelling investment opportunity in a rapidly growing area, fueled by the presence of major companies like Lucid, Nikola, Kohler, and Proctor & Gamble. The strong rental demand and low supply in Eloy make this a particularly attractive proposition. The gross lease structure simplifies management, and the property is not subject to a ground lease. The property's three units are currently set up as office spaces, but the adaptable layout allows for a variety of retail configurations. This is a chance to capitalize on Eloy's burgeoning commercial market.

Highlights

  • 5,345 SF retail strip mall in Eloy, AZ, located at 311, 313, & 315 N. Main St.
  • High-visibility Main Street location near Frontier intersection, offering excellent foot and vehicle traffic.
  • Three units totaling 5,345 SF (2,220 SF, 2,250 SF, and 875 SF), currently configured as office spaces but adaptable for various retail uses.
  • Strong 10.26% cap rate and $2,358 NOI; asking price $750,000 ($140.32/SF).
  • 7,500 SF lot with five parking spaces; C2 zoning allows for diverse commercial uses.

Property Details for 311 Main St

Property type
Retail properties
Square Feet
5,345 SF
Year Built/Renovated
1948/2024
Buildings
1
Stories
1
Units
3

Location Insight

City
Eloy
County
Pinal
State
Arizona
Latitude
32.7524264197
Longitude
-111.55481492858
311 Main St, Eloy, Arizona

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311 Main St
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