1808 1St Ave Phoenix, AZ 85003

This Phoenix industrial property, located at 1808 S 1st Ave, offers a compelling value-add opportunity. The 6,465 square foot warehouse, built in 1989, sits on a 10,834 square foot lot and features two single-story buildings. Currently 100% occupied by Express Marble & Granite until October 31, 2025, under a modified gross lease at $5,000 per month, this property presents a strong cash flow stream. The warehouse boasts desirable features including 16-foot clear height ceilings, a fully fenced yard, 480V 3-phase power, evaporative cooling, a full sprinkler system, a grade-level door, and an 800 square foot mezzanine. The property is zoned A-1 and benefits from a central location, offering prime accessibility near I-17 and Central Ave. This owner-user investment opportunity allows for potential future expansion or redevelopment, making it an attractive prospect for long-term growth and value enhancement. The property is in excellent condition and ready for immediate occupancy after the current lease expires. The asking price is $1,300,000, translating to $201.08 per square foot.