1201 Northern AvePhoenix, AZ 85020

  • Retail properties
  • 17,700 SF
For Sale
$2,100,000 View listing

Property Details for 1201 Northern Ave

Year built
1987
Property size (Sq ft)
17,700 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a 17,700 square foot lot housing a single-story, 1987-built ARCO ampm branded gas station and convenience store in Phoenix, Arizona. The property boasts a prominent corner location on major cross streets, ensuring high visibility and substantial traffic flow. The 2,400+ square foot convenience store complements the four-pump gas station, creating a synergistic retail operation. The property is currently operating under a 20-year lease, with a monthly rent of $8,100 for the initial three years, increasing to $9,000 per month for the remaining 17 years. The lease mandates the continued operation of a branded fuel station throughout its term. The asking price is $2,100,000, translating to $118.64 per square foot. The property's APN is 160-15-105B. This is a rare opportunity to acquire a well-established, high-performing retail property in a prime Phoenix location with a long-term lease in place. The substantial lot size offers potential for future expansion or redevelopment, subject to local zoning regulations. This turnkey operation provides immediate cash flow and significant long-term investment potential.

1201 Northern Ave, Phoenix, Arizona

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.5528
Longitude
-112.057

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