2920 24Th AvePhoenix, AZ 85015

Property Details for 2920 24Th Ave

Year built

1982

Property size (Sq ft)

13,993 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4816

Longitude

-112.111

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