$1,120,500
Phoenix, AZ 85006
MLS# 6763256
Status: Closed
1 / 1
Property Description
This multi-tenant retail property presents an exceptional investment opportunity in the heart of the ''Miracle Mile.'' The property is situated near the I-10 & SR-51 freeways on McDowell Rd, providing exceptional access and exposure. A new multifamily development, ''The Governor,'' is located across the street and is set to invigorate the neighborhood. This influx of new residents is expected to drive foot traffic and increase demand for retail services, making this property an ideal location for growth. Current tenants have short-term leases, offering a strategic advantage for the new owner to renegotiate and capitalize on increasing market rents. As Miracle Mile continues its transformation, this property stands out as a key player in the area's commercial revitalization.
Details
Maps
Contract Info
Ownership: Other (See Remarks)
Current Price: $1,120,500
Sold Price: $1,120,500
Status: Closed
List Date: 2024-09-26
Location, Tax & Legal
Assessor's Map #: 16
Assessor's Parcel #: 69
Add'l Parcels: Yes
Tax Municipality: Phoenix
Taxes: 0
Legal: MCDOWELL MANORS MCR 31-02 LOT 13 BLK 4 TOG/WI E 35F OF LOT 11 BLK 4
House Number: 1718-1726
Compass: E
Street Name: McDowell
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85006
County Code: Maricopa
Assessor Number: 117-16-069
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 7140
Ttl Apx Net Rnt Spc: 1100
# of Buildings: 1
Uncvrd Parking Spcs: 25
Year Built: 1953
Zoning: C-2
Legal Info
Range: 3E
Section: 34
Township: 2N
Lot Number: -
Construction
Other: 1
Roofing
Other: 1
Floors
Other: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Retail: 1
Other: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 1200000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Ceiling Height
14.1 Feet to 16 Feet: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
Other (See Remarks): 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
See Remarks: 1
Water Source
Other: 1
Sewer
Other: 1
Parking Features
Paved: 1
Other: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Other (See Remarks): 1
Existing 3rd Loan
Other (See Remarks): 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Sold Info
Loan Type: Other
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: 16th St & McDowell
Geo Lat: 33.466034
Geo Lon: -112.044693
Status Change Info
Off Market Date: 2024-11-19
Under Contract Date: 2024-11-15
Close of Escrow Date: 2024-12-18
Sold Price: $1,120,500
Property Features
Building Type: Commercial
Business Type: Retail; Other
Stories: 1 Story
Construction: Other
Roofing: Other
Floors: Other
Ceiling Height: 14.1 Feet to 16 Feet
Heating: See Remarks
Cooling: See Remarks
Loading Facilities: Other (See Remarks)
Interior Features: Other (See Remarks)
Fencing: See Remarks
Parking Features: Paved; Other
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: Other
Sewer: Other
New Financing: Other (See Remarks)
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Existing 3rd Loan: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: R.O.I. Properties
Last Updated: April - 07 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
