1718-1726 E Mcdowell Road, Phoenix, AZ 85006
- $1,120,500
- 7,140
- SqFt
- Sold Price
- $1,120,500
- List Price
- $1,200,000
- Closing Date
- Dec 18, 2024
- Days on Market
- 54
- Status
- CLOSED
- MLS#
- 6763256
- City
- Phoenix
- Living SQFT
- 7,140
- Lot Size
- 21,534
- Year Built
- 1953
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.
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Additional Information
- Acres
- 0.49
- Construction
- Other
- Cooling
- See Remarks
- Fencing
- See Remarks
- Flooring
- Other
- Heating
- See Remarks
- Living Area
- 7,140
- Lot Size
- 21,534
- Parking Features
- Paved, Other
- Roofing
- Other
- Sewer
- Other
- Tax Year
- 2024
- Water
- Other
- Zoning
- C-2
Courtesy of R.O.I. Properties. 602-319-1326 Selling Office: RE/MAX Solutions.
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