Retail Shopping Center with Street
For Sale
Contact for pricing
316 W McDowell Rd, Phoenix, AZ 85003
Garfield Galleria is fully occupied and offers direct McDowell Rd street frontage.
Property SizeContact for details
Days on Market151
Property Features for 316 W McDowell Rd
General Information
Standard status
Active
Property subtype
Retail, Office
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
SVN | Desert Commercial Advisors
Listed By:
Justin Horwitz · License #AZ SA562459000
(480) 220-2674
Source:
Crexi
Added: Apr 11
Changed: Sep 3
Last Checked: Aug 14 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
Garfield Galleria is a retail shopping center being offered for sale. The building is currently fully occupied, including a single tenant occupying a large portion of the property and paying rents described as low relative to the premiums charged for smaller units. The center also includes multiple tenants with lengthy historical tenancy. The offering notes that, with minimal improvements, a new owner could convert part of the space into multiple smaller individual suites.
The property is centrally located just west of the Central Corridor on McDowell Rd, with street frontage directly to McDowell Rd. It is near a full diamond intersection at the I-10 Freeway and within walking distance to the Light Rail. The remarks also list nearby retail amenities and restaurants, including Starbucks, Pei Wei, NYPD Pizza, Potbelly, The Habit Burger, Chipotle, MAD Greens, and Zoes Kitchen, among others.
The seller has elected not to take on several capital improvements, including roof replacement, parking lot repaving, and HVAC upgrades.
The property is centrally located just west of the Central Corridor on McDowell Rd, with street frontage directly to McDowell Rd. It is near a full diamond intersection at the I-10 Freeway and within walking distance to the Light Rail. The remarks also list nearby retail amenities and restaurants, including Starbucks, Pei Wei, NYPD Pizza, Potbelly, The Habit Burger, Chipotle, MAD Greens, and Zoes Kitchen, among others.
The seller has elected not to take on several capital improvements, including roof replacement, parking lot repaving, and HVAC upgrades.
Key Highlights
- Garfield Galleria is fully occupied, generating driving upwards of $100,000 of net operating income.
- Single tenant occupies a large portion of the building with low rents relative to premiums being charged for smaller units.
- Multiple tenants have lengthy historical tenancy in the building.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,708
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 85003, AZ
11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
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Frequently Asked Questions
What type of property is this?
Shopping center - Garfield Galleria is fully occupied and offers direct McDowell Rd street frontage.
Where is this shopping center located?
The property is located at 316 W McDowell Rd Phoenix, AZ.
What are key features of this property?
This property features: Garfield Galleria is fully occupied, generating driving upwards of $100,000 of net operating income.; Single tenant occupies a large portion of the building with low rents relative to premiums being charged for smaller units.; Multiple tenants have lengthy historical tenancy in the building.
