Retail Shopping Center with Street
316 W McDowell Rd Phoenix, AZ 85003
For Sale
Contact for pricing
Garfield Galleria is fully occupied and offers direct McDowell Rd street frontage.
Days on Market105
Property Features for 316 W McDowell Rd
General Information
- Standard status
- Active
- Property subtype
- Retail, Office
Listing Agency:
SVN | Desert Commercial Advisors
(480) 220-2674
Listed By:
Justin Horwitz · License #AZ SA562459000
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 23 at 4:44AM
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
Location Intelligence
Current Use by Public Records
Desert Passion Studio ...
Training Center
Andy The Styler
Marketing & Advertising
Atrium Gallery and Custom ...
(Bike/Boat/Book/etc) Store
Get Smart Process ...
Law Firm
garfield galleria
Art Gallery
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FAQs
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.
