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Leased Machine Shop with Apartment
For Sale
$619,000

3940 N 33rd Ave, Phoenix, AZ 85017

Machine shop with two street access points and an on-site one-bedroom apartment, leased with five years remaining.

Property Size1,844 SF
Price / SF$335.68
Days on Market748

Property Features for 3940 N 33rd Ave

General Information

Standard status Active
Size 1,844 SF
Zoning C-3

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 1

Taxes and HOA fees

Annual Taxes $4,500

Building Details

Tenancy Single
Listing Agency: American Realty Brokers
Listed By: Mike Darmo · License #SA576846000
Source: Exprealty
Added: Aug 20, 2024 Changed: Sep 4 Last Checked: Aug 15 at 4:47AM

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 American Realty Brokers

Investment Insights

Based on property information with market context.

This for-sale property includes a machine shop building with two access points, plus a one-bedroom apartment on site. The listing notes the business is a separate entity from the real property, with a five-year lease remaining in place.

Access is available from Grand Ave and 33rd Ave. The property is described as being across the street from Costco Business Center, with easy access to I-10 and visibility from Grand.

The current tenant arrangement includes annual rent increases of $100. The property is presented as an investment opportunity under C-3 designation.

Key Highlights

  • 1987‑built machine shop with C‑3 zoning
  • Two street access points: one from Grand Ave and one from 33rd Ave
  • Visible from Grand Ave with easy access to I‑10

Property Analytics

Current Use

Ortiz Core machine ... Auto Repair Shop Bermudez auto repair ... Auto Repair Shop Arizona Steel Horse ... Auto Parts Store El Pitallon #1 Restaurant Cobian Core Machine ... Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Nail Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,388
Businesses Nearby

Demographics for 85017, AZ

45,279
Population
12,743
Households
3.6
Avg Household Size
26
Median Age
11%
College-Educated
65%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$51,737
Median Household Income
$29,371
Median Earnings
$1,197
Median Rent
$242,900
Median Home Value

Market

Vacancy Rate% for Industrial in Phoenix, AZ

6.8% 2019
8.1% 2020
5% 2021
4.4% 2022
8.9% 2023
12.2% 2024
12.7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Manufacturing property - Machine shop with two street access points and an on-site one-bedroom apartment, leased with five years remaining.
Where is this manufacturing property located?
The property is located at 3940 N 33rd Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: 1987‑built machine shop with C‑3 zoning; Two street access points: one from Grand Ave and one from 33rd Ave; Visible from Grand Ave with easy access to I‑10
More about this property
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