Listing Agency: DeLex Realty b***@cox.net Show Phone

Listed By: Brian D Fiske · License #SA552946000 Show Phone

Source: Moodyscre

Added: Feb 28, 2024 Changed: Aug 8 Last Checked: Aug 8 at 5:01AM

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Investment Insights

Based on property information with market context.

This offering presents a redevelopment opportunity consisting of two properties to be sold as a package. The combined lot size totals 15,352 square feet. Situated in the heart of the ReInvent Phoenix Midtown District, the location benefits from ongoing urban redevelopment initiatives. This presents a unique opportunity to capitalize on the revitalization and growth occurring in the area. The property includes the adjacent lot located at 501 E Osborn Rd.

Key Highlights

• Redevelopment Opportunity: Prime location for capitalizing on urban revitalization.
• Package Deal: Includes two adjacent properties (501 E Osborn Rd).
• Large Lot Size: Total of 15,352 sqft combined.

Property Analytics

Property Profile

Current Use

Computer Support Group Computer & Electronic Repair Formula for Fundraising Consultant Denny Smith Insurance ... Insurance Agency

Suggested Use

Top Pick Building Supply Grocery & Convenience Store (Bike/Boat/Book/etc) Store Locksmith Discount Store Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

447

Businesses Nearby

28k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Starbucks Dining

14,166 visits/mo 0.2 miles

Zoyo Neighborhood Yogurt Dining

5,222 visits/mo 0.2 miles

Smoothie King Dining

5,192 visits/mo 0.2 miles

Lou Malnati's Pizzeria Dining

3,707 visits/mo 0.1 miles

Market

Vacancy Rate% for Retail in Phoenix, AZ

8.5% 2019

8.7% 2020

7.4% 2021

5.6% 2022

5.1% 2023

5.4% 2024

5.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

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Frequently Asked Questions

What type of property is this?

Storefront property - Two properties for sale in revitalizing Phoenix Midtown district.

Where is this storefront property located?

The property is located at 505 E Osborn Rd Phoenix, AZ.

What is the asking price?

The asking price for this property is $1,190,000.

What are key features of this property?

This property features: Redevelopment Opportunity: Prime location for capitalizing on urban revitalization.; Package Deal: Includes two adjacent properties (501 E Osborn Rd).; Large Lot Size: Total of 15,352 sqft combined.