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    Property profile & analytics
    OFF-MARKET Estimated value $1,900,000
    Grocery and convenience stores

    709 Southern Ave, Phoenix, AZ 85041-4743

    2,700 SF 0.53 ac lot Built 1986
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US07-0016737
    Property summary
    AI-generated overview

    This exceptional 2,700 square foot retail property, located at 709 W Southern Ave in Phoenix, Arizona, presents a compelling investment opportunity. Situated on approximately 0.53 acres of land, this single-tenant convenience store is ideally positioned at the southwest corner of 7th Avenue and Southern Avenue, a signalized intersection boasting nearly 60,000 vehicles per day. The property is zoned C-1 and its APN is 105-83-002L. The location benefits from its placement within a thriving shopping center anchored by a high-performing Food City, ensuring significant foot traffic and visibility. Pylon signage is available, further enhancing marketing potential. The property is currently occupied by an existing gas station business. This offering presents a unique opportunity for lease, ground lease, build-to-suit, or outright purchase. The property's strategic location, high traffic count, and existing business operations make it an attractive prospect for investors seeking a strong return on investment in a dynamic Phoenix market. The Maricopa County location and 85041 zip code add to its desirability.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1986
    Construction STEEL FRAME
    Total area 2,700 SF
    Lot 0.53 ac (22,913 SF)
    Zoning code C-1
    APN 105-83-002L
    UPID US07-0016737
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sahara Shell Auto Repair Shop
    • ATM (Sahara Shell) Atm
    • Bitcoin Depot - Bitcoin ATM Atm Crypto Atm
    • Gas & More Gas Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.90M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.42M
    Blend (final) Blend
    $1.90M
    Owner & transaction history
    709 W Southern LLC · 2 yrs held
    709 W Southern LLC
    since 2024
    Last sale
    $1.9M
    7 recorded transactions
    2024
    $1.9M
    2020
    $1.5M
    2018
    $800,000
    2017
    2011
    $1.0M
    2007
    2006
    $900,000
    Zoning & alternative use
    C-1 · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.9M +173.6%
    Auto repair, garage $1.1M +66.0%
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