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    4238 7Th Ave Phoenix, AZ 85013

    Sponsored
    For Sale
    $1,995,000

    Phoenix Retail Property: High-Return Potential

    Property size:
    8,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Phoenix investment opportunity presents a unique 8,100-square-foot retail property located at 4238 N 7th Ave, in the vibrant Melrose District, zip code 85013, Maricopa County, Arizona. Priced at $1,995,000 ($246.30/sq ft), this single-story building sits on a C-2 zoned lot and offers a versatile layout suitable for a variety of uses, including a bar, convenience store, or quick-service restaurant (QSR). The entire 8,100 square feet is net rentable, providing maximum space utilization for your business. A valuable bonus feature is the inclusion of a mezzanine level, adding extra space for storage, office areas, or even expanded customer seating. Further enhancing the property's appeal is a fenced backyard, offering potential for outdoor seating, storage, or additional development. This property represents a strong investment opportunity in a thriving Phoenix neighborhood. The location within the Melrose District provides excellent visibility and accessibility, ensuring high foot traffic and potential for significant returns. Don't miss this chance to acquire a versatile and well-situated retail property in a prime Phoenix location.

    Property Features for 4238 7Th Ave

    General Information

    Property type
    Restaurants
    Square Feet
    8,100 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • 8,100 SF retail building in Phoenix's Melrose District.
    • Priced at $1,995,000 ($246.30/SF).
    • Located at 4238 N 7th Ave, Phoenix, AZ 85013 (Maricopa County).
    • C‑2 zoning allows for various uses (bar, convenience store, QSR).
    • Features a mezzanine level and fenced backyard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.08357769734
    Latitude
    33.498482981561

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    FAQs

    What type of property is this?
    Restaurant - Phoenix Retail Property: High-Return Potential
    Where is this restaurant located?
    The property is located at 4238 7Th Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: 8,100 SF retail building in Phoenix's Melrose District.; Priced at $1,995,000 ($246.30/SF).; Located at 4238 N 7th Ave, Phoenix, AZ 85013 (Maricopa County).
    Request Owner's contact information
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    Phoenix, AZ 85013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4238 7Th Ave Phoenix, AZ 85013
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