Freestanding Retail
9103 N Central Ave Phoenix, AZ 85020
9103 N Central Ave, Phoenix, AZ, 85020
$595,000
For Sale
$595,000
Freestanding masonry and tilt-up retail building on a C-2 zoned lot with direct frontage and shell-condition interior.
Property Size3,750 SF
Lot Size0.24 Acres
Price / SF$158.67
Days on Market40
Property Features for 9103 N Central Ave
General Information
- Standard status
- Active
- Size
- 3,750 SF
- Lot size
- 0.24 Acres
Listing agency
R.O.I. Properties
(602) 396-8004
Listed by
Aaron Gutierrez
(602) 396-8004
Source
Exprealty
Added: Jun 12 Updated: Jul 21 at 5:10AM Checked: Jul 21 at 5:10AM
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 R.O.I. Properties
Investment Insights
Based on property information with market context.
Freestanding commercial building totaling approximately 3,750 SF, originally constructed in 1963 with masonry and reinforced-concrete tilt-up construction. The property is currently vacant and offered in shell condition, with the interior substantially gutted and exposed structural framing. High ceilings, clerestory natural light, and partial structural reinforcement already in place help support flexible adaptive reuse.
The building sits on a 10,484 SF (0.241-acre) C-2 zoned lot with direct frontage along North Central Avenue in the Sunnyslope submarket of Central Phoenix.
With its freestanding layout, shell-condition interior, and already-present structural elements, the property is suited to owner-user occupancy, adaptive reuse, or redevelopment consistent with C-2 zoning.
The building sits on a 10,484 SF (0.241-acre) C-2 zoned lot with direct frontage along North Central Avenue in the Sunnyslope submarket of Central Phoenix.
With its freestanding layout, shell-condition interior, and already-present structural elements, the property is suited to owner-user occupancy, adaptive reuse, or redevelopment consistent with C-2 zoning.
Key Highlights
- 3,750 SF freestanding commercial building on a 0.241‑acre (10,484 SF) C‑2 zoned lot
- Direct frontage along North Central Avenue in Central Phoenix (Sunnyslope submarket)
- Shell‑condition interior with substantial gut and exposed structural framing
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $18.00 |
| − Vacancy | −$7.0k | −$1.85 |
| EGI | $60.5k | $16.15 |
| − OpEx | −$18.2k | −$4.84 |
| NOI | $42.4k | $11.30 |
3,750 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$605.5K
$529.8K – $706.4K
NOI $42,383 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$993.9K – $1.33M
NOI $79,514 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Freestanding masonry and tilt-up retail building on a C-2 zoned lot with direct frontage and shell-condition interior.
Where is this storefront property located?
The property is located at 9103 N Central Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,750 SF freestanding commercial building on a 0.241‑acre (10,484 SF) C‑2 zoned lot; Direct frontage along North Central Avenue in Central Phoenix (Sunnyslope submarket); Shell‑condition interior with substantial gut and exposed structural framing
