1543 Van Buren St Phoenix, AZ 85006

This exceptional 5,000-square-foot retail property, situated on a prominent 0.55-acre corner lot at the southwest intersection of Van Buren and 16th Street in Phoenix, Arizona (85006), presents a compelling investment opportunity. Currently operating as a fully permitted collision center with a paint booth, this single-story, Class C building boasts 5,200 square feet of net rentable space and enjoys 100% occupancy. The property, built in 1971 and zoned C-3, offers significant potential for owner-users or investors. The asking price is $1,650,000, translating to $330 per square foot. The property generates a strong net operating income (NOI) of $144,000, resulting in a pro-forma cap rate of 8.73%. The high-traffic location sees approximately 42,000 vehicles daily (based on a 2022 MPSI estimate), and is within a half-mile radius of multiple multi-family and retail developments. The seller is open to various transaction structures, including an outright sale to an owner-user, a leaseback arrangement, and seller financing. The current lease generates $5,500 per month in net rent under a NNN lease. This is a rare opportunity to acquire a well-located, income-producing property in a rapidly developing area of Phoenix.