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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
Price N/A
2011
$1.0M
2007
Price N/A
2006
$900,000
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts

Zone name Neighborhood Retail Commercial
General category COMMERCIAL
Zone area 1,755.38 ac
Source Realmo
Top alternative use upside
Commercial (general) $1.9M +173.6%
Auto repair, garage $1.1M +66.0%
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