Multi-Suite Retail & Restaurant
9401-9415 N Central Ave Phoenix, AZ 85020
9401-9415 N Central Ave, Phoenix, AZ, 85020
Contact for pricing
For Sale
Contact for pricing
Built in the 1950s with eight suites, including a built-out restaurant space and 44 parking spots.
Property Size11,800 SF
Lot Size0.59 Acres
Price / SF$415.25
Days on Market140
Property Features for 9401-9415 N Central Ave
General Information
- Standard status
- Active
- Size
- 11,800 SF
- Lot size
- 0.59 Acres
- Property subtype
- RETAIL
Listing agency
Lee & Associates | Phoenix
(928) 606-0576
Listed by
Jake Annan
(928) 606-0576
Source
Moodyscre
Added: Mar 3 Updated: Jul 21 at 4:41AM Checked: Jul 21 at 4:41AM
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 Lee & Associates | Phoenix
Investment Insights
Based on property information with market context.
This multi-suite retail and restaurant building was built in the 1950s and contains eight total suites. The property includes a corner suite of approximately 2,500 square feet and several other suites ranging from about 1,200 to 1,600 square feet. One suite is a pre-built salon suite with six stations, and the building also features built-out restaurant space.
The property is zoned C-2 and is governed by the Sunny Slope and Hatcher Rd overlay, with 0' setbacks. It offers 44 parking spots located at the front and back of the building, and the site includes signage estimated at 150+ feet along Central Rd signage and Hatcher Rd signage.
Additional considerations include designated historical recognition, grandfathered parking, and property tax reductions. Patio and outdoor seating can be added to support a patio dining area or banquet hall. Seller financing is available with a 40% down payment.
The property is zoned C-2 and is governed by the Sunny Slope and Hatcher Rd overlay, with 0' setbacks. It offers 44 parking spots located at the front and back of the building, and the site includes signage estimated at 150+ feet along Central Rd signage and Hatcher Rd signage.
Additional considerations include designated historical recognition, grandfathered parking, and property tax reductions. Patio and outdoor seating can be added to support a patio dining area or banquet hall. Seller financing is available with a 40% down payment.
Key Highlights
- 8 total suites in a building built in the 1950s, with a corner suite approximately 2,500 SF
- Built‑out restaurant space plus option to add patio and outdoor seating for patio dining or banquet hall
- C‑2 zoning with 0' setbacks; Sunny Slope and Hatcher Rd overlay applies
Local Financial Insights For Specialty 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 | $254.9k | $21.60 |
| − Vacancy | −$20.4k | −$1.73 |
| EGI | $234.5k | $19.87 |
| − OpEx | −$58.6k | −$4.97 |
| NOI | $175.9k | $14.90 |
11,800 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,867 @ 7.0% cap · market cap 3.59%
Second Best
Retail
$1.91M
$1.67M – $2.22M
NOI $133,366 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$3.57M
$3.13M – $4.17M
NOI $250,202 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Kroger - Fry's Food Stores, 850 E Hatcher Rd, Phoenix, AZ 85020
- Marketplace At Central — 111 E Dunlap Ave, Phoenix, AZ 85020
- North Central Heights Shopping Center — N Central Ave, Phoenix, AZ 85020
- Hatcher Village Shopping Center — 9325 N Cave Creek Rd, Phoenix, AZ 85020
FAQs
What type of property is this?
Shopping center - Built in the 1950s with eight suites, including a built-out restaurant space and 44 parking spots.
Where is this shopping center located?
The property is located at 9401-9415 N Central Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 8 total suites in a building built in the 1950s, with a corner suite approximately 2,500 SF; Built‑out restaurant space plus option to add patio and outdoor seating for patio dining or banquet hall; C‑2 zoning with 0' setbacks; Sunny Slope and Hatcher Rd overlay applies
