311 Main St Eloy, AZ 85131
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Prime Eloy retail, high ROI, 5,345 SF
Property size:
5,345 SFProperty Features for 311 Main St
General Information
- Property type
- Retail properties & Spaces
- Square Feet
- 5,345 SF
Building Details
- Year Built/Renovated
- 1948/2024
- Buildings
- 1
- Stories
- 1
- Units
- 3
Listing Agency: Real Broker Listing Agent: Christopher D Adams
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional retail investment opportunity presents a 5,345-square-foot strip mall located at 311, 313, and 315 N. Main St in Eloy, Arizona. The property, built in 1948 with partial renovations in 2024, boasts a strong 10.26% cap rate and a net operating income (NOI) of $2,358. Currently configured as three separate units (2,220 SF, 2,250 SF, and 875 SF), this property offers significant flexibility for various retail uses. The asking price is $750,000, translating to $140.32 per square foot. Situated on a 7,500-square-foot lot, the property includes five parking spaces and benefits from a highly visible Main Street location near the intersection with Frontier, ensuring excellent foot and vehicle traffic. The C2 zoning allows for a variety of commercial uses. This property is a compelling investment opportunity in a rapidly growing area, fueled by the presence of major companies like Lucid, Nikola, Kohler, and Proctor & Gamble. The strong rental demand and low supply in Eloy make this a particularly attractive proposition. The gross lease structure simplifies management, and the property is not subject to a ground lease. The property's three units are currently set up as office spaces, but the adaptable layout allows for a variety of retail configurations. This is a chance to capitalize on Eloy's burgeoning commercial market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Eloy
- County
- Pinal
- State
- Arizona
- Longitude
- -111.55481492858
- Latitude
- 32.7524264197
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - Prime Eloy retail, high ROI, 5,345 SF
Where is this retail property located?
The property is located at 311 Main St Eloy, AZ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,345 SF retail strip mall in Eloy, AZ, located at 311, 313, & 315 N. Main St.; High-visibility Main Street location near Frontier intersection, offering excellent foot and vehicle traffic.; Three units totaling 5,345 SF (2,220 SF, 2,250 SF, and 875 SF), currently configured as office spaces but adaptable for various retail uses.
