Current Use by Public Records
- ARCO / Gas Station
- ampm / Grocery & Convenience Store
- LibertyX Bitcoin ATM / Atm
Property Details for 1201 Northern Ave
- Year built
- 1987
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 17,700 square foot lot housing a single-story, 1987-built ARCO ampm branded gas station and convenience store in Phoenix, Arizona. The property boasts a prominent corner location on major cross streets, ensuring high visibility and substantial traffic flow. The 2,400+ square foot convenience store complements the four-pump gas station, creating a synergistic retail operation. The property is currently operating under a 20-year lease, with a monthly rent of $8,100 for the initial three years, increasing to $9,000 per month for the remaining 17 years. The lease mandates the continued operation of a branded fuel station throughout its term. The asking price is $2,100,000, translating to $118.64 per square foot. The property's APN is 160-15-105B. This is a rare opportunity to acquire a well-established, high-performing retail property in a prime Phoenix location with a long-term lease in place. The substantial lot size offers potential for future expansion or redevelopment, subject to local zoning regulations. This turnkey operation provides immediate cash flow and significant long-term investment potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.057
- Latitude
- 33.5528
