3516-3542 Calavar Rd Phoenix, AZ 85053

Property Details for 3516-3542 Calavar Rd

Lot size

1.86 lot acres

Property size

19,600 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This Phoenix, Arizona shopping center presents a compelling investment opportunity. The 19,600 square foot property, located at 3516-3542 W Calavar Rd, 85053, sits on a 1.86-acre lot (APN 207-11-135R) and is zoned C-1. Currently boasting 100% occupancy with five tenants, this multi-tenant retail center offers a strong cash flow with significant value-add potential through lease adjustments and rental increases. The property features ample parking (3.77 spaces per 1,000 sq ft) and is conveniently located north of the northwest corner of Thunderbird Ave and 35th Ave, adjacent to an O'Reilly Auto Parts store. The area enjoys a strong tenant mix, including nearby Fry's, Ross, Big Lots, Leslie Pools, and Dollar Tree, indicating a robust retail environment. The center itself houses a diverse range of businesses, from service-oriented establishments to a salon and a seafood restaurant. The asking price is $3,000,000, translating to $153.06 per square foot. This gross lease property offers an excellent opportunity for investors seeking a stable, high-performing retail asset with upside potential in a desirable location. The accessible office space with glassline adds further appeal to potential buyers.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Longitude

-112.135

Latitude

33.6124