709 Southern Ave Phoenix, AZ 85041
- Grocery and convenience stores
- 2,700 SF
- 0.53 lot acres
Current Use by Public Records
- Sahara Shell / Auto Repair Shop / Convenience Store
- ATM (Sahara Shell) / Atm
- Bitcoin Depot - Bitcoin ATM / Atm / Crypto Atm
- Gas & More / Gas Station
Property Details for 709 Southern Ave
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 0.53 lot acres
- Property size
- 2,700 SF
- Zone code
- C-1
- Property type
- Grocery and convenience stores
- APN
- 105-83-002L
- APU
- 10583002L
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,765,000
- 6.5%
- $1,775,000
- 7%
- $1,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,805,000
- Geo Method
- $1,800,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,660,000
- Retail
- $1,595,000
- Mixed-Use
- $1,555,000
- Hospitality
- $1,635,000
- Educational
- $1,655,000
- Residential Income
- $1,790,000
- Energy
- $1,850,000
- Income-Based Land
- $1,930,000
- Food Service
- $1,755,000
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.082
- Latitude
- 33.3919
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
