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Property profile & analytics
FOR SALE
Grocery and convenience stores

1002 N 27Th Ave Phoenix, AZ 85009

2,680 SF 0.56 ac lot Built 1986
Individually Owned 31-yr Hold Free & Clear
Property ID
US07-2653206
Property summary
AI-generated overview

This exceptional 0.56-acre commercial land parcel presents a unique investment opportunity in Phoenix, Arizona. Located at 1002 N 27th Ave, this hard corner lot sits at the intersection of 27th Avenue and Roosevelt, offering excellent visibility and accessibility. The property is zoned C-1, providing a range of potential commercial uses. Its strategic location within Phoenix's Central Industrial District offers significant advantages, including proximity to major transportation arteries. Specifically, it's conveniently situated just south of Interstate 10 and west of the I-17 Freeway, ensuring easy access to the broader Phoenix metropolitan area. The property's proximity to Phoenix Sky Harbor International Airport, approximately 9 miles away, further enhances its appeal. With its ideal location, zoning, and size, this lot is well-suited for a variety of commercial developments. The APN is 109-06-069A. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area of Phoenix. The asking price for this exceptional property is $439,000. Don't miss this chance to secure a prime piece of Phoenix real estate.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1986
Construction STEEL FRAME
Total area 2,680 SF
Lot 0.56 ac (24,458 SF)
Zoning code C-1
APN 109-06-069A
UPID US07-2653206
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.14M
Owner & transaction history
Ismail Hamdan · 31 yrs held
Ismail Hamdan
since 1995
2 recorded transactions
1995
$35,100
1987
$400,000
Zoning & alternative use
C-1 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.8M +158.8%
Auto repair, garage $855,000 +25.0%
Retail stores $800,000 +17.1%
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More about this property
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