Technical
Financial
Distress signals
Property profile

1002 N 27Th Ave Phoenix, AZ 85009

FOR SALE
Grocery and convenience stores
Property ID
US07-2653206
2,680 SF 0.56 ac lot Built 1986
Individually Owned 31-yr Hold Free & Clear
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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

Location

1002 N 27Th Ave Phoenix, AZ 85009
Phoenix metro Census 112700 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$85k

Owner & transaction history

since 1995
2 recorded transactions
1995
$35,100
1987
$400,000

Zoning & alternative use

C-1 · Phoenix, AZ
Zoning description

The purpose C-1 zone is to provide light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.8M +158.8%
Auto repair, garage $855,000 +25.0%
Retail stores $800,000 +17.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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