10835 25th Ave Phoenix, AZ 85029-4751

Property Details for 10835 25th Ave

Year built

1993

Construction

STEEL FRAME

Lot size

2.61 lot acres

Zone code

A-1

Property type

Commercial real estate

APN

149-07-053D

APU

14907053D

Description

This exceptional three-story office building, totaling approximately 96,783 square feet, presents a compelling owner-user investment opportunity in Phoenix, Arizona. Located at 10835 N 25th Ave, 85029, this property boasts a prime location within the Black Canyon Corridor, offering convenient access to Interstate-17 and a robust labor pool. Currently 25% occupied, with an occupancy date of June 13, 2024, approximately 72,203 square feet is available for an owner-user. The building features abundant parking with a 5.7 spaces per 1,000 square feet ratio (553 surface spaces and 238 covered spaces). The asking price is $12,581,790, translating to $130 per square foot. Built in 2002, the property sits on a 6.74-acre lot and is zoned C-2, M-R, and A-1 by the City of Phoenix. Its strategic location benefits from proximity to the recently completed Metro Light Rail's Northwest Extension Phase II (less than one mile away) and a wealth of retail amenities within a three-mile radius, including MetroCenter Mall's significant redevelopment project. This property offers significant near-term income to offset costs during any planned renovations or expansions. The property is situated in an Opportunity Zone.