Property profile

1612 E Southern Ave Phoenix, AZ 85040

FOR SALE
Strip malls
Property ID
US07-0347385
4,178 SF 0.34 ac lot Built 1955
Entity Owned ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 4,814 square foot freestanding building in South Phoenix offers a unique blend of retail and industrial space, ideal for a single tenant. Located at 1612 E Southern Ave, Phoenix, AZ 85040, this Class C property features a secure yard, perfect for storage or contractor use. Its prime location on Southern Avenue provides excellent visibility, boosted by prominent building and monument signage. The building's flexible layout caters to diverse business needs, making it a versatile option for various operations. The property's proximity to downtown Phoenix (approximately 5 miles) offers easy access to the city's core and its vibrant business activity. This single-tenant occupancy presents a rare opportunity to establish a strong presence in a thriving South Phoenix submarket. The 4,814 square feet of space provides ample room for operations and storage, while the secure yard adds significant value for businesses requiring outdoor space. The high visibility location ensures maximum exposure to potential customers and clients. This property is classified as Flex space, suitable for a range of businesses seeking a combination of retail and industrial functionality. Don't miss this chance to secure a prominent location in a rapidly growing area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1955
Construction CONCRETE
Total area 4,178 SF
Lot 0.34 ac (14,854 SF)
Zoning code C-2
APN 122-49-175
UPID US07-0347385

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Housing Development

Location

1612 E Southern Ave Phoenix, AZ 85040
Phoenix metro Census 116000 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$652k
Blend (final) Blend
$685k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2023
$800,000
2021
$269,000
2017
$241,000
2010
Price N/A
2004
Price N/A
2002
$250,000

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message