1808 1st Ave Phoenix, AZ 85003-2714
- Warehouses
- 5,760 SF
- 0.25 lot acres
Current Use by Public Records
- Express Marble & Granite LLC. / Bathroom Remodeler / Granite Supplier
Property Details for 1808 1st Ave
- Year built
- 1988
- Construction
- CONCRETE
- Lot size
- 0.25 lot acres
- Property size
- 5,760 SF
- Zone code
- I-1
- Property type
- Warehouses
- APN
- 112-38-067
- APU
- 11238067
Description
This Phoenix industrial property, located at 1808 S 1st Ave, offers a compelling value-add opportunity. The 6,465 square foot warehouse, built in 1989, sits on a 10,834 square foot lot and features two single-story buildings. Currently 100% occupied by Express Marble & Granite until October 31, 2025, under a modified gross lease at $5,000 per month, this property presents a strong cash flow stream. The warehouse boasts desirable features including 16-foot clear height ceilings, a fully fenced yard, 480V 3-phase power, evaporative cooling, a full sprinkler system, a grade-level door, and an 800 square foot mezzanine. The property is zoned A-1 and benefits from a central location, offering prime accessibility near I-17 and Central Ave. This owner-user investment opportunity allows for potential future expansion or redevelopment, making it an attractive prospect for long-term growth and value enhancement. The property is in excellent condition and ready for immediate occupancy after the current lease expires. The asking price is $1,300,000, translating to $201.08 per square foot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.076
- Latitude
- 33.4296
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
