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Property profile

1928 Mcdowell Rd Phoenix, AZ 85006

OFF-MARKET
Strip malls
Property ID
US07-3314361
6,873 SF 0.47 ac lot Built 1955
Entity Owned 8-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 7,200 square foot retail storefront is ideally situated on McDowell Road in Phoenix's vibrant Miracle Mile District. Boasting an impressive 153 feet of frontage, this single-story building offers excellent visibility and accessibility. The property features a convenient C-2 zoning designation, allowing for a variety of commercial uses. Currently vacant, this end-cap building presents a unique opportunity for investors and business owners alike. With ample parking available on both the east and west sides of the structure, customer convenience is maximized. The building currently has two bays, but the design allows for conversion to three, offering flexibility for future tenants or expansion. The east unit features a roll-up door, enhancing functionality and accessibility. This prime location benefits from exceptionally high traffic counts, with State Route 51 registering 169,086 vehicles per day and McDowell Road itself seeing 30,727 vehicles per day. The property sits on a 0.47-acre lot (APN: 117-13-157) and presents a compelling investment opportunity in a thriving commercial corridor. This is a rare chance to acquire a well-positioned retail space in a high-demand area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1955
Construction CONCRETE
Total area 6,873 SF
Lot 0.47 ac (20,577 SF)
Zoning code C-2
APN 117-13-157
UPID US07-3314361

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$1.25M
Blend (final) Blend
$1.20M

Owner & transaction history

since 2017
5 recorded transactions
2017
$580,000
2007
$710,000
2005
$352,600
2000
$700,000
1969
Price N/A

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
Top alternative use upside
Medical building $1.8M +4.3%
Warehouse, storage $1.8M +2.0%

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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