Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
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
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Phoenix, AZThe 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C-2 in Phoenix, AZ.
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