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Property summary
Situated at 2323 N Central Ave in Midtown Phoenix, this street-level retail condominium is within Regency on Central, a 22-story residential tower completed in 1965 and designed by architect George H. Schoneberger Jr. The retail space is approximately 1,800 square feet and is part of a mixed-residential configuration that includes 114 condos plus four penthouses, with one ground floor retail unit. The building has had renovations since 2004 and offers amenities including a 24-hour front desk, controlled access, a fitness center, event space, underground parking, and an outdoor recreation area with a pool, spa, cabanas, grills, and a fire pit. The property is zoned C-2 and is positioned along North Central Avenue, which carries traffic exceeding 20,000 vehicles per day, with access to the Valley Metro Light Rail.
Property profile
VerifiedCap rate & NOI
Location
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
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Derived from the Phoenix market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property 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
Official district profile
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
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Phoenix, AZ.
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