2405 Fairmount Ave Phoenix, AZ 85016
This exceptional 1,374 square foot creative office space is ideally situated in Phoenix's Biltmore Corridor, at 2405 E Fairmount Ave, zip code 85016. Currently vacant, this property presents a unique opportunity for immediate occupancy and customization. Built in 1950, the single-story building sits on a lot zoned R-5, offering flexibility for various commercial uses. The asking price is $795,000, translating to $578.60 per square foot. Its prime location offers excellent visibility on 24th Street, with convenient access to the SR-51 freeway, providing quick commutes to Midtown, Downtown Phoenix, and Tempe. The property's charming former-home character provides a unique aesthetic, while its central location and freeway proximity offer significant advantages for businesses seeking high visibility and easy accessibility. This is a single-building property with a Maricopa County APN of 119-04-049. Note that an adjacent 3,600 square foot building is also available for purchase.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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