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Property profile & analytics
OFF-MARKET
Office Units

2405 Fairmount Ave Phoenix, AZ 85016

1,374 SF Built 1950
Property ID
US07-3261313
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Units
Year built 1950
Total area 1,374 SF
APN 119-04-049
UPID US07-3261313
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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