Property profile

3309 3Rd St Phoenix, AZ 85012

OFF-MARKET
Retail properties & Spaces
Property ID
US07-1378467
3,798 SF Built 1932
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Property summary

AI-generated overview

This exceptional commercial property, located at the southeast corner of 3rd Street and Mulberry in vibrant Midtown Phoenix, presents a compelling redevelopment opportunity. The 12,500 square foot lot encompasses two parcels (APN 118-22-066, 118-22-067) and includes a 3,798 square foot building, currently vacant. Built in 1932, the property is classified as Class C and zoned C-1 Neighborhood Commercial, offering significant flexibility for a variety of commercial uses. Previously utilized as a guitar shop, this location benefits from high visibility and convenient access. The property's vacant status makes it ideal for owner-occupancy or adaptive reuse. Situated just a 15-minute drive from Phoenix Sky Harbor International Airport, this location offers unparalleled convenience and accessibility. The asking price for this prime investment opportunity is $1,400,000. Don't miss this chance to acquire a significant piece of Midtown Phoenix real estate with substantial redevelopment potential.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1932
Total area 3,798 SF
UPID US07-1378467

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

3309 3Rd St Phoenix, AZ 85012
Phoenix metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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