3502 Greenway Rd Phoenix, AZ 85053-3847
Property summary
This thriving beauty salon in Phoenix, Arizona, presents a fantastic owner-user or hands-off investment opportunity. Located at 3502 W Greenway Rd, 85053, this 1,200 square foot space boasts five hair stylist stations and one nail technician station. The business is established in a prime Northwest Valley location with a strong track record. Currently operating under a leasehold ownership structure, the asking price is $15,000. The current lease is a 5-year NNN (Triple Net) lease with a remaining term of 5 years. The monthly rent is $1200, with additional NNN expenses of $532 per month. The landlord has indicated a willingness to extend the lease for another three to five years to a qualified tenant. Lease terms are negotiable. The price per square foot is $20.83. This is a walk-by-only opportunity; please do not disturb business operations. This asset sale is ideal for an owner-operator seeking an established business or an investor looking for a hands-off approach with a manager already in place. The property is situated in Maricopa County.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Veterinary Clinic
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(Bike/Boat/Book/etc) Store
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Bakery Specialty Food Shop
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Hair Salon
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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
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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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