3802 28th St, Phoenix, AZ 85016-6839
This exceptional Phoenix light industrial property, situated on a generous 0.78-acre lot at 3802 S 28TH Street Unit 3802, presents a unique investment opportunity. Priced at $2,150,000, the property boasts significant versatility due to its multi-family zoning designation. Currently configured as five separate units, the property is ideally suited for automotive uses, featuring eleven roll-up doors and a fully functional paint booth. The existing structure includes a substantial 1158 square foot office space, currently utilized as a manager's residence, offering additional flexibility for future use. The property benefits from a recently replaced roof (2021), ensuring long-term cost savings and reduced maintenance. Its expansive size and strategic location in Phoenix make it an attractive proposition for a variety of businesses, from automotive repair and auto body shops to other industrial or even residential ventures, given the multi-family zoning. The combination of existing infrastructure, ample space, and flexible zoning makes this a truly remarkable investment opportunity with significant potential for future growth and high return on investment. Serious inquiries are encouraged to explore the full potential of this exceptional property.
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Camelback Courtyard Apartment Building Apartment Complex
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Phoenix, AZPhoenix. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.