4802 59th Ave Phoenix, AZ 85033-1702

Property Details for 4802 59th Ave

Lot size

9.67 lot acres

Zone code

R-43AG

Property type

Mining Land & Claims

APN

104-65-004B

APU

10465004B

Description

This exceptional 16,676 square foot property, situated on a generous 5.75-acre lot (250,569 square feet) in Phoenix, Arizona, presents a unique investment opportunity. Previously utilized as the Maryvale Bridge United Methodist Church, the property boasts three distinct buildings constructed in 1962 and interconnected by walkways. The main sanctuary building encompasses approximately 5,552 square feet, featuring distinctive ceilings and stained-glass windows. Two additional buildings, totaling approximately 11,124 square feet, include a commercial kitchen, classrooms, and offices. The property features a large parking area accessible from 59th Avenue, along with a basketball court and playground. With 293 feet of frontage on Camelback Road, the property offers significant potential for future development. The property is zoned R 1-6 and has a Maricopa County APN of 144-72-198E. The buildings are constructed of concrete masonry units (CMU) with flat and partially built-up roofs. Cooling is provided by both roof-mounted and floor-based air conditioning systems. Currently, the occupancy is at 10%, generating a net operating income (NOI) of $100,000. The asking price is $3,000,000, representing a price per square foot of $179.90. The lease type is modified, with multi-tenancy and month-to-month lease options available.