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9002 47th Ave Glendale, AZ 85302-3600

OFF-MARKET Grocery and convenience stores Google Maps
2,640 SF 0.26 ac lot Built 1974
Entity Owned Free & Clear
Estimated value (blended)
$750k
Range $675k – $825k (±10%)
Property ID US07-1772154

Property summary

AI-generated overview

This exceptional investment opportunity presents a vacant, freestanding retail building ideally situated in Glendale, Arizona's thriving 85302 zip code. The property, boasting 2,400 square feet on an 11,160 square foot lot (APN 148 08 002M), is priced at $699,000, translating to $291.25 per square foot. Constructed in 1974, this single-building, single-unit property offers significant potential for owner-users or investors seeking a prime location within a densely populated trade area. Its convenient storefront configuration, categorized as both a convenience store and storefront, makes it adaptable to a variety of retail uses. The strategic location at the busy intersection of Olive Avenue and 47th Avenue ensures high visibility and accessibility, benefiting from substantial traffic flow and proximity to residential neighborhoods and other retail establishments. This property presents a rare chance to acquire a well-positioned retail asset in a high-demand market. The vacant status allows for immediate customization and occupancy, making it an attractive proposition for entrepreneurs and investors alike. The property's size and location offer considerable potential for growth and return on investment.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1974
Construction CONCRETE
Total area 2,640 SF
Lot 0.26 ac (11,151 SF)
Zoning code C-1
APN 148-08-002M
UPID US07-1772154

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
  • Grocery & Convenience Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$722k
Blend (final) Blend
$750k

Owner & transaction history

since 2026
Last sale
$800,000
2 recorded transactions
2026
$800,000
1998
$152,000

Zoning & alternative use

C-1 · Glendale, AZ
Zoning description

an Residence) Use Standards - see Table 2.200-1 R1-10, R1-8, R1-7, R1-6, & R1-4 (Single Family Residence) Use Standards - see Table 2.300-1 R-2, R-3, R-4, & R-5 (Multi-Family Residence) Use Standards - see Table 2.400-1…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.2M +51.6%
Office building $845,000 +10.8%
Commercial (general) $810,000 +6.1%

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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