Entity Owned Property summary
This Phoenix, Arizona, retail property at 927 W. Hatcher Rd offers a compelling investment opportunity. The 5,664 square foot, fully leased (100% occupancy as of February 8, 2024), multi-tenant storefront boasts five units in a Class C building constructed in 1985. Located in Maricopa County, with a C-2 zoning permit, the property sits on a 16,200 square foot lot. The asking price is $1,000,000, representing a price per square foot of $176.55 and a 6.42% capitalization rate. The current Net Operating Income (NOI) is $64,193. The property benefits from a majority of tenants having scheduled rent increases. Its location on Hatcher Road provides high visibility and foot traffic, with convenient access to major transportation routes and a mix of residential and commercial developments nearby. This institutional-grade investment presents a strong cash flow potential with a stable tenant base. The property's versatile layout is suitable for a variety of retail concepts. Ample parking is available. The APN is 158-31-027M. This is a fully leased, multi-tenant retail shopping plaza in North Central Phoenix.
Property profile
VerifiedCap rate & NOI
Current use
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Barber Shop
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Production Facility
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Marketing & Advertising Advertising Agency
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Restaurant
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Advertising Agency Marketing & Advertising
Location
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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Cap rate
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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
Official district profile
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
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Phoenix, AZ.
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