2226 W Camelback Road

    Phoenix, AZ 85015
    • $769,000
    • STATUS: Active
    • ON SITE: 192 days
    • MLS #: 5920608
    UPDATED: 42 min ago
    $769,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,041
      SQFT
    • $739
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:
    Area:

    School Ratings & Info

    Description

    Used car lot and used car sales. This property is leased on a NNN lease and is an ideal investment opportunity offering phenomenal 9.3% cap rate. The current tenants lease is up but wants to sign a new 5 year lease if you are looking for an investment. If you are an owner occupier it can be vacant within 30 days. This lot has been consistently leased for years on a triple net lease offering a great return. The previous tenant grossed over $3M per year. Includes mechanics car lift, prominent neon and fluorescent pole sign. Well lit sales area. Holds 52 cars. Prime location on busy Camelback Rd just east of I-17. High traffic count. Next to Discount Tire, near Bill Luke Chrysler Jeep and 3 blocks from the Light Rail. Opposite new mall development.

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-13T11:11:27.267.
    www.klausteam.com/homes/94410319

    2226 W Camelback Road Phoenix, AZ 85015

    • Price: $769,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 5920608
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    1,041
    SQFT
    $739
    $/SQFT
    1980
    Built
    Neighborhood:
    Camelback Gardens
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    Used car lot and used car sales. This property is leased on a NNN lease and is an ideal investment opportunity offering phenomenal 9.3% cap rate. The current tenants lease is up but wants to sign a new 5 year lease if you are looking for an investment. If you are an owner occupier it can be vacant within 30 days. This lot has been consistently leased for years on a triple net lease offering a great return. The previous tenant grossed over $3M per year. Includes mechanics car lift, prominent neon and fluorescent pole sign. Well lit sales area. Holds 52 cars. Prime location on busy Camelback Rd just east of I-17. High traffic count. Next to Discount Tire, near Bill Luke Chrysler Jeep and 3 blocks from the Light Rail. Opposite new mall development.
    Exterior Features

    Construction Tilt-UpBlock Covered Parking Spaces 0.00 Exterior Features Storage YardPole SignBuilding SignSecurity Light(S) Fencing Security Fenced Yard Freeway Highway Up To 1 Mile Parking Paved Parking Roads Asphalt/Blacktop Roofing Foam Stories 1 Story Total Parking Spaces 52.00 Uncovered Parking Spaces 52.00

    Interior Features

    Amenities Reception RoomKitchen Ceiling Height 8.1 Feet To 10 Feet Cooling Central A/COffice A/C Flooring Concrete Heating Electric Interior Features Finished

    Property Features

    Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Building Type Commercial Cross Street Camelback & 22nd Ave Current Use AutomobileRetail Electric ApsOver 220 Amp3 Phase Power Gas None Gross Annual Sch Inc 0.00 Hoa Fee 0.00 Hoa YN No Loading Facilities Drive-In Door(S) Lot Number 15 Net Operating Income 82900.00 Operating Exp 4750.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 4750.00 Traffic Count 35001 To 50000 Vacancy Allowance 0.00 Water City Franchise Zoning C2

    Listing courtesy of Century 21 Arizona Foothills.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Kenny Klaus Team | Keller Williams Integrity First. Data last updated 2019-11-13T11:11:27.267.
     
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