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5402 W GLENDALE Avenue Glendale, AZ 85301
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Key Details
Sold Price $1,115,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Park Place Blks 2,5,6
MLS Listing ID 6103079
Sold Date 06/21/21
Maintenance Fees $3,200
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1961
Annual Tax Amount $12,835
Tax Year 2020
Lot Size 1.300 Acres
Acres 1.3
Lot Dimensions 228 X 227
Property Description
Prominent corner location in Glendale Downtown area. 80% leased property with extended leases. Property is clean and in good repair.
Upgrades completed on building in 2011 for roofing and additional space added to end building. Plenty of open parking. Great traffic count.
Active and busy business' in area. City growth in progress. Heavy business activity for downtown during Holiday Seasons. 9 Parcels make
up property. Good tenant mix. 2 Prominent Monument Signage. CAP Rate is a +10% when fully leased and lease increases over next 2 years will improve.
Location
State AZ
County Maricopa
Community Park Place Blks 2, 5, 6
Zoning C2
Direction This lot sits on the very prominent corner of 54th Ave. and Glendale. Diagonally across the Street from Cerreta Candy Company.
Interior
Heating Electric
Cooling Warehouse Evap, Central A/C
Flooring Concrete
Exterior
Parking Features Free, Paved Parking, Public Parking
Fence None, Other, See Remarks
Roof Type Built-Up, Foam, Metal, Rolled/Hot Mop
Present Use Mixed Use, Retail, Service Business, Retail PAD, Automobile, Restaurant, Office, Food Service
Total Parking Spaces 56
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 147-17-103-A
Financing Cash
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