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220 E SOUTHERN Avenue Phoenix, AZ 85040
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Key Details
Sold Price $1,580,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Commercial Center
MLS Listing ID 6585376
Sold Date 11/30/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1999
Annual Tax Amount $39,942
Tax Year 2022
Lot Size 1.603 Acres
Acres 1.6
Property Description
Golden Plaza (220 E Southern Ave) presents a compelling opportunity as a heavy-value add retail strip center in a South Phoenix Opportunity Zone. The property is situated close to the forthcoming Light Rail expansion and benefits from increased accessibility and economic growth. Boasting a diverse tenant mix on short-term leases, this value-add deal is further enhanced by its spacious 1.62- acre lot, offering ample parking at a rate of 4.40 spaces per 1,000 square feet. By implementing targeted capital improvements, this center has the potential to transform into a high-performing asset.
Location
State AZ
County Maricopa
Community Commercial Center
Zoning C-2
Direction South Central Ave, Turn West on East Southern Ave, and property is located on left
Interior
Heating Other, See Remarks
Cooling Other, See Remarks, Central A/C
Flooring Other
Exterior
Parking Features Paved Parking, Free
Fence None
Roof Type Built-Up
Present Use Retail
Total Parking Spaces 74
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 113-43-059
Financing Other
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Bought with American Realty Brokers