220 E SOUTHERN Avenue, Phoenix, AZ 85040
$1,580,000
Property Type:
Comm/Industry Sale
Square Footage:
16,594
Lot Size (sq. ft.):
69,831
Status:
Closed
Current Price:
$1,580,000
List Date:
7/27/2023
Last Modified:
6/07/2025
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.
More Information MLS# 6585376
Contract Info
Current Price: $1,580,000
Sold Price: $1,580,000
Status: Closed
List Date: 2023-07-27
Ownership: Fee Simple
Location Tax Legal
House Number: 220
Compass: E
Street Name: SOUTHERN
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 3034
Country: US
County Code: Maricopa
Subdivision: COMMERCIAL CENTER
Assessor Number: 113-43-059
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 16594
# of Buildings: 1
Year Built: 1999
Uncvrd Parking Spcs: 74
Zoning: C-2
Remarks Misc
Cross Street: Southern Ave and Central Ave
Directions: South Central Ave, Turn West on East Southern Ave, and property is located on left
Geo Lat: 33.392663
Geo Lon: -112.070677
Status Change Info
Status Change Date: 2023-11-30
Off Market Date: 2023-11-02
Under Contract Date: 2023-10-31
Close of Escrow Date: 2023-11-30
Sold Price: $1,580,000
Legal Info
Township: 1N
Range: 3E
Section: 29
Lot Number: 1
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Business Type: Retail
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Central Air; Other; See Remarks
Loading Facilities: None
Interior: Other (See Remarks)
Exterior: Corner Lot; Roof Sign; Monument Sign
Fencing: None
Parking Features: Free; Paved
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Other (See Remarks)
Use Restrictions: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: R.O.I. Properties
Last Updated: June - 07 - 2025
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