6427 S Central Avenue, 100, Phoenix, AZ 85042
$1,100,000
Property Type:
Comm/Industry Sale
Square Footage:
3,560
Lot Size (sq. ft.):
15,204
Status:
Closed
Current Price:
$1,100,000
List Date:
8/17/2025
Last Modified:
8/30/2025
Description
This commercial property features a 3,560 Sq Ft building, 15,204sq Ft Lot that includes APN#11407001A, 24 parking stalls, street side parking, large commercial windows, 3 suites, 3 separate entrances and exits, 3 AC Units, C-2 Zoning, N/S alley access, landscaped bioswale that is maintained by the City of Phoenix, Excellent Central Ave Frontage & visibility. Great for a restaurant, coffee shop, bakery, or private office. Current tenants until 2/1/2026. Here is your opportunity to own a piece of what the future land use and transportation and pedestrian oriented developments will look like for small business on the South Central Light Rail Extension. Light Rail operation is slated for May 2025. This TOD Framework allows a T5-5 rezone opportunity. Great redevelopment opportunity.
More Information MLS# 6806591
Contract Info
Current Price: $1,100,000
Sold Price: $1,100,000
Status: Closed
List Date: 2025-01-17
Ownership: Fee Simple
Location Tax Legal
House Number: 6427
Compass: S
Street Name: Central
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85042
County Code: Maricopa
Subdivision: MATTINGLY MANORS
Assessor Number: 114-07-002-A
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 3560
# of Buildings: 1
Year Built: 1957
Zoning: C2
Flood Zone: No
Remarks Misc
Cross Street: Central Avenue and Baseline Rd
Directions: North on Baseline and Central Ave to Property just south of St. Catherine's Ave
Geo Lat: 33.387332
Geo Lon: -112.072981
Status Change Info
Off Market Date: 2025-08-17
Under Contract Date: 2025-03-14
Close of Escrow Date: 2025-08-29
Sold Price: $1,100,000
Legal Info
Lot Number: 1
Income Expenses
Gross Annual Sch Inc: 129565.2
Net Operating Income: 26546.64
Showing Notification Methods
Showing Service: Aligned Showings
Contact Info
List Agent Home Phn: 602-237-7135
Sold Info
Loan Type: Conventional
Loan Years: 20
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: $
Property Features
Building Type: Commercial
Business Type: Mixed; Professional/Office; Retail; Other; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Rolled
Floors: Concrete; Sealed
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central Air
Loading Facilities: Grade Level
Interior: Finished
Fencing: Block; Security
Parking Features: Other
Electric: SRP
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; 1031 Exchange
Lockbox Type: Supra
Special: Owner/Agent; Economic Redvlpmnt; Enterprise Zone
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Environmental: None
Listing Office: RE/MAX Desert Showcase
Last Updated: August - 30 - 2025
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