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Listing 101 out of 511
$850,000 For Sale

2627 N 7th Street
Phoenix, AZ 85006



Commercial: Commercial - MLS# 5710423
Property Photo
1/12

Description

In the Opportunity Zone! Incredible opportunity to purchase a fully operating short term/nightly stay facility with many other possible uses. The property lends itself to a possible assisted living, rehab center or a group home facility. The current owners use part of the property for personal office and storage. To make additional income, they rent out bedrooms with common area bathrooms and bedrooms on a short term basis. Someone could continue running it this way, and possibly convert the two offices to bedrooms and make them part of the rental mix. The property sets up well for a rehab center or possibly an assisting living facility. It could also be an office or a variety of other uses. Located in the heart of Midtown Phoenix's 7th Street Corridor, this property is minutes from Phoenix Country Club to the north, the I-10 Freeway to the south, 51 Freeway to the east, and roughly 2 miles to Chase field and the Downtown Phoenix Stadium District. This portion of 7th Street has been extremely popular for revitalization and adaptive re-use projects, with old buildings or historic houses being converted into vibrant, cool, hip restaurants and cafes. Buyer to verify zoning and possible uses. The property is located on the east side of 7th Street just south of Thomas Road and offers 140 feet of prime 7th Street frontage with signage. The 2 buildings sit on one parcel totaling 17,220 total square feet. The property is approximately 3,556 square feet, has both covered and uncovered parking spaces, and already has fire sprinklers. Given its location in the heart of midtown and its close proximity to Uptown and Downtown Phoenix, significant employers in proximity to the property include major financial institutions, large banks, law offices, and government agencies. Currently operating as a 9 bedroom short term/nightly stay facility, with a possible 10th suite. Nightly rates range from $28-55 May-August & $30-75 September to April.

Features

  • Property Type: Commercial
  • Sub Type: Commercial
  • Listing Status: Active
  • County/Area: Maricopa County
  • Zip Code: 85006
  • Year Built: 1951
  • Subdivision/Neighborhood: Country Club Park Blk 3-10
  • Stories: 1 Story
  • # of Parking Spaces: 12
  • Zoning: R-4
  • Building Type: Commercial, Other (See Remarks), Office
  • Ceiling Height: 8 Feet or Less
  • Construction: Wood/Frame, Stucco
  • Covered Parking Spcs: 8.00
  • Fencing: Block, Other (See Remarks)
  • Income & Expenses: Operating Exp: 8292.00
  • Parking: Fenced, Other (See Remarks)
  • Sewer: Sewer - Public
  • Traffic Count: 15, 001 to 25, 000, Other (See Remarks)
  • Ttl Apx SqFt Bldg: 3558.00
  • Ttl Apx SqFt Land: 17220.00
  • Water: City Franchise
Courtesy of ABI Multifamily

Testimonials

Thanks for your help finding strategic freeway interchange sites for our commercial uses...all freeways, heavy analysis, deep databases, comparables, on site infrastructure analysis, flight patterns, zoning, traffic counts and even competition resulted in us acquiring numerous sites wholesale. A real pro with tons of experience. Thanks again. F Robertson
You amazed us with an all cash full price short close transaction created in 7 days to close in 45! Exceeded our highest offer by 30% and in the multimillion dollar range. Your expertise with 1031 exchange was precision. In all our dealings with Brokers over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Broker who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you! D Cunningham

WE MOVE FAST TO HELP YOU SEIZE THE OPPORTUNITY YOU SEEK!

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Contact Steve Thomas D(480) 332-6222


Steve Thomas
Landnet Ventures

stevethomas@landnetventures.com

Phone: 480 998-9909 x 101 
480 332-6222 D
7702 E Doubletree Ranch Rd, Ste 300
Scottsdale, Arizona 85258

 

 

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