🏒✨ Investment Goldmine in Phoenix’s Melrose District! ✨ The Agora

Maricopa County, Phoenix, AZ, 85013 view full address
For Sale
Listed at: September 7th, 2024
Price
$3,500,000
ARV
$5,000,000
Gross Margin
$1,500,000
Sq. Footage
25150
Type
Commercial
Parking
Garage
Year build
1987
Lot size
0.67 acres
Bedrooms
0
Bathrooms
0
Half Bathrooms
0
Summary

🏒✨ Investment Goldmine in Phoenix’s Melrose District! ✨
The Agora 


πŸ’° Seller Financing Available! πŸ’°
Take advantage of flexible financing options that make this prime office investment opportunity even more attractive!


πŸ”‘ Key Property Features:

  • 🏠 Building Size: 24,746 SF of modern office space
  • πŸš— Parking: 70 surface and covered spaces (2.83 spaces per 1,000 SF leased)
  • 🌟 Recently Renovated: Fresh exterior updates and vibrant balconies
  • πŸ“ High Visibility: Located along N 7th Avenue with excellent signage opportunities
  • πŸ—οΈ Zoning: Dual Zoning – Commercial (C-2) & Multi-Family (R-5)
  • πŸ™οΈ Location Perks: 11 minutes to Downtown Phoenix, surrounded by dining, shopping, and galleries

πŸ’Ό Seller Financing Terms
πŸ€‘ Purchase Price: $3,500,000
πŸ’΅ Down Payment: Flexible Options!
πŸ“‰ Interest Rate: Competitive Terms Available
πŸ•’ Balloon Payment: Negotiable
πŸ“… Amortization: 30 years


πŸš€ Why Invest in The Agora?

  • Immediate Cash Flow Potential: 🏒 Currently 75% occupied with negotiable month-to-month leases. Reap the benefits of in-place income or customize tenant options to fit your needs.
  • Location, Location, Location! πŸŒ† Situated in the bustling Melrose District, surrounded by shops, galleries, dining, and nightlife!
  • Flexibility: 🀝 Seller finance terms make this an attractive investment for buyers looking to leverage a low down payment and flexible terms!
  • Modern Amenities: 🌿 Bright and airy office spaces with wall-to-wall windows, balconies, and ample parking – perfect for businesses looking to set up in a prime area!

πŸ“ Prime Location Highlights:

  • β˜• Directly across from Copper Star Coffee, a beloved local drive-thru coffee spot
  • 🎨 Located in the eclectic Melrose Mile with art galleries, antique shops, and trendy dining options
  • πŸš— Easy access to Interstate 17, Piestewa Freeway, and Interstate 10 for seamless connectivity to all of Phoenix
  • πŸ™οΈ Just 11 minutes to Downtown Phoenix for additional convenience

πŸ’Ό Investment Potential:

  • Fix & Flip: 🎨 Freshen up interiors for a quick resale in this thriving business district.
  • Buy & Hold: πŸ’Ό With flexible leases and strong market demand, hold for passive income while the area continues to appreciate.
  • Owner/User Opportunity: 🏒 Move in your business and enjoy the convenience of owning a prime office space in a high-visibility location!

πŸ“ˆ Financial Breakdown:

  • Building Size: 24,746 SF
  • Sale Price: $3,500,000
  • Price per SF: $141
  • Occupancy: 75% (flexible leases)
  • Zoning: C-2, R-5 (Dual zoning: Commercial & Multi-Family)
  • Parking: 70 surface and covered spaces
  • Building Height: 3 Stories

πŸ“„ Serious Inquiries Only – Seller Financing for Qualified Buyers
To move forward with seller financing, the seller is seeking serious buyers who can submit a Letter of Intent (LOI) and provide Proof of Funds (POF). Given the attractive financing terms, this opportunity is reserved for buyers ready to take the next step. If the seller is carrying the note, it’s crucial to demonstrate your commitment to the deal.


πŸ“ž Contact Us Now – This Opportunity Won't Last!

Don’t miss your chance to secure The Agora with seller financing available! Reach out to learn more and schedule a tour.

πŸ“± Call/Text: 469-949-3363
πŸ“§ Email: jervonthompson@gmail.com


⚠️ Disclaimers:

  • Non-Refundable EMD: Commitment required before proceeding.
  • Do Not Contact Seller: Direct contact is prohibited and may result in removal from our buyer's list and potential legal action.
  • Due Diligence: All buyers must conduct their own due diligence. Information is provided based on public records and other sources, offered in good faith but not guaranteed.

πŸ’Ό Invest in the Future of Phoenix’s Melrose District – Prime location, modern office space, and flexible seller financing make this a one-of-a-kind opportunity! 🎯πŸ’₯

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Jervon Thompson

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