• Price $850,000
  • Sq. Ft.3,558
  • Acres0.40
  • Built1951
Receive text updates on this listing

2627 N 7th Street ,

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.

Need to sell your home to buy this one?

Find out HOW MUCH it will sell for TODAY!

Click Here

Essential Information

  • MLS® #5710423
  • Price$850,000
  • Taxes$8,292
  • Square Footage3,558
  • Acres0.40
  • Year Built1951
  • TypeCommercial Sale
  • Sub-TypeCommercial, Other (See Remarks), Office
  • StatusActive

Amenities

  • Garage Spaces12
  • ParkingFenced, Other (See Remarks)

Exterior

  • Exterior FeaturesOther (See Remarks)
  • RoofOther (See Remarks)
  • ConstructionWood/Frame, Stucco

Listing Details

  • Listing OfficeAbi Multifamily

Community Information

  • Address2627 N 7th Street
  • SubdivisionCOUNTRY CLUB PARK BLK 3-10
  • StateAZ

Interior

  • Interior FeaturesOther (See Remarks)
  • HeatingOther (See Remarks)
  • CoolingOther (See Remarks)
  • Stories1 Story

Additional Information

  • ZoningR-4

Property Location

Get directions to this property:
Please provide a valid email address.

Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than eXp Realty. Copyright 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on August 17th, 2019 at 4:32pm AKDT.

eXp Realty Logo