• Price $769,000
  • Sq. Ft.1,041
  • Acres0.37
  • Built1980
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2226 W Camelback Road ,

Used car lot and used car sales. This property is leased on a NNN lease and is an ideal investment opportunity offering phenomenal 9.3% cap rate. The current tenants lease is up but wants to sign a new 5 year lease if you are looking for an investment. If you are an owner occupier it can be vacant within 30 days. This lot has been consistently leased for years on a triple net lease offering a great return. The previous tenant grossed over $3M per year. Includes mechanics car lift, prominent neon and fluorescent pole sign. Well lit sales area. Holds 52 cars. Prime location on busy Camelback Rd just east of I-17. High traffic count. Next to Discount Tire, near Bill Luke Chrysler Jeep and 3 blocks from the Light Rail. Opposite new mall development.

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Essential Information

  • MLS® #5920608
  • Price$769,000
  • Taxes$4,750
  • Square Footage1,041
  • Acres0.37
  • Year Built1980
  • TypeCommercial Sale
  • Sub-TypeCommercial
  • StatusActive

Amenities

  • AmenitiesReception Room, Kitchen
  • Garage Spaces52
  • ParkingPaved Parking

Exterior

  • Exterior FeaturesStorage Yard, Pole Sign, Building Sign, Security Light(s)
  • RoofFoam
  • ConstructionTilt-Up, Block

Listing Details

  • Listing OfficeCentury 21 Arizona Foothills

Community Information

  • Address2226 W Camelback Road
  • SubdivisionCAMELBACK GARDENS
  • StateAZ

Interior

  • Interior FeaturesFinished
  • HeatingElectric
  • CoolingCentral A/C, Office A/C
  • Stories1 Story

Additional Information

  • ZoningC2

Property Location

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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 November 17th, 2019 at 6:03am AKST.

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