20,000SF C-2 on 2.5 acres Northern Frontage

3415 W. Northern Ave Phoenix, AZ 85051

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FOR SALE Incentives
Property Type:
Big Box Retail
Amount:
$1,195,000
Last Verified:
Sep 23, 2016


Owner offering Terms: 40% down payment, 20yr amortization @ 6% with 6 year balloon payment.
There is +/- 6,000SF of space that can be rented.
BINGO occupies +/- 14,000SF
Frontage on Northern Avenue with large pylon display sign.
Tenant on month-to-month and will move out with new buyer
LARGE parking area offering 182 parking spaces or 11:1 ratio.
New solid core foam roof applied less than 4 years ago.
All block construction with steel girder support and newer roof.
Large parking lot could be used for outside storage of boats, cars & RV's.
Inside could be converted to self storage units.
14 new air conditioners, each with a theft protection alarm in case of tampering.

Year Built: 1967
Building Size: 19672.0sq ft
Lot Size: 2.5 acres

Map of 3415 W. Northern Ave , Phoenix, AZ, 85051

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.