Midtown Investment Property

67 E Weldon Ave Phoenix, AZ 85012

67 E Weldon Ave , Phoenix, AZ, 85012
67 E Weldon Ave , Phoenix, AZ, 85012
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$2,500,000
Last Verified:
Nov 21, 2020

Highlights

  • Multi-Tenant Stabilized Office Property.
  • Heart of Midtown Phoenix | 5 minutes from downtown
  • Minutes from Interstate-10, Interstate-17, and State Route-51
  • Directly off Central Ave. | Main North/South thoroughfare in Phoenix
  • Recently Renovated Exterior and Interior Common Areas by Ownership
  • Adjacent to numerous multifamily development sites.

Description

SVN Desert Commercial Advisors, as the sole representative to the Owner, is pleased to present for purchase 67 E Weldon Avenue. 67 E Weldon also known as Weldon Park is a multitenant, free-standing office building in the heart of Midtown Phoenix. With long tenant histories and below-market rents in a building that has been significantly renovated by its ownership, ideal for either a traditional investor or an owner-user Weldon Park is a fantastic investment opportunity in a growing market.

Located in the heart of Midtown 67 E Weldon commonly referred to as Weldon Park is a 3 story, stabilized multi-tenant office property. Located within walking distance of the Metro Phoenix Light Rail and right off of Central Ave, one of Phoenix’s main north/south thoroughfares. Weldon Park is also in close proximity to the Interstate-17, Interstate-10, and State Route-51. A true magnet for Employers and Employees, Midtown Phoenix has seen a boom of development in the last few years with multiple major projects currently in all phases of development, from planning approval to final delivery, Additionally, the land immediately to the west of the property is owned by the City of Phoenix, which almost always ends up being sold to larger developers with big visions and really forward-thinking plans.


Year Built: 1981
Building Size: 15868.0sq ft
Building Class: C
Lot Size: 0.66 acres

Map of 67 E Weldon Ave , Phoenix, AZ, 85012

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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.