Midtown Owner-User Office For Sale

201 E. Lexington Ave Phoenix, AZ 85012

201 E. Lexington Ave, Phoenix, AZ, 85012
201 E. Lexington Ave, Phoenix, AZ, 85012
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$417,600
Last Verified:
Sep 21, 2020

Highlights

  • Owner User Office Space
  • ± 320 SF detached structure w/ income in place
  • 2 Bathrooms in main building, 1 bathroom in detached office
  • Reception area in front, with separate offices throughout
  • 3 covered parking spots on rear, 3 uncovered in front
  • Waking distance to Park Central, Creighton University College of Nursing
  • Nearby access to I-10 and 51 freeways

Description

SVN is pleased to present to the market for sale this ±2,088 SF owner-user office space on a 0.16 AC lot in Midtown Phoenix. The property consists of a ± 1,768 SF main building, currently owner-occupied, as well as a ± 320 SF single tenant detached office space that is leased month-to-month at ±$525 monthly rent. The building contains a reception/waiting area in the front, with divided offices throughout. There are three total bathrooms on property, with two in the main building and one in the detached office space. There is parking out front for visitors, as well as 3 covered spaces on the rear of the property.

Located two blocks east of Central Avenue, and just south of Osborn Road, the subject property is within minutes of Park Central and Creighton College of Nursing in Midtown Phoenix. The property also sits in immediate proximity of the Metro Light Rail, as well as convenient access to the I-10 and SR-51 freeways. The immediate area is experiencing major redevelopment, revitalizing this area once again to a trendy urban environment with an abundance of bars, restaurants, and other retail amenities in the sub market.

Building Size: 2088.0sq ft
Building Class: C
Lot Size: 0.16 acres

Map of 201 E. Lexington Ave, Phoenix, AZ, 85012

Presented by:
Thumb_pic

Request additional information
Icon_9cc6e437fb


Icon_pic


Icon_default


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

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.