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Map
$377,743*
●
Commercial -
Off Market
18205 N 51ST Avenue #115
Glendale, AZ 85308
Studio
0 Bath
8961 Sqft
$342,000 - $418,000
Reference Base Price*
-0.59%
Since Nov 1, 2023
AZ-Phoenix
Primary Model
About This Property
Discover a Versatile Investment Opportunity: Introducing an
exceptional commercial real estate opportunity for investors and
owner-occupiers alike - a 1,221 square foot office condo with the
unique potential for partial owner occupancy and lease income.
Situated in a highly desirable location, this well-maintained
property is designed to meet the diverse needs of businesses
seeking a strategic foothold in the thriving commercial landscape.
Property Highlights:
Location: Located conveniently the Arrowhead and Deer Valley submarkets, this office condo enjoys easy access to major thoroughfares, public transportation, and other vibrant business and community activities. The professional appearance of the Arrowhead Office Complex enhances the overall appeal of this property.
Space Configuration: This 1,221 square foot office condo is thoughtfully divided into two distinct sections, each boasting 2 spacious office spaces and a built-in sink/small kitchen area. Shared bathroom facilities provide convenience for all occupants.
Owner-Occupied Potential: One side of the condo is elegantly furnished, offering a turnkey solution for an owner-occupier. Ideal for professionals and businesses looking for a ready-to-move-in workspace, this mostly furnished section provides a comfortable and productive environment.
Lease Income Opportunity: The other side of the condo is currently tenant-occupied, with the existing furnishings belonging to the tenant. These tenants are on a month-to-month lease, affording flexibility for a new owner. This setup presents a steady stream of income for investors, making it an attractive investment opportunity.
Versatile Investment: Whether you are an owner-occupier looking for a place to conduct business or an investor seeking to capitalize on the robust demand for small commercial spaces, this property offers both options. You can choose to occupy the entire property, occupy the furnished side while enjoying the benefits of rental income from the other section, or see the value-added opportunity to retain add more tenants for continued cash flow.
Invest with Confidence: This office condo has been meticulously maintained, ensuring a professional and inviting environment for tenants and clients alike. The recently installed HVAC is an overall benefit along with the monument sign to draw customers to the property, plentiful parking, and easy access. Its prime location, flexible layout, and income potential make it a smart choice for those seeking long-term value and returns on their investment.
Don't miss the chance to secure your stake in this dynamic commercial real estate market.
The manager has listed the unit size as 8961 square feet.
Location: Located conveniently the Arrowhead and Deer Valley submarkets, this office condo enjoys easy access to major thoroughfares, public transportation, and other vibrant business and community activities. The professional appearance of the Arrowhead Office Complex enhances the overall appeal of this property.
Space Configuration: This 1,221 square foot office condo is thoughtfully divided into two distinct sections, each boasting 2 spacious office spaces and a built-in sink/small kitchen area. Shared bathroom facilities provide convenience for all occupants.
Owner-Occupied Potential: One side of the condo is elegantly furnished, offering a turnkey solution for an owner-occupier. Ideal for professionals and businesses looking for a ready-to-move-in workspace, this mostly furnished section provides a comfortable and productive environment.
Lease Income Opportunity: The other side of the condo is currently tenant-occupied, with the existing furnishings belonging to the tenant. These tenants are on a month-to-month lease, affording flexibility for a new owner. This setup presents a steady stream of income for investors, making it an attractive investment opportunity.
Versatile Investment: Whether you are an owner-occupier looking for a place to conduct business or an investor seeking to capitalize on the robust demand for small commercial spaces, this property offers both options. You can choose to occupy the entire property, occupy the furnished side while enjoying the benefits of rental income from the other section, or see the value-added opportunity to retain add more tenants for continued cash flow.
Invest with Confidence: This office condo has been meticulously maintained, ensuring a professional and inviting environment for tenants and clients alike. The recently installed HVAC is an overall benefit along with the monument sign to draw customers to the property, plentiful parking, and easy access. Its prime location, flexible layout, and income potential make it a smart choice for those seeking long-term value and returns on their investment.
Don't miss the chance to secure your stake in this dynamic commercial real estate market.
The manager has listed the unit size as 8961 square feet.
Unit Size
8,961Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$42
Property Type
Commercial
Property Taxes
$283
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 28, 2023 | No longer available | - | |
No longer available | |||
Sep 22, 2023 | Listed | $380,000 | |
Listed |
Property Highlights
Air Conditioning
Exterior Details
Exterior Information
Stucco
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
Other
Loft
2
Baths
1,650 ft²
$230/ft²
$379,900
Sep 1, 2023
-
$91/mo
Active
Other
Loft
2
Baths
1,466 ft²
$292/ft²
$428,000
Apr 3, 2023
-
$93/mo
In Contract
Other
Loft
2
Baths
1,558 ft²
$272/ft²
$424,500
Aug 3, 2023
-
$98/mo
Active
Other
Loft
2
Baths
1,650 ft²
$261/ft²
$429,900
Sep 7, 2023
-
$111/mo
In Contract
Other
Loft
1
Bath
1,000 ft²
$335/ft²
$335,000
Aug 4, 2023
-
$66/mo
In Contract
Townhouse
3
Beds
2
Baths
1,256 ft²
$278/ft²
$349,000
Sep 24, 2023
-
$352/mo
Active
Townhouse
3
Beds
2
Baths
1,256 ft²
$255/ft²
$320,000
Oct 8, 2023
-
$362/mo
In Contract
Townhouse
2
Beds
2
Baths
1,256 ft²
$256/ft²
$322,000
Aug 3, 2023
-
$353/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/09/2021
|
Loft
|
-
|
8961 ft²
|
$239,187
Loft
-
8961 ft²
|
$239,187
06/16/2021
|
-
|
Scot E Hall
|
|
04/21/2019
|
Loft
|
-
|
8600 ft²
|
$219,900
Loft
-
8600 ft²
|
-
-
|
-
|
-
|
|
09/06/2018
|
Studio
|
-
|
8961 ft²
|
-
Studio
-
8961 ft²
|
-
-
|
-
|
-
|
|
09/06/2018
|
Studio
|
-
|
8961 ft²
|
-
Studio
-
8961 ft²
|
-
-
|
-
|
-
|
Building Info
18205 North 51st Avenue
18205 North 51st Avenue, Glendale, AZ 85308
- 1 Unit for Sale