Address
3550 N Central Avenue Phoenix, AZ
Price
$ 4,900,000
Property Attributes
  • MLS#6282464
  • TypeBackup
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodLane Sub
  • Zip85012
  • Style
  • Year Built1958
  • Taxes$ 248937
  • Price$ 4,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage284709
  • Lot Size4.41 Acres
Listing Provided Courtesy Of:
R.O.I. Properties
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

Rare opportunity to acquire a ground lease in the heart of mid-town Phoenix. With 140 years remaining, here is your chance to acquire a passive income investment. Improvements not included in the sale comprise a 20-story office building with 284,709 rentable square feet and a three-level parking structure. 3550 N Central Avenue is located 2 miles North of Downtown Phoenix in the vibrant mid-town neighborhood. And located just a block north of the redeveloping Park Central mixed-use project, this opportunity is hard to pass on.

Price History
8/21/2021 Listed $4,900,000

General Features

Building Type Commercial, Office
Ceiling Height 8.1 Feet to 10 Feet
Construction Other (See Remarks)
Contract Status UCB (Under Contract-Backups)
Cooling Central A/C, Other
Electric Other (See Remarks)
Exterior Features Building Sign
Gas Y/N Other (See Remarks)
Heating Other
Interior Features Other (See Remarks)
Map Code/Grid P34
Ownership Leasehold
Parking Other (See Remarks)
Present Use Other
Property Type D
Public Remarks Rare opportunity to acquire a ground lease in the heart of mid-town Phoenix. With 140 years remaining
Roof Other (See Remarks)
Sewer Sewer - Public
Status Active
Stories 11+ Stories
Subdivision LANE SUB
Water City Franchise
Year Built 1958
Zoning PUD

Interior Features

Floors Other

Exterior Features

Covered Parking Spcs 1105.00
Fencing Other
Total Parking Spcs 1105.00
Uncvrd Parking Spcs 0.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Backup Average in 85012

Price
AVG $870K
$4.9M
Taxes
AVG $19,478
$248,937
Visits
AVG 91
1
Year Built
AVG 1979
1958

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.