702 West Dunlap Avenue is an amazing commercial kitchen / office investment property offered below replacement cost. The property is located at the north end of the coveted North Central Phoenix submarket. It is located at the intersection of two major arterial streets and is approximately 2 miles to the I-17 to the west and about 3 miles to the SR-51 Freeway to the east. If you want to be centrally located to everything you could want and need in the Phoenix area, North Central Phoenix is the place to be. Beautiful, historic streets are lined with mature trees, adding shade and a Midwestern feeling unique to this desert metropolis. Central Avenue, a half mile east of the property... ...it is laced with historic sites, carves throughout the area giving residents easy access to just about anywhere else in the city. The walkable, quaint lifestyle beckons to those looking for city amenities but suburban life. From the farmers market, to the miles of hiking paths running right through the center of town, it is clear why North Central Phoenix is one of the fastest growing parts of town. 702 West Dunlap Avenue is a solidly constructed, 10, 120+/- (buyer to verify) SF building, built in 1976 and upgraded over time. The property contains two commercial kitchens with two grease traps and a type one hood. Recent upgrades include all new commercial grade Trane air conditioning units (approximately 2020), 1200 AMP three phase electrical, and new roof. The property sits on over a half acre of land. The original intent was for the property to be a mid-rise building, so the building was "over-built" with CMU block construction, etc. It is a very solidly constructed building and the offering price is well below replacement cost.

Listing courtesy of ABI Multifamily.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data Last Update: 2024-05-08 12:40 AM UTC