Scottsdale Coldwell Banker Real Estate

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Sold Date6/30/2022
Closed

715 E SIERRA VISTA DrivePhoenix, Arizona AZ85014-1260

Listing ID6241672

3,579 SqFt 0.300 Acres

$750,000

Rare single-tenant freestanding boutique commercial building in highly sought after North Central Phoenix corridor. Ideal for an owner/user, investor, or developer. The property has 14 marked parking spaces and approximately 1,000 square feet of paver stone patio area. The one-level structure is currently configured as an educational facility with private offices, classrooms, meeting and multi-purpose rooms, and an outdoor masonry block and grassy courtyard area. Buildings like this rarely trade in this corridor, making it a unique opportunityminutes from Sky Harbor International Airport, Downtown Phoenix, and major highways. Rental comparables range from $15.57-$27.00 full-service price per foot. Utilizing $21.00 afoot, the annual revenue could be somewhere around $75,138
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