2150 E CACTUS Road, Phoenix, AZ 85022

$1,800,000
Property Type: Comm/Industry Sale Square Footage: 12,201 Lot Size (sq. ft.): 48,308 Status: Closed
Current Price: $1,800,000 List Date: 2/01/2022 Last Modified: 1/13/2026

Overview

Description

Excellent value add opportunity in this busy retail center. Located on a high traffic intersection in North/Central Phoenix. Adjacent to EoS Fitness with other national tenants nearby. High vacancy property with deferred maintenance. Priced well below replacement cost. Potential for new owner to occupy space and collect lease revenue.

Listing Details MLS# 6229871

Location, Tax & Legal

Map Code/Grid
L35
House Number
2150
Compass
E
Street Name
CACTUS
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85022
Zip4
5904
Country
US
County Code
Maricopa
Subdivision
CACTUS GARDENS LOT 26-86
Assessor Number
166-14-037-L
Tax Year
2020
Assessor's Map #
14
Legal Description (Abbrev)
CACTUS GARDENS MCR 95-50 PT TR A DAF COM SE COR SD TR SD PT N R/W LN CACTUS RD TH N 110F TO TPOB TH
Assessor's Parcel #
37
Assessor Parcel Ltr
L
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
103502
Taxes
19835
Legal
CACTUS GARDENS MCR 95-50 PT TR A DAF COM SE COR SD TR SD PT N R/W LN CACTUS RD TH N 110F TO TPOB TH

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
12201
# of Buildings
Yes
Year Built
1988
Uncvrd Parking Spcs
55
Zoning
C-2

Remarks Misc

Cross Street
Cave Creek Rd & Cactus Rd
Directions
Northeast on Cave Creek Rd. to Cactus. Property on on the Northeast corner in the shopping center south to EoS.

Status Change Info

Off Market Date
2022-02-01
Under Contract Date
2022-02-01
Close of Escrow Date
2022-04-15

Legal Info

Township
3N
Range
3E
Section
15
Lot Number
-/-/A

More Information

Income Expenses

Gross Annual Sch Inc
140296.2
Net Operating Income
51717

Sold Info

Loan Type
Other
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes

Roofing

Built-Up
Yes

Floors

Concrete
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
19835
Other Income
0
Vacancy Allowance
0.75
Adjusted Gross Inc
35074.05

Building Type

Commercial
Yes

Business Type

Fast Food
Yes
Retail
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
2.3
Equity
2250000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Electric
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes
Private Restrooms
Yes

Loading Facilities

None
Yes

Source of Fincl Data

Owner
Yes
Projected Proforma
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
Parking Lot
Yes

Electric

APS
Yes

Gas

SW Gas
Yes

New Financing

Cash Only
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial Business Type: Fast Food; Retail Stories: 1 Story Construction: Block Roofing: Built-Up Floors: Concrete Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Private Restrooms Fencing: None Parking Features: Free; Parking Lot Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; 1031 Exchange Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Owner; Projected Proforma Environmental: None
IDX
Listing Office: Century 21 Arizona Foothills
Last Updated: January - 13 - 2026
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