3010 N 24th Street, Phoenix, AZ 85016 (MLS# 6710108)

3010 N 24th Street, Phoenix, AZ 85016

$669,000

Property Type: Comm/Industry Sale Square Footage: 2,354 Lot Size (sq. ft.): 7,650 Status: Closed

Current Price: $669,000 List Date: 5/24/2024 Last Modified: 9/21/2026

Overview

Description

Owner/user or investment opportunity. Fully leased storefront retail/office, multi-tenant building with 3 suites, owner occupies 1 and will lease back. Situated on the west side of 24th St just north of Thomas Rd, only 2 miles south of Biltmore Fashion park. The property offers significant visibility along heavily trafficked 24th St, and is well suited for various service-oriented boutique retailers. Extremely popular neighborhood submarket with strong fundamentals, top tier demographics, and desirability. Close to major freeways SR - 51 (0.45 mi) and I-10 (1.4 mi). Recently underwent extensive renovation and updating inside and out, with 200 amp electrical service in each suite. Large yard in back for storage or additional parking.

Listing Details MLS# 6710108

Location, Tax & Legal

House Number: 3010
Compass: N
Street Name: 24th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Country: US
County Code: Maricopa
Assessor Number: 119-17-054-D
Tax Year: 2023
Assessor's Map #: 17
Assessor's Parcel #: 54
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 4570
Legal: Provided in escrow

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Retail
Ttl Apx SqFt Bldg: 2354
# of Buildings: Yes
Year Built: 1945
Uncvrd Parking Spcs: 10
Zoning: C-2
Flood Zone: No

Remarks Misc

Cross Street: Thomas and 24th St
Directions: North on 24th St, building on west side of road.

Status Change Info

Off Market Date: 2024-11-20
Under Contract Date: 2024-10-28
Close of Escrow Date: 2024-11-15

Income Expenses

Gross Annual Sch Inc: 61344
Net Operating Income: 45379

More Information

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 602-793-2753

Sold Info

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

Construction

Block: Yes

Roofing

Foam: Yes

Floors

Concrete: Yes

Income & Expenses

Annual Elec Exp: 1996
Annual Gas Exp: 0
Annual Ins Exp: 4645
Annual Land Lse Exp: 0
Annual Landscape Exp: 2400
Annual Maint Exp: 1000
Annual Mgmt Exp: 0
Annual Trash Exp: 1366
Annual Wtr/Swr Exp: 516
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 16493
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 61344

Building Type

Commercial: Yes

Business Type

Service Business: Yes
Professional/Office: Yes
Retail: Yes
Other: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 6.72
Equity: 675000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes
Electric: Yes

Cooling

Heat Pump: Yes

Interior Features

Finished: Yes
Smoke Detector(s): Yes
Private Restrooms: Yes

Loading Facilities

Grade Level: Yes
Drive-in Door(s): Yes

Road Access Type

Alley: Yes

Road Surface Type

Asphalt: Yes

Exterior

Building Sign: Yes
Sidewalk(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

15,001 to 25,000: Yes

Fencing

Other: Yes

Water Source

City Franchise: Yes
Master Meter: Yes

Freeway/Highway

Up to 1 Mile: Yes

Building Features

Display Window(s): Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Paved: Yes

Electric

SRP: Yes
Master Meter: Yes
Over 220 Amp: Yes

Gas

Master Meter: Yes

New Financing

Sale/Leaseback: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
ALTA Survey Availbl: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial Business Type: Service Business; Professional/Office; Retail; Other Stories: 1 Story Construction: Block Roofing: Foam Floors: Concrete Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump Cooling: Heat Pump Loading Facilities: Grade Level; Drive-in Door(s) Interior Features: Finished; Smoke Detector(s); Private Restrooms Exterior: Building Sign; Sidewalk(s) Fencing: Other Building Features: Display Window(s) Parking Features: Free; Paved Road Access Type: Alley Electric: SRP; Master Meter; Over 220 Amp Gas: Master Meter Water Source: City Franchise; Master Meter Sewer: Sewer - Public New Financing: Sale/Leaseback Lockbox Type: None Source of Fincl Data: Owner Road Surface Type: Asphalt Traffic Count: 15,001 to 25,000 Environmental: None

Listing Office: Real Broker

Last Updated: September - 21 - 2026