6427 S Central Avenue 100, Phoenix, AZ 85042

$1,100,000
Property Type: Comm/Industry Sale Square Footage: 3,560 Lot Size (sq. ft.): 15,204 Status: Closed
Current Price: $1,100,000 List Date: 8/17/2025 Last Modified: 10/16/2025

Overview

Description

This commercial property features a 3,560 Sq Ft building, 15,204sq Ft Lot that includes APN#11407001A, 24 parking stalls, street side parking, large commercial windows, 3 suites, 3 separate entrances and exits, 3 AC Units, C-2 Zoning, N/S alley access, landscaped bioswale that is maintained by the City of Phoenix, Excellent Central Ave Frontage & visibility. Great for a restaurant, coffee shop, bakery, or private office. Current tenants until 2/1/2026. Here is your opportunity to own a piece of what the future land use and transportation and pedestrian oriented developments will look like for small business on the South Central Light Rail Extension. Light Rail operation is slated for May 2025. This TOD Framework allows a T5-5 rezone opportunity. Great redevelopment opportunity.

Listing Details MLS# 6806591

Location, Tax & Legal

House Number
6427
Compass
S
Street Name
Central
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85042
Country
US
County Code
Maricopa
Subdivision
MATTINGLY MANORS
Assessor Number
114-07-002-A
Tax Year
2022
Unit #
100
Assessor's Map #
7
Assessor's Parcel #
2
Assessor Parcel Ltr
A
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Taxes
5471
Legal
LOT 2 BLOCK 1 MATTINGLY MANORS MCR 003034

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
3560
# of Buildings
Yes
Year Built
1957
Zoning
C2
Flood Zone
No
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Central Avenue and Baseline Rd
Directions
North on Baseline and Central Ave to Property just south of St. Catherine's Ave

Status Change Info

Off Market Date
2025-08-17
Under Contract Date
2025-03-14
Close of Escrow Date
2025-08-29

Legal Info

Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
129565.2
Net Operating Income
26546.64

Showing Notification Methods

Showing Service
Aligned Showings

Contact Info

List Agent Home Phn
602-237-7135

Sold Info

Loan Type
Conventional
Loan Years
20
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

Rolled
Yes

Floors

Concrete
Yes
Sealed
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
5471
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
129565.2

Building Type

Commercial
Yes

Business Type

Mixed
Yes
Professional/Office
Yes
Retail
Yes
Other
Yes
See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
1.9
Equity
1400000
Total Owed
0

Lockbox Type

Supra
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Heat Pump
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes

Loading Facilities

Grade Level
Yes

Source of Fincl Data

Owner
Yes

Fencing

Block
Yes
Security
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Other
Yes

Electric

SRP
Yes

Gas

SW Gas
Yes

New Financing

Cash Only
Yes
1031 Exchange
Yes

Special

Owner/Agent
Yes
Economic Redvlpmnt
Yes
Enterprise Zone
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial Business Type: Mixed; Professional/Office; Retail; Other; See Remarks Stories: 1 Story Construction: Block Roofing: Rolled Floors: Concrete; Sealed Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump Cooling: Central Air Loading Facilities: Grade Level Interior Features: Finished Fencing: Block; Security Parking Features: Other Electric: SRP Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; 1031 Exchange Lockbox Type: Supra Special: Owner/Agent; Economic Redvlpmnt; Enterprise Zone Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Environmental: None
IDX
Listing Office: RE/MAX Desert Showcase
Last Updated: October - 16 - 2025
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