702 W DUNLAP Avenue, Phoenix, AZ 85021 (MLS# 7036375)

702 W DUNLAP Avenue, Phoenix, AZ 85021

$2,050,000

Property Type: Comm/Industry Sale Square Footage: 9,490 Lot Size (sq. ft.): 22,651 Status: Active

Current Price: $2,050,000 List Date: 6/02/2026 Last Modified: 7/15/2026

Overview

Description

Prime Commercial Investment Opportunity in Sunny Slope. Exceptional corner-lot commercial property located in the highly desirable Sunny Slope neighborhood at the intersection of 7th Avenue and Dunlap Avenue. Positioned in the path of growth with numerous new developments nearby, this versatile mixed-use building offers both immediate income and future upside. The property features two existing retail spaces, three kitchen/prep areas, two public restrooms, and two private restrooms on the ground floor, providing flexibility for a variety of commercial uses including retail, catering, food production, or specialty service businesses. The second floor includes four private offices and an additional private restroom, making it ideal for administrative, professional, or creative work spa

Supplements: The building currently benefits from two established tenants with leases in place, generating immediate rental income. Existing tenants include a wholesale candy distributor and a retail candy store that has recently undergone significant upgrades and improvements. Additional highlights include excellent visibility, strong street presence, easy ac ... (Read more)

Listing Details MLS# 7036375

Location, Tax & Legal

House Number: 702
Compass: W
Street Name: DUNLAP
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85021
Zip4: 3529
Country: US
County Code: Maricopa
Subdivision: FOOTHILL ACRES LOTS 1-10
Assessor Number: 158-31-029-H
Tax Year: 2025
Assessor's Map #: 31
Legal Description (Abbrev): S 190' OF E 190' OF SE4 EX S 40' & E 40' & EX 15' X 15' TRI IN SE COR TH/OF P/D 5551/593 .52 AC
Assessor's Parcel #: 29
Assessor Parcel Ltr: H
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104501
Taxes: 12854
Legal: S 190' OF E 190' OF SE4 EX S 40' & E 40' & EX 15' X 15' TRI IN SE COR TH/OF P/D 5551/593 .52 AC

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 9490
# of Buildings: Yes
Year Built: 1976
Uncvrd Parking Spcs: 6
Zoning: C-1

Remarks Misc

Cross Street: 7th ave and Dunlap Ave
Directions: north west corner of 7th ave and Dunlap Ave

Legal Info

Township: 3N
Range: 3E
Section: 30
Lot Number: 029H

Income Expenses

Gross Annual Sch Inc: 180000
Net Operating Income: 180000

More Information

Showing Notification Methods

Showing Service: Aligned Showings

Currently Not Used

Sold Price Per SqFt: 216.02

Construction

Stucco: Yes

Roofing

Rolled: Yes

Floors

Vinyl: Yes
Ceramic Tile: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 180000

Building Type

Commercial: Yes

Business Type

Mixed: Yes
Retail: Yes
Wholesale: Yes
Food Service: Yes

Pmt & Rate Info

Cap Rate: 7.2
Equity: 2500000
Total Owed: 0

Lockbox Type

Other: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Forced Air: Yes

Cooling

Central Air: Yes

Interior Features

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

Loading Facilities

None: Yes

Road Access Type

City Street: Yes

Exterior

Corner Lot: Yes
Sidewalk(s): Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Structure: Yes

Electric

APS: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial Business Type: Mixed; Retail; Wholesale; Food Service Construction: Stucco Roofing: Rolled Floors: Vinyl; Ceramic Tile Ceiling Height: 8.1 Feet to 10 Feet Heating: Forced Air Cooling: Central Air Loading Facilities: None Interior Features: Finished; Smoke Detector(s); Security Light(s); Private Restrooms Exterior: Corner Lot; Sidewalk(s) Fencing: None Parking Features: Parking Structure Road Access Type: City Street Road Responsibility: City Maintained Road Electric: APS Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange Lockbox Type: Other Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Environmental: None

Listing Office: CMEH Realty

Last Updated: July - 15 - 2026