$1,850,000
Phoenix, AZ 85007
MLS# 7048362
1 / 24
Property Description
Great Lease or Sale opportunities that is conveniently located in the State Capitol District! Perfect potential for an owner / user seeking to occupy part of a property while generating immediate cash flow from existing tenants! Total building size is approximately 9,583 sf and consists of 6 units with C-3 zoning. Functional and flexible floor plans to accommodate a wide range of tenant uses such as retail, medical or creative offices. Available Suites from 1,100 SF to 1,900 SF servicing the Arizona Government or nearby professional businesses. See Marketing flyer for additional suite info with floor plans.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,850,000
List Price: $1,850,000
Status: Active
List Date: 2026-06-28
Location, Tax & Legal
Assessor's Map #: 1
Legal Description (Abbrev): CAPITOL LOTS 1 & 2 BLK 4 EX S 40'
Assessor's Parcel #: 31
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 114301
Taxes: 9182
Legal: CAPITOL LOTS 1 & 2 BLK 4 EX S 40'
House Number: 1805
Compass: W
Street Name: VAN BUREN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2419
Country: US
County Code: Maricopa
Subdivision: CAPITOL ADDITION BLOCKS 3-6 12-14 TRACT A
Assessor Number: 112-01-031
Tax Year: 2025
General Property Description
Ttl Apx SqFt Bldg: 9593
Ttl Apx Net Rnt Spc: 1900
# of Buildings: 1
Uncvrd Parking Spcs: 6
Stories: 2
# of Interior Levels: 2
Flood Zone: Yes
Year Built: 1951
Zoning: C3
Currently Not Used
Sold Price Per SqFt: 192.85
Legal Info
Range: 3E
Section: 7
Township: 1N
Lot Number: 1
Construction
Block: 1
Roofing
Concrete: 1
Floors
Concrete: 1
Wood: 1
Ceramic Tile: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 9182
Other Income: 59000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 56050
Building Type
Commercial: 1
Industrial: 1
Office: 1
Other (See Remarks): 1
Business Type
Barber/Beauty: 1
Dental: 1
Office Supply: 1
Mixed: 1
Service Business: 1
Automobile: 1
Medical: 1
Storage: 1
Professional/Office: 1
Warehouse: 1
Wholesale: 1
Bar/Tavern/Lounge: 1
Other: 1
Pmt & Rate Info
Cap Rate: 3.21
Equity: 1850000
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Other: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Ceiling: 1
Cooling
Central Air: 1
Warehouse A/C: 1
Interior Features
Finished: 1
Unfinished: 1
Private Restrooms: 1
Other (See Remarks): 1
Loading Facilities
Grade Level: 1
Road Access Type
Alley: 1
City Street: 1
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Fencing
Wire: 1
None: 1
Water Source
City Franchise: 1
Master Meter: 1
Freeway/Highway
1.1 - 2 Miles: 1
Building Features
Conference Room: 1
Kitchen: 1
Security Gate: 1
Sewer
Sewer - Public: 1
Railroad
Railroad 1 - 5 Miles: 1
Parking Features
Free: 1
Parking Lot: 1
Private: 1
Paved: 1
Off Street: 1
Other: 1
See Remarks: 1
Electric
APS: 1
Gas
Other (See Remarks): 1
New Financing
1031 Exchange: 1
Lease Option: 1
Other (See Remarks): 1
Existing 3rd Loan
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Remarks Misc
Cross Street: VAN BUREN AND 18TH AVE
Geo Lat: 33.451017
Geo Lon: -112.098509
Income Expenses
Net Operating Income: 59400
Property Features
Building Type: Commercial; Industrial; Office; Other (See Remarks)
Business Type: Barber/Beauty; Dental; Office Supply; Mixed; Service Business; Automobile; Medical; Storage; Professional/Office; Warehouse; Wholesale; Bar/Tavern/Lounge; Other
Construction: Block
Roofing: Concrete
Floors: Concrete; Wood; Ceramic Tile
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Ceiling
Cooling: Central Air; Warehouse A/C
Loading Facilities: Grade Level
Interior Features: Finished; Unfinished; Private Restrooms; Other (See Remarks)
Exterior: Corner Lot; Dual Street Ftg; Curb(s) & Gutter(s); Building Sign; Sidewalk(s)
Fencing: Wire; None
Building Features: Conference Room; Kitchen; Security Gate
Parking Features: Free; Parking Lot; Private; Paved; Off Street; Other; See Remarks
Road Access Type: Alley; City Street; Dedicated Street
Electric: APS
Gas: Other (See Remarks)
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Railroad: Railroad 1 - 5 Miles
New Financing: 1031 Exchange; Lease Option; Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Other
Source of Fincl Data: Owner; Projected Proforma
Existing 3rd Loan: Other (See Remarks)
Road Surface Type: Asphalt
Environmental: None
Listing Office: RE/MAX Fine Properties
Last Updated: July - 03 - 2026
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