$289,900
Phoenix, AZ 85007
MLS# 7005627
1 / 6
Property Description
Zoned C-3 with a ton of upside and just a tremendous opportunity for an owner user or an entry level investor with a great price point. Typical rents for this property type start at $2,500 per month as seen in the proforma. The building has front parking area with freshly painted interior and exterior, new tile flooring, updated plumbing and electric, new roofing system, and 2 new drive gates. There is a ton of space in the back to add shipping containers or build a small warehouse for extra storage. The interior of the building features tile flooring, a private, full bathroom, open kitchenette, aluminum windows, ceiling fans, and a rear patio.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $289,900
List Price: $289,900
Status: Active
List Date: 2026-03-28
Location, Tax & Legal
Assessor's Map #: 9
Legal Description (Abbrev): LOT 154 WISE ADD MCR 000527
Assessor's Parcel #: 156
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114302
Taxes: 813
Legal: LOT 154 WISE ADD MCR 000527
House Number: 1806
Compass: W
Street Name: Sherman
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3308
County Code: Maricopa
Subdivision: WISE ADD
Assessor Number: 112-09-156
Tax Year: 2025
General Property Description
Type of Property: Freestanding C3
Ttl Apx SqFt Bldg: 666
Ttl Apx Net Rnt Spc: 666
# of Buildings: 1
Uncvrd Parking Spcs: 4
Stories: 1
# of Interior Levels: 1
Flood Zone: No
Volts/Amps: 200
Year Built: 1936
Zoning: C-3
Currently Not Used
Sold Price Per SqFt: 435.29
Legal Info
Range: 3E
Section: 7
Township: 1N
Lot Number: 154
Construction
Stucco: 1
Wood Frame: 1
Roofing
Composition: 1
Floors
Tile: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 813
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 30000
Building Type
Commercial: 1
Office: 1
Distribution/Warehouse: 1
Business Type
Office Supply: 1
Mixed: 1
Automobile: 1
Storage: 1
Warehouse: 1
Pmt & Rate Info
Cap Rate: 9.68
Equity: 309900
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Supra: 1
Ceiling Height
8 Feet or Less: 1
Heating
Forced Air: 1
Heat Pump: 1
Electric: 1
Cooling
Central Air: 1
Heat Pump: 1
Office A/C: 1
Interior Features
Finished: 1
Private Restrooms: 1
Loading Facilities
None: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Exterior
Storage Yard: 1
Source of Fincl Data
Projected Proforma: 1
Traffic Count
Up to 5,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Master Meter: 1
Freeway/Highway
Other (See Remarks): 1
Building Features
Kitchen: 1
Sewer
Sewer - Public: 1
Railroad
Other (See Remarks): 1
Parking Features
Fenced: 1
Off Street: 1
Electric
APS: 1
Master Meter: 1
Gas
None: 1
New Financing
Cash Only: 1
1031 Exchange: 1
Special
Owner/Agent: 1
Existing 1st Loan
Private: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Remarks Misc
Cross Street: 19th Avenue and Grant
Geo Lat: 33.440618
Geo Lon: -112.098391
Income Expenses
Gross Annual Sch Inc: 30000
Net Operating Income: 30000
Property Features
Building Type: Commercial; Office; Distribution/Warehouse
Business Type: Office Supply; Mixed; Automobile; Storage; Warehouse
Construction: Stucco; Wood Frame
Roofing: Composition
Floors: Tile
Ceiling Height: 8 Feet or Less
Heating: Forced Air; Heat Pump
Cooling: Central Air; Office A/C; Heat Pump
Loading Facilities: None
Interior Features: Finished; Private Restrooms
Exterior: Storage Yard
Fencing: Block
Building Features: Kitchen
Parking Features: Fenced; Off Street
Road Access Type: City Street
Electric: APS; Master Meter
Gas: None
Water Source: City Franchise; Master Meter
Sewer: Sewer - Public
Railroad: Other (See Remarks)
New Financing: Cash Only; 1031 Exchange
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Supra
Special: Owner/Agent
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Private
Road Surface Type: Asphalt
Traffic Count: Up to 5,000
Environmental: None
Listing Office: Grayson Real Estate
Last Updated: April - 20 - 2026
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