$2,150,000
Glendale, AZ 85301
MLS# 7022089
1 / 3
Property Description
Strategically located on the high-visibility northeast corner of Grand Avenue and Myrtle Avenue, this property offers a rare combination of immediate stability and future upside. The 13,499 Sq. FT building is situated on a sprawling 1.1-acre (48,000 Sq. Ft) C-2 zoned lot and is currently 100% occupied under a NNN lease structure, ensuring consistent cash flow with minimal landlord responsibility.Beyond the current income stream, the property boasts approximately 12,000 SF of excess land, providing a prime footprint for future construction or site expansion. Benefiting from heavy traffic counts in the heart of Glendale's commercial corridor, the site features excellent ingress/egress, 30 uncovered parking spaces, and a well-maintained structure.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $2,150,000
List Price: $2,150,000
Status: Active
List Date: 2026-04-10
Location, Tax & Legal
Assessor's Map #: 43
Legal Description (Abbrev): LOT 14 FLORALCROFT MCR 001926
Assessor's Parcel #: 14
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Glendale
Census Tract: 92600
Taxes: 572
Legal: Lots 14, 15, 16, 17, 18, 19, 20, and 21, FLORALCROFT
House Number: 6020
Compass: W
Street Name: MYRTLE
St Suffix: Avenue
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 1874
Country: US
County Code: Maricopa
Subdivision: FLORALCROFT
Assessor Number: 143-43-014-A
Tax Year: 2025
General Property Description
Ttl Apx SqFt Bldg: 13499
# of Buildings: 1
Uncvrd Parking Spcs: 30
Stories: 1
Flood Zone: No
Year Built: 1963
Zoning: C-2
Currently Not Used
Sold Price Per SqFt: 159.27
Legal Info
Range: 2E
Section: 6
Township: 2N
Lot Number: 14
Construction
Block: 1
Brick: 1
Roofing
Built-Up: 1
Floors
Laminate: 1
Tile: 1
Concrete: 1
Ceramic Tile: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 572
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 139962
Building Type
Commercial: 1
Business Type
Retail: 1
Pmt & Rate Info
Cap Rate: 6.51
Equity: 2150000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Ceiling Height
12.1 Feet to 14 Feet: 1
Heating
Forced Air: 1
Heat Pump: 1
Other: 1
Cooling
Heat Pump: 1
Office Evap: 1
Warehouse Evap: 1
Interior Features
Smoke Detector(s): 1
Phone System: 1
Loading Facilities
Grade Level: 1
Exterior
Storage Yard: 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Private: 1
Paved: 1
Electric
SRP: 1
Master Meter: 1
Gas
City Gas: 1
New Financing
Cash Only: 1
1031 Exchange: 1
Reports/Disclosures
Appraisal: 1
Environmental
None: 1
Remarks Misc
Cross Street: Grand Ave & Myrtle Ave
Directions: Property is on NE corner of Grand Ave and Myrtle Ave
Geo Lat: 33.54243
Geo Lon: -112.189616
Income Expenses
Gross Annual Sch Inc: 139962
Net Operating Income: 139962
Property Features
Building Type: Commercial
Business Type: Retail
Construction: Block; Brick
Roofing: Built-Up
Floors: Laminate; Tile; Concrete; Ceramic Tile
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Forced Air; Heat Pump; Other
Cooling: Office Evap; Warehouse Evap; Heat Pump
Loading Facilities: Grade Level
Interior Features: Smoke Detector(s); Phone System
Exterior: Storage Yard; Sidewalk(s)
Fencing: None
Parking Features: Parking Lot; Private; Paved
Electric: SRP; Master Meter
Gas: City Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; 1031 Exchange
Lockbox Type: None
Source of Fincl Data: Owner
Environmental: None
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: May - 01 - 2026
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