$2,250,000
Phoenix, AZ 85021
MLS# 7036375
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Property 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
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $2,250,000
List Price: $2,250,000
Status: Active
List Date: 2026-06-02
Location, Tax & Legal
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
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
General Property Description
Ttl Apx SqFt Bldg: 9490
# of Buildings: 1
Uncvrd Parking Spcs: 6
Year Built: 1976
Zoning: C-1
Currently Not Used
Sold Price Per SqFt: 237.09
Legal Info
Range: 3E
Section: 30
Township: 3N
Lot Number: 029H
Construction
Stucco: 1
Roofing
Rolled: 1
Floors
Vinyl: 1
Ceramic Tile: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 180000
Building Type
Commercial: 1
Business Type
Mixed: 1
Retail: 1
Wholesale: 1
Food Service: 1
Pmt & Rate Info
Cap Rate: 7.2
Equity: 2500000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Other: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Forced Air: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Smoke Detector(s): 1
Security Light(s): 1
Private Restrooms: 1
Loading Facilities
None: 1
Road Access Type
City Street: 1
Exterior
Corner Lot: 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Road Responsibility
City Maintained Road: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Structure: 1
Electric
APS: 1
Gas
None: 1
New Financing
Cash Only: 1
Cash to Loan: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Remarks Misc
Cross Street: 7th ave and Dunlap Ave
Directions: north west corner of 7th ave and Dunlap Ave
Geo Lat: 33.567858
Geo Lon: -112.082918
Income Expenses
Gross Annual Sch Inc: 180000
Net Operating Income: 180000
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
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 access, and abundant covered and uncovered parking for customers, employees, and tenants. The corner location offers outstanding exposure in one of North Phoenix's most recognizable commercial corridors.
Whether you're an investor seeking stable cash flow or an owner-user looking for a strategic location with supplemental rental income, this property presents a rare opportunity in a rapidly growing area.
Contact us today for additional information and a private tour.
Listing Office: CMEH Realty
Last Updated: June - 02 - 2026
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