2540 E Indian School Road, Phoenix, AZ 85016

$499,000
1,635
SqFt
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Sold Price
$499,000
List Price
$503,182
Closing Date
Sep 06, 2023
Days on Market
19
Status
CLOSED
MLS#
6588225
City
Phoenix
Living SQFT
1,635
Lot Size
8,497
Subdivision
Hoffman Terrace 2
Year Built
1950
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(480) 244-2426

Property Description

SINGLE TENANT INVESTMENT SALE | ±6.1% CAP RATE | RECENTLY SIGNED 3 YEAR RENEWAL WITH ESTABLISHED TENANT | RARE, SMALL FREESTANDING OFFICE BUILDING | FRONTAGE ON INDIAN SCHOOL ROAD | IN DESIRABLE BILTMORE/ARCADIA SUBMARKET | HEAVILY RENOVATED IN 2014 WITH EXPOSED DUCT WORK AND HIGH-END IMPROVEMENTS | C-2 ZONING, CITY OF PHOENIX | FLEXIBLE OPEN BUILDOUT SUITABLE FOR VARIOUS USES- OFFICE,RETAIL, SHOWROOM ETC

(480) 244-2426
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Additional Information

Acres
0.20
Construction
Other
Cooling
Other
Electric
Other (See Remarks)
Fencing
Other
Flooring
Other
Heating
Other
Living Area
1,635
Lot Size
8,497
Parking Features
Other
Roofing
Other
Sewer
Other
Subdivision
Hoffman Terrace 2
Taxes
$4,644
Tax Year
2022
Water
Other
Zoning
C-2
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Listing courtesy of Cutler Commercial. Selling Office: Non-MLS Office.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.