Seller's Agent in 2024
Cindy Moy Zhang
RE/MAX
(646) 206-0905
3 in this area
6 Total Sales
2641 E Mcdowell Rd Phoenix, AZ 85008
Central City Neighborhood
--
Bed
--
Bath
8,848
Sq Ft
0.7
Acres
Highlights
- 0.7 Acre Lot
- Community Kitchen
- Skylights
- Phoenix Coding Academy Rated A
- Cafeteria
- Ceramic Tile Flooring
About This Home
As of February 2024Great opportunity to own two Flex commercial buildings that front McDowell Road with a combined total of 8,848 sf.
The property is ideal for a fractional owner user or as an investment.
The large building has 2 stories and currently consists of 90% office space and 10% warehouse.
There is 22' clearance height in the warehouse with a grade level roll up door plus a mezzanine for extra storage. It is fully occupied with 2 tenants in place. One lease is until December 2024 and the other is month to month. Value add property.
Potential uses include but not limited to the following: Executive office suites, Medical offices, Warehouse, Distribution , Assisted living, R&D, Retail, Church, Vocational School and more. Centrally located in Phoenix on the corner of E. McDowell Road and N. 27th Street.
Close proximity to Phoenix Sky Harbor Airport, Downtown Phoenix, Arcadia, Scottsdale, Downtown Tempe, Downtown Phoenix with great dining and entertainment optiions... all within 10 minutes drive!
Last Agent to Sell the Property
RE/MAX Solutions License #SA701280000 Listed on: 07/29/2023
Property Details
Property Type
- Other
Est. Annual Taxes
- $8,658
Year Built
- Built in 1960
Lot Details
- 0.7 Acre Lot
- Block Wall Fence
- Chain Link Fence
- Property is zoned C-2
Home Design
- Tilt Up Walls
- Wood Frame Construction
- Built-Up Roof
- Concrete Roof
- Block Exterior
- Stucco
Interior Spaces
- 8,848 Sq Ft Home
- Skylights
Flooring
- Concrete
- Ceramic Tile
Parking
- 29 Open Parking Spaces
- 32 Parking Spaces
- 3 Covered Spaces
- Private Parking
- Paved Parking
Utilities
- Central Air
- Heating System Uses Natural Gas
- Fiber Optics Available
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 121-77-001-D
Community Details
Overview
- 2 Buildings
- Building Dimensions are 120'X253'
- Del Rey Lots 101 140 Subdivision
Amenities
- Community Kitchen
- Meeting Room
- Cafeteria
- Reception Area
Building Details
- Operating Expense $8,658
- Net Operating Income $101,315
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2023
Closed on
Feb 29, 2024
Sold by
Fen Investments Inc
Bought by
Bridge Finance Llc
Seller's Agent
Cindy Moy Zhang
RE/MAX Solutions
Buyer's Agent
Edmund Garcia
Evergreen Realty LLC
List Price
$1,890,000
Sold Price
$1,630,000
Premium/Discount to List
-$260,000
-13.76%
Views
92
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$984,246
Interest Rate
6.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 4, 2022
Sold by
Emi
Bought by
Fen Investments Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,345
Interest Rate
3.12%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bridge Finance Llc | $1,650,000 | Clear Title Agency Of Arizona | |
| Fen Investments Inc | $1,200,000 | Clear Title Agency Of Az |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bridge Finance Llc | $1,000,000 | |
| Previous Owner | Fen Investments Inc | $652,345 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/29/2024 02/29/24 | Sold | $1,630,000 | -13.8% | $184 / Sq Ft |
| 02/12/2024 02/12/24 | Price Changed | $1,890,000 | 0.0% | $214 / Sq Ft |
| 02/12/2024 02/12/24 | For Sale | $1,890,000 | 0.0% | $214 / Sq Ft |
| 01/20/2024 01/20/24 | Price Changed | $1,890,000 | 0.0% | $214 / Sq Ft |
| 01/20/2024 01/20/24 | For Sale | $1,890,000 | 0.0% | $214 / Sq Ft |
| 11/16/2023 11/16/23 | Pending | -- | -- | -- |
| 07/29/2023 07/29/23 | For Sale | $1,890,000 | -- | $214 / Sq Ft |
Source: Arizona Regional Multiple Listing Service (ARMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,596 | $64,113 | -- | -- |
| 2024 | $8,754 | $62,968 | -- | -- |
| 2023 | $8,754 | $98,685 | $30,022 | $68,663 |
| 2022 | $8,658 | $74,306 | $27,948 | $46,358 |
| 2021 | $9,122 | $71,928 | $28,746 | $43,182 |
| 2020 | $8,900 | $75,456 | $27,756 | $47,700 |
| 2019 | $8,837 | $57,168 | $25,650 | $31,518 |
| 2018 | $8,656 | $60,210 | $20,178 | $40,032 |
| 2017 | $8,321 | $51,930 | $20,322 | $31,608 |
| 2016 | $7,999 | $47,448 | $17,136 | $30,312 |
| 2015 | $7,648 | $45,510 | $14,393 | $31,117 |
Source: Public Records
Agents Affiliated with this Home
-
Cindy Moy Zhang
-
Brook Miller
Seller Co-Listing Agent in 2024
Brook Miller
RE/MAX
(602) 391-7164
7 in this area
144 Total Sales
-
Edmund Garcia
E
Buyer's Agent in 2024
Edmund Garcia
Evergreen Realty LLC
(602) 565-2235
1 in this area
11 Total Sales
Map
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6586043
APN: 121-77-001D
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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