Sold

3550 N Central Avenue

Phoenix AZ, 85012

$5,100,000


$17.91 per sqft

Sold

284,709 sqft

Other

Built in 1958

Rare opportunity to acquire a ground lease in the heart of mid-town Phoenix. With 140 years remaining, here is your chance to acquire a passive income investment. Improvements not included in the sale comprise a 20-story office building with 284,709 rentable square feet and a three-level parking structure. 3550 N Central Avenue is located 2 miles North of Downtown Phoenix in the vibrant mid-town neighborhood. And located just a block north of the redeveloping Park Central mixed-use project, this opportunity is hard to pass on.

6282464

MLS ID

August 20, 2021

Listed

May 9, 2024

Updated

Map

3550 N Central Avenue
Phoenix AZ, 85012

Interior Features

Floor Description

Other


Fireplace

No


Cooling

Yes


Cooling Description

Central A/C


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

4.41 Acres


Roof

See Remarks


Sewer

Public Sewer

Other Property Details

Taxes

$248,937


Tax Frequency

Annually


Days on Market

112


Garage

No


Parking

Other (See Remarks)


Parking Total

1105


View

No


County

Maricopa


Water Source

City Franchise


Pool

No


Zoning

PUD


Buyer Agency Compensation

1.75%

Courtesy of R.O.I. Properties, Beth Jo Zeitzer

Listing Contact: 602-319-1326 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Karas Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 1:02 AM UTC, 5/9/2024.

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