702 West Dunlap Avenue is an amazing commercial kitchen / office
investment property offered below replacement cost. The property
is located at the north end of the coveted North Central Phoenix
submarket. It is located at the intersection of two major arterial streets
and is approximately 2 miles to the I-17 to the west and about 3 miles
to the SR-51 Freeway to the east. If you want to be centrally located
to everything you could want and need in the Phoenix area, North
Central Phoenix is the place to be. Beautiful, historic streets are lined
with mature trees, adding shade and a Midwestern feeling unique to
this desert metropolis. Central Avenue, a half mile east of the property... ...it is laced with historic sites, carves throughout the area giving residents
easy access to just about anywhere else in the city. The walkable,
quaint lifestyle beckons to those looking for city amenities but
suburban life. From the farmers market, to the miles of hiking paths
running right through the center of town, it is clear why North Central
Phoenix is one of the fastest growing parts of town.
702 West Dunlap Avenue is a solidly constructed, 10,120+/- (buyer
to verify) SF building, built in 1976 and upgraded over time. The
property contains two commercial kitchens with two grease traps and
a type one hood. Recent upgrades include all new commercial grade
Trane air conditioning units (approximately 2020), 1200 AMP three
phase electrical, and new roof. The property sits on over a half acre
of land. The original intent was for the property to be a mid-rise
building, so the building was "over-built" with CMU block construction,
etc. It is a very solidly constructed building and the offering price is
well below replacement cost.