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(602) 769-4725
Real Estate Company
1718-1726 E Mcdowell Road, Phoenix, AZ 85006
- $1,120,500
- 7,140
- SqFt
- Sold Price
- $1,120,500
- List Price
- $1,200,000
- Status
- CLOSED
- Days on Market
- 54
- Closing Date
- Dec 18, 2024
- MLS#
- 6763256
- Subtype
- Comm/Industry Sale
- Year Built
- 1953
- Living Area
- 7,140
- Lot Size
- 21,534
- Acres
- 0.49
Property Description
This multi-tenant retail property presents an exceptional investment opportunity in the heart of the ''Miracle Mile.'' The property is situated near the I-10 & SR-51 freeways on McDowell Rd, providing exceptional access and exposure. A new multifamily development, ''The Governor,'' is located across the street and is set to invigorate the neighborhood. This influx of new residents is expected to drive foot traffic and increase demand for retail services, making this property an ideal location for growth. Current tenants have short-term leases, offering a strategic advantage for the new owner to renegotiate and capitalize on increasing market rents. As Miracle Mile continues its transformation, this property stands out as a key player in the area's commercial revitalization.
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Additional Information
- Zoning
- C-2
- Flooring
- Other
- Heating
- See Remarks
- Air Conditioning
- See Remarks
- Exterior Construction
- Other
- Parking Features
- Paved, Other
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Listing courtesy of Listing Agent: Jason Butler (602-390-0361) from Listing Office: R.O.I. Properties.
Selling Office: RE/MAX Solutions.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.