Contacts

Jason Butler

R.O.I. Properties

Property Details

Property Type Retail - Street Retail
Property Size 7,140 SF
Lot Size 0.49 Acre
Additional Rent Contact for pricing
Date Updated Oct 23, 2024

E/NEC 16th St & McDowellThis multi-tenant retail property presents an exceptional investment opportunity in the heart of the rapidly redeveloping “Miracle Mile.” The property is situated near the I-10 and SR-51 freeways on McDowell Road, providing exceptional access and exposure. A new multifamily development, "The Governor," is located directly 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. Don't miss out on this unique chance to invest in a property with significant upside potential.This is an exceptional opportunity in the heart of the rapidly redeveloping “Miracle Mile.” The property is situated near the I-10 and SR-51 freeways on McDowell Road, providing easy access and exposure. A new multifamily development, "The Governor," is located directly 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 space an ideal location for growth.

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Highlights

Price: $1,200,000
Price/SF: $168
Square footage of improvements: ±7,140
Square footage of land: ±21,534
Vehicles per Day
Zoning: C-2
Occupancy: 85%

Getting around

84/100
Walk Score ®
45/100
Transit Score ®
66/100
Bike Score ®

Powered by Walk Score ®

Location

City Phoenix, AZ
Neighborhood Encanto Village
Zip Code 85006
Market Phoenix

Points of Interest

12th St/ Washington

1.42 miles
12th St/ Jefferson

1.44 miles
24th St/ Washington

1.52 miles
24th St/ Jefferson

1.57 miles
McDowell/ Central Ave

1.68 miles
Roosevelt/Central

1.75 miles
Encanto/ Central Ave

1.76 miles
SRB Limo LLC

1.87 miles
3rd St/ Washington

1.93 miles
Van Buren/ Central Ave

1.94 miles

Shell

0.19 miles
QuikTrip

0.82 miles
Circle K

0.86 miles
Arco

0.87 miles
Sinclair

0.96 miles
Mobil

1.22 miles
Blink

1.31 miles
ChargePoint

2.45 miles

Lot C Garage

0.71 miles
Thomas Garage West

0.95 miles
Roosevelt Point

1.52 miles
Museum Parking

1.60 miles
Arizona Center Parking

1.60 miles
Church Parking

1.60 miles
CVS parking

1.63 miles
Parking for Pizzeria Bianco only

1.66 miles
Heritage Park Garage

1.68 miles
Ace Parking

1.69 miles

Authentic EthioAfrican

0.06 miles
Dima's Tacos

0.10 miles
Filiberto's

0.15 miles
Taco Mich & Bar #1

0.15 miles
Dining With Dale

0.19 miles
La Cocina Económica

0.21 miles
El Ranchero

0.22 miles
Ollie Vaughn's

0.23 miles
Guanaquito Restaurant

0.32 miles
Rainbow Donuts

0.44 miles

Yenat Enjera Ethiopian Market & Grocery

0.22 miles
Marvel on McDowell

0.35 miles
Food City

0.47 miles
Mi Tienda Latina

0.88 miles
Al Karama

0.94 miles
Safeway

1.31 miles
Al - Rahma Shopping Center

1.49 miles
Phoenix General

1.57 miles
Fry's Food and Drug

1.97 miles
EL Super

2.03 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Map of Property

1718-1726 E McDowell Road