3806 N. 3rd Street & 222 E. Clarendon
Central Phoenix Medical Office/Warehouse property For Sale
Marketing description
Available for Sale is 3806 N 3rd Street and 222 E Clarendon Avenue, Phoenix, Arizona comprised of a medical/office building approximately 7,068 square feet, a warehouse building approximately 5,328 square feet in size on two parcels of land totaling approximately 28,524 square feet, along with a billboard. The property is well-located in the heart of Midtown Phoenix.
This is an opportunity to own a rare office/warehouse property in Midtown Phoenix. The property is currently 100% leased to four tenants. The asking price for the property is $2,975,040.
Investment highlights
The property is located at the northwest corner of 3rd Street and Clarendon Avenue in the heart of Central Phoenix. The nearest two major cross streets are Indian School Road and Central Avenue. This part of Central Phoenix is undergoing a major evolution with the Reinvent PHX General Plan that has been put into place by the City of Phoenix. From their website:
“Reinvent PHX is a collaborative partnership between the City of Phoenix, the US Department of Housing and Urban Development, Arizona State University, St Luke’s Health Initiatives (now Vitalyst Health Foundation) and numerous other organizations committed to developing walkable, opportunity rich communities connected to light rail. Reinvent PHX created action plans for districts along the light rail system. The plans establish a community-based vision for the future and identify investment strategies to improve the quality of life for all residents. This process establishes a new, transit-oriented model for urban planning and development along the city’s light rail system.”
This transit-oriented development plan will drive demand for all types of properties in this area.
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