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29851087
29851088

4105 S Central Ave, Phoenix, AZ 85040 For Sale

OR
AZ BR541635000
Realty Of America
Listed by Realty Of America
$1,795,000
152 days on market
Updated 29 days ago
Opportunity zone

C-3 Suites

Details
APN 113-13-067
Property Type Retail
Sub Type Storefront
Square Footage 5,700
Net Rentable (SqFt) 5,700
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $315
Broker Co-Op Yes
Year Built 1967
Year Renovated 2022
Buildings 1
Stories 1
Lot Size (SqFt) 23,068
Zoning C-3
Investment Type Owner/User
Ownership Fee Simple

Rare C-3 Opportunity Zone Investment | Transit-Oriented | Value-Add + Owner-User Potential

Marketing description

Rare C-3 Opportunity Zone Investment | Transit-Oriented | Value-Add + Owner-User Potential

Exceptional opportunity to acquire a rare C-3 zoned commercial property positioned in a designated Opportunity Zone within a rapidly transforming redevelopment corridor. Strategically located adjacent to the light rail station, this high-visibility, transit-oriented asset offers unmatched accessibility, strong foot traffic, and long-term appreciation potential as the surrounding area continues to evolve.

The property is currently improved with multiple tenants on month-to-month leases, providing immediate in-place cash flow while offering flexibility for repositioning, lease restructuring, or owner occupancy. This structure creates an ideal scenario for investors seeking upside through rental adjustments or redevelopment, as well as for an owner-user who wants to offset occupancy costs with supplemental rental income.

Zoned C-3, the property allows for a wide range of commercial uses, making it well-suited for:

  • Creative studios and artist suites

  • Wellness and personal service providers

  • Professional offices

  • Boutique retail or gallery space

  • Mixed-use redevelopment (subject to city approvals)

The existing layout lends itself to private suites, making it especially attractive for artists, designers, therapists, beauty professionals, and other service-based businesses seeking affordable, flexible space in a growing district.

With strong fundamentals—prime zoning, opportunity zone tax advantages, transit adjacency, and redevelopment momentum—this asset presents a compelling blend of current income and long-term upside.

Ideal for investors, developers, or owner-users seeking cash flow with future growth potential.

Investment highlights

C-3 Zoning – Investment Highlights

C-3 zoning (General Commercial) is typically the most flexible and intensive commercial zoning classification in many municipalities. While exact regulations vary by city, C-3 generally allows for a broad range of retail, office, service, and mixed-use development — making it highly attractive to investors.

Below are key investment highlights:


1. Broad Use Flexibility

C-3 zoning commonly permits:

  • Retail and shopping centers

  • Restaurants and entertainment uses

  • Professional and medical offices

  • Personal services (salons, studios, wellness)

  • Mixed-use residential over commercial (in many jurisdictions)

  • Automotive and higher-intensity commercial uses (varies by city)

Investor Advantage: Wide permitted uses reduce vacancy risk and increase tenant demand.


2. Higher Density & Intensity

C-3 typically allows:

  • Larger building footprints

  • Greater floor area ratios (FAR)

  • Increased height limits

  • Higher traffic-generating uses

Investor Advantage: Maximizes development potential and highest-and-best use scenarios.


3. Strong Tenant Demand

Because of its flexibility, C-3 properties attract:

  • National retail and service operators

  • Multi-tenant suite configurations

  • Creative and entrepreneurial users

  • Transit-oriented businesses

Investor Advantage: Larger tenant pool = stronger lease-up capability and exit value.


4. Redevelopment & Value-Add Potential

C-3 zoning is often located in:

  • Urban corridors

  • Transit-adjacent areas

  • Redevelopment districts

  • Opportunity Zones

Investor Advantage: Supports repositioning, densification, and long-term appreciation.


5. Owner-User Friendly

The broad use allowances make C-3 ideal for:

  • Business owners seeking to occupy part of the property

  • Investors wanting to offset mortgage with rental income

  • Creative suite concepts (artists, services, boutique offices)

Investor Advantage: Hybrid investment + operational flexibility.


6. Strong Exit Liquidity

Because C-3 is typically one of the most desirable commercial classifications:

  • It appeals to investors, developers, and owner-users

  • It commands premium pricing in high-growth corridors

  • It offers multiple exit strategies (stabilize, redevelop, sell to developer)


Bottom Line

C-3 zoning provides maximum flexibility, stronger income diversification, redevelopment upside, and enhanced long-term value compared to more restrictive commercial designations — making it a highly attractive commercial real estate investment.

Listing Contacts

OR
AZ BR541635000
Realty Of America
Listed by Realty Of America

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Additional Information

Name
Omar Robles
License
BR541635000
Brokerage
Phoenix TCB Realty Group
Title
Designated Broker
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