C3 - Contractor Yard with Office 1806 W Sherman St 666 SF Industrial Building Phoenix, AZ 85007 $349,900 ($525.38/SF) 8.57% Cap Rate

The Seller may carry with a short term note. Zoned C-3 with a ton of upside and just a tremendous opportunity for an owner user or an investor with an aggressive price point. The building could serve as office space for admin while most similar properties in the area utilize the lot in the back for parking or storage. Typical rents for this property type start at $2,500 per month NNN as seen in the proforma. The building has front parking area with freshly painted interior and exterior, new LVP flooring, updated plumbing, and a new roofing system. There is a wealth of space in the rear to add shipping containers or build a small warehouse for extra storage. The interior of the building features tile flooring, a private, full bathroom, open kitchenette, aluminum windows, ceiling fans, and a rear patio.