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Western Avenue Professional Plaza 320-328 E Western Ave 5,145 SF Vacant Retail Building Avondale, AZ 85323 $690,000 ($134.11/SF) 4.17% Cap Rate
Investment Highlights
- Prime location in Old Town Avondale, a designated revitalization district
- Current annual gross income of approximately $51,400, offering immediate cash flow
- Easy transition opportunity as current tenants prefer to remain on month-to-month agreements, providing flexibility for future strategic leasing
- Diverse tenant mix with longstanding occupancy ranging from 5 to 25 years
- Significant upside potential through cosmetic enhancements and market-rate adjustments
- Dental office tenant on lease through October 2028, providing steady income
Executive Summary
The Property is located at 326 East Western Avenue, in the City of Avondale, County of Maricopa, State of Arizona, and further described as Western Avenue Professional Plaza.
The lot is approximately 14,040 square feet, and the total square feet of building size is 5,165 square feet. The Dental office lease terminates 10/31/28. The other tenants are on a month to month lease, or one year and would love to stay.
The lot is approximately 14,040 square feet, and the total square feet of building size is 5,165 square feet. The Dental office lease terminates 10/31/28. The other tenants are on a month to month lease, or one year and would love to stay.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,145 SF
Building Class
C
Year Built/Renovated
1973/2010
Price
$690,000
Price Per SF
$134.11
Cap Rate
4.17%
NOI
$28,756
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
OTAB - Old Town Avondale Business District Mostly service, retail, medical and office uses.
Parking
26 Spaces (5.05 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 326 Salon
- Services
- -
- -
- -
- Avondale Family Dental Care
- Health Care and Social Assistance
- -
- -
- -
- Eagles Tae Kwon Do Academy
- -
- -
- -
- -
- Salon 326
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 326 Salon | Services | - | - | - | ||
| Avondale Family Dental Care | Health Care and Social Assistance | - | - | - | ||
| Eagles Tae Kwon Do Academy | - | - | - | - | ||
| Salon 326 | Services | - | - | - |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $39,800 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$39,800
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Western Avenue Professional Plaza | 320-328 E Western Ave
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