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398 S Arizona Ave
Chandler, AZ 85225
Retail Property For Sale
Executive Summary
This is an investment opportunity with 6,725 SF commercial building the price is at $2,689,999.38, with a 6.50% CAP rate and $174,849.96 forward NOI. The property is 100% leased with a NNN lease structure and is zoned C-R (Regional Commercial District). Recent improvements completed in June 2026 include a seal-coated and re-striped parking lot, freshly painted exterior, and enhanced landscaping. Built in 1997 and remodeled in 2018, the property also offers monument and building signage, a 4.01/1,000 parking ratio, and convenient access from Arizona Ave and W Eglin St.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,725 SF
Building Class
C
Year Built
1997
Price
$2,689,999
Price Per SF
$400.00
Cap Rate
6.50%
NOI
$174,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.87 AC
Opportunity Zone
Yes
Zoning
C3 - C3 General Commercial
Parking
40 Spaces (5.95 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Dedicated Turn Lane
- Signage
Property Taxes
| Parcel Number | 303-19-084B | Improvements Assessment | $0 |
| Land Assessment | $27,571 | Total Assessment | $27,571 |
Property Taxes
Parcel Number
303-19-084B
Land Assessment
$27,571
Improvements Assessment
$0
Total Assessment
$27,571
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