Fountain Hills, AZ 85268,16807 E PALISADES Boulevard
Fountain Hills, AZ 85268,16807 E PALISADES Boulevard
Fountain Hills, AZ 85268,16807 E PALISADES Boulevard
Fountain Hills, AZ 85268,16807 E PALISADES Boulevard
Fountain Hills, AZ 85268,16807 E PALISADES Boulevard
Fountain Hills, AZ 85268,16807 E PALISADES Boulevard
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$1,000,000

$1,100,000

9.1%
Est.Price: ?

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Est. payment /mo

6,000 Sqft Lot


SOLD DATE : 02/23/2024

Key Details

Sold Price $1,000,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Fountain Hills Arizona No. 208 Block 1-4

MLS Listing ID 6639627

Sold Date 02/23/24

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 2000

Annual Tax Amount $6,359

Tax Year 2023

Lot Size 6,000 Sqft

Acres 0.14

Property Description

Great investment opportunity for either owner operator or an investor who wants to lease the bottom floor and keep the top one rented out. The plaza is one of a kind uniquely designed building that is a gem in Fountain Hills. CLASS A Building constructed in 2000 and has a great visibility on the main Palisades BLVD. Tenant/Owner can use the 50 parking spaces that is maintained by the Fountain Hills.
Currently single tenant occupies the second floor suites 201 and 206, lease expires in Feb 2026.
Bottom floor is vacant and will be master leased at $4500 per month for one year.
Property was bought few years back and it appraised at 1.1M

Location

State AZ

County Maricopa

Community Fountain Hills Arizona No. 208 Block 1-4

Zoning C-2

Direction Shea Blvd to Saguaro Blvd, North on Saguaro Blvd to Palisades Blvd., West on Palisades Blvd to the property (Parking on South side of building)

Interior

Heating Electric

Cooling Central A/C

Flooring Concrete

Exterior

Garage Paved Parking, Free

Fence None

Waterfront No

Roof Type Built-Up

Present Use Recreational,Mixed Use,Retail,Wholesale,Food Service,Religious Facility,Retail PAD,Service Business,MedicalDental,Office

Parking Type Paved Parking, Free

Total Parking Spaces 50

Building

Sewer Public Sewer

Water City Franchise

Others

Senior Community No

Tax ID 176-05-185

Financing Conventional

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Arizona Regional MLS (ARMLS)
Listed by HomeSmart
Bought with West USA Realty

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Rachele Funk

 

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