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16807 E PALISADES Boulevard Fountain Hills, AZ 85268
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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
Total Parking Spaces 50
Building
Sewer Public Sewer
Water City Franchise
New Construction Yes
Others
Senior Community No
Tax ID 176-05-185
Financing Conventional
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Bought with West USA Realty
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