SELLER WILL CARRY! Minimum $70k down payment. Incredible opportunity to purchase a commercial building with
redevelopment and adaptive re-use possibilities. This property is located in the heart of Midtown Phoenix's 7th Street Corridor, minutes from the Phoenix Country Club to the north, the I-10 Freeway to the south, and less than two miles to Chase Field and the Downtown Phoenix Stadium District. This portion of 7th Street has been extremely popular for revitalization and adaptive re-use projects, with old buildings or historic houses being converted into vibrant, cool, hip restaurants and cafes such as The Coronado, America's Taco Shop, Humble Pie, The Main Ingredient Ale House, Green and Nami.
The property is located on the east side of 7th Street just south of Thomas Road and retain ...prime 7th Street frontage. The building was built in 1939 and maintains a historical motif that is increasingly more popular today. The property is currently vacant and is an excellent candidate for a renovation where someone can put their own mark on it. Big ticket items, such as a new roof and stucco, have already been completed. Additionally, there are building plans and permits in place and approved by the City of Phoenix. Given its location in the heart of Midtown and its close proximity to Uptown and Downtown Phoenix, significant employers in proximity to the property include major financial institutions, large banks, law offices, and government agencies.