3550 N Central Avenue, Phoenix, AZ 85012 (MLS# 6282464)

3550 N Central Avenue, Phoenix, AZ 85012

$5,100,000

Property Type: Comm/Industry Sale Square Footage: 284,709 Lot Size (sq. ft.): 192,305 Status: Closed

Current Price: $5,100,000 List Date: 10/04/2021 Last Modified: 3/24/2025

Overview

Description

Rare opportunity to acquire a ground lease in the heart of mid-town Phoenix. With 140 years remaining, here is your chance to acquire a passive income investment. Improvements not included in the sale comprise a 20-story office building with 284,709 rentable square feet and a three-level parking structure. 3550 N Central Avenue is located 2 miles North of Downtown Phoenix in the vibrant mid-town neighborhood. And located just a block north of the redeveloping Park Central mixed-use project, this opportunity is hard to pass on.

Listing Details MLS# 6282464

Location, Tax & Legal

Map Code/Grid: P34
House Number: 3550
Compass: N
Street Name: Central
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85012
Country: US
County Code: Maricopa
Subdivision: LANE SUB
Assessor Number: 118-32-028-A
Tax Year: 2020

Contract Info

Ownership: Leasehold

General Property Description

Ttl Apx SqFt Bldg: 284709
# of Buildings: Yes
Year Built: 1958
Zoning: PUD

Remarks Misc

Cross Street: N Central Ave. & W Osborn Rd.

Status Change Info

Off Market Date: 2021-12-10
Under Contract Date: 2021-10-07
Close of Escrow Date: 2022-01-06

Legal Info

Township: 2N
Range: 3E
Section: 29
Lot Number: 10

More Information

Sold Info

Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

Property Features

Building Type: Commercial; Office Business Type: Other Stories: 11+ Stories Construction: Other Roofing: Other Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other Cooling: Central Air; Other Loading Facilities: Other (See Remarks) Interior Features: Other (See Remarks) Exterior: Building Sign; Sidewalk(s) Fencing: Other Parking Features: Other Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Special: Court Approval Required Source of Fincl Data: Other (See Remarks) Road Surface Type: Asphalt Environmental: None

Listing Office: R.O.I. Properties

Last Updated: March - 24 - 2025