Listing Courtesy: Russ Lyon Sotheby's International Realty - 480-585-7070
Property Description
Strategically located on the high-visibility northeast corner of Grand Avenue and Myrtle Avenue, this property offers a rare combination of immediate stability and future upside. The $13,500 SF building is situated on a sprawling 1.1-acre (48,000 SF) C-2 zoned lot and is currently 100% occupied under a NNN lease structure, ensuring consistent cash flow with minimal landlord responsibility.Beyond the current income stream, the property boasts approximately 12,000 SF of excess land, providing a prime footprint for future construction or site expansion. Benefiting from heavy traffic counts in the heart of Glendale's commercial corridor, the site features excellent ingress/egress, 30 uncovered parking spaces, and a well-maintained structure.