3051 E THOMAS Road, Phoenix, Arizona
3051 E THOMAS Road, Phoenix, Arizona 85016 - Great 5,260 sq. ft. two story C-2 building that can be Mixed Use Commercial, Residential, Office. Perfect for either a live-in business arrangement OR rent the upstairs and the ground floor! You decide! Massage Business has 6 treatment rooms and pays $2,300 in month-to-month for 2,654 sq. ft. ground floor and wants to stay! Instant Income! Upstairs separate entrance is a 2,605 sq. ft., 5 BR, 3 BA residence that can be converted to office space for the right tenant or you can live there! Big upside income potential for renting the upstairs residence to maybe a family, students, insurance office, attorney office? You pick-em! Conceivable CAP renting the whole building could be as high as 11+%.
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Listing Courtesy of Coldwell Banker Residential Brokerage