2,560 Square Foot Multi-Family Space For Sale @ 4151 N 32nd St

This site is a "one of a kind" opportunity that borders the West side corridor of " Arcadia Lite" in between Indian School Road & Camelback Road on 32nd Street. Hip. Funky. Fresh. Arcadia Lite is known for its trendsetting style and eclectic crowd. This part of the neighborhood is where you can find hotspots like La Grande Orange, Postinos, The Vig, The Attic, Little Woody’s, Tee Pee, and the Madison Improvement Club…to name a few. Arcadia Lite is great for those that want the central location and Arcadia aesthetic in a mid-range budget. The neighborhood has seen a lot of turnover in the past few years and it is now home to many young professionals who want to be close to major business and entertainment centers. If you work near the Esplanade, downtown Phoenix, Scottsdale, or further North then this location provides you with a quick commute.

Arcadia Lite is highly regarded for its tight-knit community and safe streets. You will typically find people hanging out for coffee in the mornings at La Grande Orange, having a glass of wine during the evenings at Postinos, or in their front yard on adirondacks. The canal and quiet streets of Arcadia Lite provide a great place for those that love taking walks or runs.

If you are new to the area I would suggest taking a day to bike ride down some of these beautiful streets and visit the local hangouts. You will instantly gravitate towards this area because of its hip and vibrant charm. There is a reason Arcadia Lite was recently named one of the hottest neighborhoods in Phoenix.

The Arcadia Lite Neighborhood Association was established in 2007. The association currently serves approximately 250 Arcadia Lite homes. The goal of the neighborhood association is to bring together neighbors to fight crime, protect property values, and save the special ambiance of the neighborhood. This Multi-family or Retail/Specialty redevelopment in the highly sought after Arcadia Lite district in between East Camelback Road and E. Indian school Road. The property currently has two single story buildings, 100% occupied but a sale terminates the tenancy. The lot is 100' x 294.71' with signage on 32nd Street.

Sales Info:
■ Commision split: 3.0%

Location Description:
North 32nd St. on the east side of the street in between E. Glenrosa Avenue and E. Indian School Rd.

Highlights:
■ Zoned R-5 (Multifamily Development)
■ Sale terminates the leases but new owner can negotiate new terms
■ 1 block from Los Olivos Park
■ Less than 1 mile from Camelback office corridor
■ Less than 1/4 mile from shopping, schools, medical services and public transportation
■ Approximately 1.5 miles to SR51