5233 S Central Avenue, Phoenix, AZ 85040
New Listing
$3,795,000
Property Type:
Comm/Industry Sale
Square Footage:
24,660
Lot Size (sq. ft.):
99,836
Status:
Active
Current Price:
$3,795,000
List Date:
1/27/2026
Last Modified:
1/27/2026
Description
This infill value add strip center is positioned in a dense, high demand location and is comprised of in demand small shop suites well suited for local and national users. The center features an anchor tenant, Family Dollar, at a low and replaceable rental rate, creating flexibility and long term upside. Offered at an attractive basis with a low price per square foot, the property presents strong potential to increase value through lease up of existing vacancies. The site benefits from prime corner frontage with approximately 31,000 vehicles per day, strong transit access, and consistent traffic exposure. The surrounding trade area includes over 20,500 residents within one mile and is further supported by planned multifamily development nearby.
More Information MLS# 6975059
Contract Info
Ownership: Fee Simple
Current Price: $3,795,000
List Price: $3,795,000
Status: Active
List Date: 2026-01-14
Location, Tax & Legal
Assessor's Map #: 42
Assessor's Parcel #: 47
Assessor Parcel Ltr: M
Add'l Parcels: No
Tax Municipality: Phoenix
Taxes: 31337
Legal: PT NW4 SE4 SEC 29 DAF BEG NW COR NW4 SE4 TH S 132F TH E 46F TO TPOB TH S 269.05F E 135F TH S 120F E 172.40F TH N 257.36
House Number: 5233
Compass: S
Street Name: Central
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
County Code: Maricopa
Subdivision: Roeser Plaza
Assessor Number: 113-42-047-M
Tax Year: 2025
General Property Description
Type of Property: Multi Tenant Retail
Ttl Apx SqFt Bldg: 24660
Ttl Apx Net Rnt Spc: 900
# of Buildings: 1
Uncvrd Parking Spcs: 38
Year Built: 1986
Zoning: C-2
Currently Not Used
Sold Price Per SqFt: 153.89
Construction
Stucco: 1
Roofing
Tile: 1
Floors
Concrete: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Other (See Remarks): 1
Business Type
Retail: 1
Other: 1
Pmt & Rate Info
Cap Rate: 6.35
Equity: 3795000
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
Other: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
See Remarks: 1
Cooling
Central Air: 1
Interior Features
Private Restrooms: 1
Other (See Remarks): 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Other (See Remarks): 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Fencing
None: 1
Water Source
City Franchise: 1
Building Features
Security Gate: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Electric
Other (See Remarks): 1
Gas
None: 1
New Financing
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Other (See Remarks): 1
Use Restrictions
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602.881.4724
List Agent Hme Phn 2: 602.881.4724
List Agent Cell Phn2: 602.881.4724
Remarks Misc
Cross Street: Central & Roeser
Directions: Head E on I-17 S. Take 7th Ave and turn right. Turn left onto W Roeser Rd. Turn right onto S Central Ave. Destination on left.
Geo Lat: 33.398628
Geo Lon: -112.072602
Legal Info
Lot Number: -
Income Expenses
Net Operating Income: 240917
Property Features
Building Type: Commercial; Other (See Remarks)
Business Type: Retail; Other
Construction: Stucco
Roofing: Tile
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Heating: See Remarks
Cooling: Central Air
Loading Facilities: None
Interior Features: Private Restrooms; Other (See Remarks)
Exterior: Other (See Remarks)
Fencing: None
Building Features: Security Gate
Parking Features: Parking Lot
Electric: Other (See Remarks)
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: Other
Source of Fincl Data: Owner; Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear; Other (See Remarks)
Road Surface Type: Asphalt
Use Restrictions: Other (See Remarks)
Environmental: None
Listing Office:
R.O.I. Properties
Last Updated: January - 27 - 2026
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