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Home > 5233 S Central Avenue, Phoenix, AZ 85040 (MLS# 6975059)

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
IDX
Last Updated: January - 27 - 2026
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