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

5233 S Central Avenue, Phoenix, AZ 85040

$3,575,000
Property Type: Comm/Industry Sale Square Footage: 24,660 Lot Size (sq. ft.): 99,836 Status: Active
Current Price: $3,575,000 List Date: 1/27/2026 Last Modified: 2/17/2026

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

Current Price: $3,575,000 List Price: $3,575,000 Status: Active List Date: 2026-01-14 Ownership: Fee Simple

Location Tax Legal

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 Year Built: 1986 Uncvrd Parking Spcs: 38 Zoning: C-2

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

Showing Notification Methods

Showing Service: No Showing Service Used

Contact Info

List Agent Home Phn: 602.881.4724 List Agent Hme Phn 2: 602.881.4724 List Agent Cell Phn2: 602.881.4724

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: February - 17 - 2026
5233 S Central Avenue, Phoenix, AZ 85040- MLS# 6975059
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.