Phoenix gas station sells for $3.1M

An ARCO AM/PM gas station and convenience store at 1201 E. Northern Ave. in Phoenix sold for $3.13 million

The 2,503 square foot gas and convenience store was sold to Mapa Group, LLC, according a release from Cushman and Wakefield, the commercial real estate group that arranged the sale.

The property is surrounded by more than 359,000 residents within a 5-mile radius. The immediate area features a mix of national retailers as well as numerous dining and service options…

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