$490,000
4506 S CENTRAL Avenue
Phoenix, AZ 85040
MLS# 5764624
Status: Closed



4506 S CENTRAL Avenue, Phoenix, AZ 85040
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4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040 4506 S CENTRAL Avenue, Phoenix, AZ 85040

Property Description
Auto Mechanic/body shop building! Amazing hard to find C-3 zoning along Central Avenue. Comprised of 3 different parcels totaling 20,368 sf / .47-acre lot being sold as one. The 4900 +/- building, known as LARRY's AUTO SERVICE has been a successful business for 40+ years. This Solid block old school auto mechanic/shop building has Central Avenue frontage of 180 feet +/-. Highly traffic location, with easy access/exit for any business who operates in this location. The building itself features 12 ft ceilings, wired with three phase electricity including air compressor. There are three single post inground lifts, three post twin inground lifts, fronted alignment rack, plus ample room for work benches and tool boxes. The shop entrance has a pull through, one sliding door (north side)

Details
Maps
Documents
Contract Info
Current Price: $490,000
Sold Price: $490,000
Status: Closed
List Date: 2018-05-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R34
House Number: 4506
Compass: S
Street Name: CENTRAL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 2147
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 3 BLOCK 2 ALTADENA MCR 002039
Subdivision: ALTADENA
Assessor's Map #: 30
Assessor's Parcel #: 26
Add'l Parcels: Yes
Assessor Number: 113-30-026
Census Tract: 115802
Legal: LOT 3 BLOCK 2 ALTADENA MCR 002039
Tax Municipality: Phoenix
Taxes: 6183
Tax Year: 2017
General Property Description
Type of Property: Auto Shop/Mechanic, Automotive
Ttl Apx SqFt Bldg: 4900
# of Buildings: 1
Year Built: 1946
Uncvrd Parking Spcs: 15
Zoning: C-3
Remarks & Misc
Cross Street: Broadway and Central
Directions: South on Central from Broadway to property. Cant miss!
Geo Lat: 33.405334
Geo Lon: -112.073693
Status Change Info
Status Change Date: 2019-01-19
Off Market Date: 2018-12-29
Under Contract Date: 2018-12-13
Close of Escrow Date: 2019-01-18
Sold Price: $490,000
Legal Info
Township: 1N
Range: 3E
Section: 29
Lot Number: 3
Income & Expenses
Owner Association: No
Operating Exp: 6183
Gross Annual Sch Inc: 326154
Adjusted Gross Inc: 326154
Net Operating Income: 59767
Pmt & Rate Info
Cap Rate: 11.95
Equity: 500000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Industrial
Current Use: Service Business; Automobile; Warehouse; Retail; Other; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Comp Shingle; Rolled
Floors: Concrete
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Other; See Remarks
Cooling: Office Evap; Warehouse Evap
Loading Facilities: Drive-in Door(s); Other (See Remarks)
Interior: Finished; Security System; Security Camera(s); Alarm System; Phone System; Public Restrooms
Exterior: Storage Yard; Pole Sign; Building Sign; Security Camera(s)
Fencing: Block; Chain Link
Amenities: Other (See Remarks)
Parking: Fenced; Free; Public Parking; Private Parking; Paved Parking
Electric: SRP
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Railroad: Other (See Remarks)
Source of Fincl Data: Provided by Owner; Provided by Accntnt; Projected Proforma; Tax Return
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Traffic Count: Unknown
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Supplements
and 10ft roll up door (south side). Access to both front and back locks through the shop or through both gates. Back lot has attached steel canopy covering three lifts. The shop also has a waiting room, public & private restroom, employee breakroom, compressor room, and office. The back office has separate entrance. The c3 zoning allows for many uses/developments. The current building is turnkey for a car repair shop business owner/end user + has 8 camera security system in place. It's also an excellent opportunity for a rental income producer or for future development. The two lots to the south of the subject are owned by city of Phoenix in which have expressed they would like to sell. Drive by only – Do not disturb owner or business. SELLER WILLING TO CARRY! A Little history: The building was built in 1946, the Marshals purchased in 1988. Before owning the property, it was a transmission shop, Red Rooster bar, and Bashas grocery store. FYI - The South Central Light Rail Extension will travel in front of property.

Listing Office: Attorneys Realty

Last Updated: August - 06 - 2021

4506 S CENTRAL Avenue, Phoenix, AZ 85040 - MLS# 5764624
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