$355,000
Phoenix, AZ 85042
MLS# 5707816
Status: Closed
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Property Description
Full build out in this former dine-in restaurant in South Mountain Village. Full kitchen with pizza oven and walk-in freezer. Custom upgrades throughout - see the photos. Plenty of parking just for this building with easy ingress and egress. Lighted marquee signage. High traffic count near intersection. Property is being sold in as-is condition. All existing trade equipment is included. Tenant shall confirm conditions and functionality of equipment. Operating Expenses Not Available - Owner has not used building. Two Parcels: 300-45-014-C and 300-45-014-D (parking lot and building lot) Also for lease at $3900 NNN
Details
Maps
Contract Info
Current Price: $355,000
Sold Price: $355,000
Status: Closed
List Date: 2018-01-08
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: S34
House Number: 9032
Compass: S
Street Name: CENTRAL
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85042
Zip4: 8304
Country: USA
County Code: Maricopa
Legal Description (Abbrev): E 200F OF W 435F OF N 75F OF S 308F OF SE4 SEC 5 EX E 50F RD
Assessor's Map #: 45
Assessor's Parcel #: 14
Assessor Parcel Ltr: D
Add'l Parcels: Yes
Assessor Number: 300-45-014-D
Census Tract: 116702
Legal: METES AND BOUNDS
Tax Municipality: Phoenix
Taxes: 5598
Tax Year: 2017
General Property Description
Type of Property: COMMERCIAL RESTAURANT
Ttl Apx SqFt Bldg: 3913
Ttl Apx Net Rnt Spc: 3913
# of Buildings: 1
Year Built: 1960
Uncvrd Parking Spcs: 60
Zoning: COMMERCIAL OFF
Remarks & Misc
Cross Street: CENTRAL AVE / BASELINE
Directions: South on Central from Baseline, almost to light at Dobbins - property on west side of street.
Geo Lat: 33.364006
Geo Lon: -112.073625
Status Change Info
Status Change Date: 2018-04-19
Off Market Date: 2018-03-20
Under Contract Date: 2018-03-17
Close of Escrow Date: 2018-04-18
Sold Price: $355,000
Legal Info
Township: 1S
Range: 3E
Section: 5
Income & Expenses
Owner Association: No
Operating Exp: 5598
Pmt & Rate Info
Equity: 375000
Sold Info
Loan Type: Carryback
Loan Years: 10
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Restaurant
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete; Sealed
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Heat Pump
Cooling: Central A/C; Heat Pump
Loading Facilities: Grade Level
Interior: Finished; Smoke Detector(s); Phone System; Public Restrooms
Exterior: Building Sign; Monument Sign
Fencing: Block
Amenities: Kitchen
Parking: Fenced; Free; Private Parking
Electric: SRP
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
Source of Fincl Data: Unknown; Other (See Remarks)
Existing 1st Loan: Private
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
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
Roads/Streets: Asphalt
Reports/Disclosures: None
Environmental: None
Listing Office: Century 21 Arizona Foothills
Last Updated: February - 17 - 2023
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