$1,250,000
Tempe, AZ 85282
MLS# 6401972
Status: Closed
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Property Description
Great Tempe location, two miles south of Arizona State University's main campus. Street frontage. Owner/User or Development Opportunity. Two freestanding commercial buildings plus an olympic size pool (could be filled/paved). Building 1, currently used as a bar. Kitchen with walk-in refrigerator (no hood). Building 2, currently used as an office (900SF with 3 offices, 1 bathroom and kitchenette). Several use possibilities - restaurant, bar, office, retail, religious facility, rehab facility, swim school, scuba store, day care...Owner open to seller carry back financing. Owner is resurfacing the parking lot, 25 spaces.
Details
Maps
Contract Info
Current Price: $1,250,000
Sold Price: $1,250,000
Status: Closed
List Date: 2022-05-18
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R37
House Number: 107
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 1386
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TEMPE ACRES LOT 7 EX N 7' RD
Assessor's Map #: 23
Assessor's Parcel #: 22
Add'l Parcels: No
Assessor Number: 133-23-022
Census Tract: 319600
Legal: TEMPE ACRES LOT 7 EX N 7' RD
Tax Municipality: Tempe
Taxes: 16207
Tax Year: 2021
General Property Description
Type of Property: Retail
Ttl Apx SqFt Bldg: 5817
# of Buildings: 2
Year Built: 1955
Uncvrd Parking Spcs: 25
Zoning: C-1
Remarks & Misc
Cross Street: Mill and Broadway
Directions: On South side of Broadway, just East of Mill Avenue.
Geo Lat: 33.406816
Geo Lon: -111.938187
Status Change Info
Status Change Date: 2022-08-10
Off Market Date: 2022-06-27
Under Contract Date: 2022-06-22
Close of Escrow Date: 2022-08-09
Sold Price: $1,250,000
Legal Info
Township: 1N
Range: 4E
Section: 27
Lot Number: 7
Income & Expenses
Owner Association: No
Operating Exp: 16207
Pmt & Rate Info
Equity: 1400000
Contact Info
List Agent Home Phn: 602-620-1453
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: %
Property Features
Building Type: Commercial
Current Use: Mixed Use; Service Business; Religious Facility; Restaurant; Office; Retail; Bar; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central A/C; Heat Pump
Loading Facilities: None
Interior: Finished
Exterior: Landscaping
Fencing: Block
Amenities: Kitchen
Parking: Paved Parking
Electric: SRP
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
Lockbox Type: None
Source of Fincl Data: Provided by Owner
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
Roads/Streets: Asphalt
Traffic Count: Unknown
Reports/Disclosures: None
Use Restrictions: Other (See Remarks)
Environmental: None
Listing Office: MCG Realty
Last Updated: August - 10 - 2022
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