$430,000
Avondale, AZ 85323
MLS# 5973947
Status: Closed
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Property Description
PERFECT for YOUR Business! A great property ready for new owners. This quaint Convenience Store has many different possibilities (bar, restaurant, salon, Carnceria, Market etc). Spacious and open with ample paved marked parking and lots of street traffic. Pictured Refrigerators were from vendors & have been removed. Existing Shelving, Security Cameras as safety roll down shutters on premises convey. Has a Loading area in Rear. Has a private Restroom and Rear Office Area. Sits on a 1/4 AC Lot. Huge Rear Yard on Each Side, Potential for Drive-Thru. Great location on highway 85 in Avondale near Airport, Ballparks, Schools & major business district. Don't miss the opportunity to own your own land and business in the heart of growing Avondale! Please show and Sell. Thank you!
Details
Maps
Contract Info
Current Price: $430,000
Sold Price: $430,000
Status: Closed
List Date: 2019-08-30
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q29
House Number: 129
Compass: E
Street Name: MAIN
St Suffix: Street
City/Town Code: Avondale
State/Province: AZ
Zip Code: 85323
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 4 COOK SUBDIVISION LOT 1-6 TR A MCR 023136
Subdivision: COOK SUBDIVISION LOT 1-6 TR A
Assessor's Map #: 50
Assessor's Parcel #: 77
Add'l Parcels: No
Assessor Number: 500-50-077
Census Tract: 61402
Legal: LOT 4 COOK SUBDIVISION LOT 1-6 TR A MCR 023136
Tax Municipality: Avondale
Taxes: 4356
Tax Year: 2019
Marketing Name: Perfect Business Location
General Property Description
Type of Property: Convenience Store/Bar Tavern
Ttl Apx SqFt Bldg: 2451
# of Buildings: 1
Year Built: 1959
Uncvrd Parking Spcs: 15
Zoning: C-2
Remarks & Misc
Cross Street: Highway 85/Litchfield Rd
Directions: South on Litchfield RD to Highway 85, Turn L going Eastbound, Store will be on your Right
Geo Lat: 33.427472
Geo Lon: -112.351824
Status Change Info
Status Change Date: 2020-03-24
Off Market Date: 2020-03-23
Under Contract Date: 2020-03-11
Close of Escrow Date: 2020-03-24
Sold Price: $430,000
Legal Info
Township: 1N
Range: 1W
Section: 15
Lot Number: 4
Income & Expenses
Annual Elec Exp: 6000
Annual Ins Exp: 2000
Annual Landscape Exp: 300
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 2400
Owner Association: No
Operating Exp: 16256
Other Income: 32400
Adjusted Gross Inc: 32400
Net Operating Income: 32400
Pmt & Rate Info
Cap Rate: 7.05
Equity: 459900
Sold Info
Loan Type: Carryback
Loan Years: 4
Payment Type: Fixed
Clsing Cost Split: Seller Paid - S
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Retail
Stories: 1 Story
Construction: Stucco; Frame - Wood; Brick
Roofing: Comp Shingle
Floors: Vinyl
Ceiling Height: 8.1 Feet to 10 Feet; 12.1 Feet to 14 Feet
Cooling: Central A/C
Loading Facilities: Other (See Remarks)
Interior: Finished; Alarm System; Private Restrooms
Fencing: Block
Parking: Public Parking; Paved Parking
Electric: APS
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Frontage; Other (See Remarks)
Railroad: Railroad 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: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Gravel; Dirt; Asphalt
Traffic Count: 35,001 to 50,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Realty ONE Group
Last Updated: May - 23 - 2020
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