$875,000
1317 W MCKINLEY Street
Phoenix, AZ 85007
MLS# 6256823
Status: Closed



1317 W MCKINLEY Street, Phoenix, AZ 85007
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1317 W MCKINLEY Street, Phoenix, AZ 85007 1317 W MCKINLEY Street, Phoenix, AZ 85007 1317 W MCKINLEY Street, Phoenix, AZ 85007 1317 W MCKINLEY Street, Phoenix, AZ 85007 1317 W MCKINLEY Street, Phoenix, AZ 85007 1317 W MCKINLEY Street, Phoenix, AZ 85007 1317 W MCKINLEY Street, Phoenix, AZ 85007 1317 W MCKINLEY Street, Phoenix, AZ 85007 1317 W MCKINLEY Street, Phoenix, AZ 85007

Property Description
12,000 sqft warehouse in the incredible arts district of Downtown Phx. The property needs some work, but is certainly priced accordingly! Located in the mix of many shops, restaurants, and art galleries, as well as minutes to the I-10, you cannot beat this location. The current owners of the property own and run a very successful yoga clothing company that has quickly outgrown their warehouse space/retail space in Carefree. They are open to selling the property as-is or leaving some skin in the game and leasing back half of the space at market rent once built out and suitable for tenants. In that scenario, they would need to recoup some of the cash they have into the property, but it could be a very fruitful partnership.

Details
Maps
Documents
Contract Info
Current Price: $875,000
Sold Price: $875,000
Status: Closed
List Date: 2021-06-27
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q34
House Number: 1317
Compass: W
Street Name: MCKINLEY
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 2366
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 16 BLOCK K UNIVERSITY ADDITION MCR 000107
Subdivision: UNIVERSITY ADDITION
Assessor's Map #: 27
Assessor's Parcel #: 132
Add'l Parcels: Yes
Assessor Number: 111-27-132
Census Tract: 112900
Legal: LOT 16 BLOCK K UNIVERSITY ADDITION MCR 000107
Tax Municipality: Phoenix
Taxes: 10023
Tax Year: 2020
General Property Description
Type of Property: Warehouse
Ttl Apx SqFt Bldg: 11961
# of Buildings: 1
Lot Size Dimensions: 200 x 131
Year Built: 1970
Uncvrd Parking Spcs: 20
Zoning: C-2
Remarks & Misc
Cross Street: Grand Ave / Roosevelt
Directions: Heading SE on Grand Ave, turn right onto Mckinley - Continue straight and property is on the left
Geo Lat: 33.456626
Geo Lon: -112.089942
Status Change Info
Status Change Date: 2021-11-28
Off Market Date: 2021-11-28
Under Contract Date: 2021-08-06
Close of Escrow Date: 2021-11-28
Sold Price: $875,000
Legal Info
Township: 1N
Range: 3E
Section: 6
Lot Number: 16
Bay Info
# of Bays: 2
# of Bay Doors: 1
Income & Expenses
Owner Association: No
Operating Exp: 10023
Pmt & Rate Info
Equity: 950000
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehse
Current Use: Warehouse; See Remarks
Stories: 1 Story
Construction: Block; Metal; Frame - Wood
Roofing: Metal
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet; 14.1 Feet to 16 Feet
Heating: Natural Gas
Cooling: Warehouse Evap
Loading Facilities: Truck Well; Drive-in Door(s)
Interior: Unfinished
Fencing: Chain Link; Security
Parking: Free; Private Parking; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Source of Fincl Data: Other (See Remarks)
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: Dirt; Asphalt
Traffic Count: Unknown
Reports/Disclosures: None
Environmental: None

Listing Office: Stunning Homes Realty

Last Updated: February - 24 - 2022

1317 W MCKINLEY Street, Phoenix, AZ 85007 - MLS# 6256823
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