$1,400,000
1624 E WASHINGTON Street
Phoenix, AZ 85034
MLS# 6217586
17292 sqft


1624 E WASHINGTON Street, Phoenix, AZ 85034
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1624 E WASHINGTON Street, Phoenix, AZ 85034 1624 E WASHINGTON Street, Phoenix, AZ 85034 1624 E WASHINGTON Street, Phoenix, AZ 85034 1624 E WASHINGTON Street, Phoenix, AZ 85034

Property Description
4 lots all C-3 Zoning, 0.72 acres total; Faces Light Rail. ** 2 building structures approx. 16ksf, 2 small structures approx. 1300 sf **. Adjacent to the hard corner Circle K. Very busy traffic on 16th St and Washington St. Must make an appointment to tour. Call listing Agent. Parcels: 115-04-094, 115-04-095, 115-04-096, 115-04-097

Details
Maps
Documents
Contract Info
Current Price: $1,400,000
List Price: $1,400,000
Status: Active
List Date: 2021-04-02
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: Q35
House Number: 1624
Compass: E
Street Name: WASHINGTON
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 20 BLOCK 37 COLLINS PHOENIX BLKS 23-26, 17, 27 MCR 000111
Subdivision: COLLINS PHOENIX BLKS 23-26, 17, 27
Assessor's Map #: 4
Assessor's Parcel #: 97
Add'l Parcels: Yes
Assessor Number: 115-04-097
Census Tract: 113900
Legal: APN: 115-04-094, 115-04-095, 115-04-096, 115-04-097
Tax Municipality: Phoenix
Taxes: 11163
Tax Year: 2020
Marketing Name: Washington St Industrial
General Property Description
Type of Property: Commercial-Industrial
Approx SQFT: 17292
# of Buildings: 4
Year Built: 1925
Uncvrd Parking Spcs: 20
Zoning: C-3
Flood Zone: No
Remarks & Misc
Cross Street: 16TH STREET AND WASHINGTON
Directions: Just East of the hard corner Circle K
Geo Lat: 33.448669
Geo Lon: -112.046561
Status Change Info
Status Change Date: 2021-04-06
Legal Info
Township: 1N
Range: 3E
Section: 10
Lot Number: 20
Income & Expenses
Annual Elec Exp: 13200
Annual Ins Exp: 1200
Annual Maint Exp: 2225
Annual Trash Exp: 1250
Annual Wtr/Swr Exp: 5100
Owner Association: No
Operating Exp: 34138
Gross Annual Sch Inc: 42000
Adjusted Gross Inc: 42000
Net Operating Income: 19025
Pmt & Rate Info
Cap Rate: 1.36
Equity: 1400000
Property Features
Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehse
Current Use: Mixed Use; Service Business; Automobile; Office; Warehouse; Retail; Wholesale
Stories: 2 Stories
Construction: Block
Roofing: Other (See Remarks)
Floors: Concrete
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Electric
Cooling: Other (See Remarks)
Loading Facilities: Other (See Remarks)
Interior: Other (See Remarks)
Exterior: Other (See Remarks)
Fencing: Partial
Parking: Fenced
Electric: SRP
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Owner Wants: Cash Only; 1031 Exchange
Source of Fincl Data: Provided by Owner; Tax Return
Existing 1st Loan: Other (See Rmks)
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear; Other (See Remarks)
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: Other (See Remarks)
Environmental: Other (See Remarks)

Listing Office: LRA Real Estate Group, LLC

Last Updated: April - 08 - 2021

1624 E WASHINGTON Street, Phoenix, AZ 85034 - MLS# 6217586

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