$1,000,000
Phoenix, AZ 85015
MLS# 6258333
Status: Closed
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Property Description
Great Investment Opportunity in the Opportunity Zone (04013107400)! Two parcel property (7,509 SF Total) zoned C-0 (16,080 SF Lot) with 8 units individually metered for electric. With C-0 zoning the uses for this property are wide-ranging from; Office, Medical, Retail, etc. It is Centrally Located near the I-17, 1-10, and US-51 Freeways. Within Half-Mile of the redeveloped Christown Spectrum, One Mile of the Abrazo Central Campus, and 2 Miles of Grand Canyon University. The property is next to the Valley Metro Light Way system and in the Interim Transit-Oriented Zoning Overlay District One (TOD-1). Great Value-Add Opportunity for Investors or Owner/Users!
Details
Maps
Contract Info
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2021-06-04
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: N34
House Number: 1830
Compass: W
Street Name: COLTER
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 9001
Country: USA
County Code: Maricopa
Legal Description (Abbrev): NILE TR E 69' OF S 126.12' OF LOT 6 BLK 1
Subdivision: NILE TRACT BLOCK 2
Assessor's Map #: 36
Assessor's Parcel #: 15
Add'l Parcels: Yes
Assessor Number: 156-36-015
Census Tract: 107400
Legal: NILE TR E 69' OF S 126.12' OF LOT 6 BLK 1
Tax Municipality: Phoenix
Taxes: 10532
Tax Year: 2020
Marketing Name: Golden Plaza
General Property Description
Type of Property: Commercial Office Building
Ttl Apx SqFt Bldg: 7509
Ttl Apx Net Rnt Spc: 9052
# of Buildings: 1
Lot Size Dimensions: 134*120
Year Built: 1987
Uncvrd Parking Spcs: 20
Zoning: C-0
Flood Zone: No
Remarks & Misc
Cross Street: 19th Ave and Camelback Rd
Directions: North on 19th Avenue, East on Colter St. Property on north side of the street.
Geo Lat: 33.513491
Geo Lon: -112.098893
Status Change Info
Status Change Date: 2022-06-10
Off Market Date: 2022-06-01
Under Contract Date: 2022-04-27
Close of Escrow Date: 2022-06-10
Sold Price: $1,000,000
Legal Info
Township: 2N
Range: 3E
Section: 18
Lot Number: 6
Income & Expenses
Annual Elec Exp: 1667
Annual Ins Exp: 5748
Annual Landscape Exp: 1650
Annual Trash Exp: 2916
Annual Wtr/Swr Exp: 1818
Owner Association: No
Operating Exp: 24331
Gross Annual Sch Inc: 102600
Vacancy Allowance: 0.05
Adjusted Gross Inc: 97470
Net Operating Income: 73139
Pmt & Rate Info
Cap Rate: 7.31
Equity: 1000000
Contact Info
List Agent Home Phn: 623-340-8072
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 6000
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Mixed Use; Office; Retail
Stories: 2 Stories
Construction: Block; Stucco; Frame - Wood
Roofing: Metal
Floors: Concrete; Wood; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Office A/C
Loading Facilities: None
Interior: Finished; Public Restrooms
Exterior: Landscaping; Security Light(s); Security Camera(s)
Fencing: Block; Security
Parking: Fenced; Free; Private Parking
Electric: APS
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Private
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable
Roads/Streets: Asphalt; Sidewalk(s)
Traffic Count: 5,001 to 15,000
Reports/Disclosures: Seller Prop Disc Stm; Sch of Personal Prop
Use Restrictions: Currently Leased
Environmental: None
Listing Office: neXGen Real Estate
Last Updated: October - 19 - 2023
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