$1,200,000
Arlington, AZ 85322
MLS# 6618824
Status: UCB (Under Contract-Backups)
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Property Description
Great opportunity to buy this incredible income property. The restaurant/bar is currently leased. It is a very popular restaurant/bar and the only one within 20 miles. The inside has been remodeled with a full kitchen and bar. This building is approx. 4500 square feet. There is also an outside bar with a fenced in patio. There is plenty of parking on the property, which is approximately 5 acres that includes a rodeo arena. There is 11 full R/V hook ups, they are all rented out. This is a once in a lifetime opportunity to start your dream business.
Details
Maps
Contract Info
Current Price: $1,200,000
List Price: $1,200,000
Status: UCB (Under Contract-Backups)
List Date: 2023-10-16
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 18300
Compass: S
Street Name: Old US Highway 80
St Suffix: --
City/Town Code: Arlington
State/Province: AZ
Zip Code: 85322
Country: USA
County Code: Maricopa
Assessor's Map #: 58
Assessor's Parcel #: 14
Add'l Parcels: No
Assessor Number: 401-58-014
Legal: N2 NE4 NE4 NE4
Tax Municipality: Maricopa - COUNTY
Taxes: 4326
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 4580
# of Buildings: 4
Year Built: 1931
Uncvrd Parking Spcs: 100
Zoning: c-c
Flood Zone: TBD
Remarks & Misc
Cross Street: old Highway US 80 & Desert Rose
Directions: I-10 to Palo Verde Rd south to Old US 80 and go 9 miles.
Geo Lat: 33.276964
Geo Lon: -112.799151
Status Change Info
Status Change Date: 2024-04-08
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Lot Number: -
Income & Expenses
Owner Association: No
Operating Exp: 4326
Other Income: 11500
Adjusted Gross Inc: 11500
Net Operating Income: 11500
Pmt & Rate Info
Cap Rate: 0.96
Equity: 1200000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial; Industrial
Current Use: Mixed Use; Restaurant; Recreational; Bar
Stories: 1 Story
Construction: Block; Stucco; Frame - Wood
Roofing: Rolled
Floors: Concrete; Sealed
Ceiling Height: 8 Feet or Less
Cooling: Central A/C; Window/Wall Unit
Loading Facilities: None
Interior: Finished; Security Light(s); Private Restrooms
Exterior: Corner Lot; Building Sign; Monument Sign
Fencing: See Remarks
Amenities: Kitchen
Parking: Public Parking
Electric: APS
Gas: None
Water: Domestic Well
Sewer: Septic Tank
Freeway/Highway: Frontage
Railroad: Other (See Remarks)
New Financing: Cash Only; Cash to Loan; Owner May Carry
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Non Assumable
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: Seller Prop Disc Stm; Well Disclosure
Environmental: None
Listing Office: West USA Realty
Last Updated: April - 08 - 2024
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