$630,000
2259 W BROADWAY Road
Mesa, AZ 85202
MLS# 6368695
Status: Closed



2259 W BROADWAY Road, Mesa, AZ 85202
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Property Description
Impeccable opportunity situated at a signalized intersection with street frontage on the busy street of Broadway Rd. The property is conveniently located directly across from Broadway Commerce Park, along with surrounding multi-family and residential. This free-standing building consists of 2,402 SF. One side of the building is occupied by a convenience store tenant whom is currently paying $2,309.46 with a 5% annual escalation. The other side is a newly renovated office space consisting of 4 private offices, a reception area, common area, and break room. The office space is currently occupied at $1,750.00 NNN through 04/30/23. Roof and 1 HVAC unit both replaced in 2021. **DO NOT DISTURB TENANTS*

Details
Maps
Documents
Contract Info
Current Price: $630,000
Sold Price: $630,000
Status: Closed
List Date: 2022-03-09
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R38
House Number: 2259
Compass: W
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85202
Zip4: 1207
Country: USA
County Code: Maricopa
Legal Description (Abbrev): E 100F W 130F S 150F N 205F NE4 NW4 NE4
Assessor's Map #: 39
Assessor's Parcel #: 6
Assessor Parcel Ltr: L
Add'l Parcels: No
Assessor Number: 134-39-006-L
Census Tract: 422104
Legal: E 100F W 130F S 150F N 205F NE4 NW4 NE4
Tax Municipality: Mesa
Taxes: 4406
Tax Year: 2021
General Property Description
Type of Property: Convenience Store/Office
Ttl Apx SqFt Bldg: 2402
# of Buildings: 1
Year Built: 1971
Uncvrd Parking Spcs: 8
Zoning: LC
Flood Zone: No
Remarks & Misc
Cross Street: Broadway Rd and Dobson Rd
Directions: From Dobson, turn West on Broadway Rd, property in SE corner of Broadway Rd and Valencia
Geo Lat: 33.407195
Geo Lon: -111.880799
Status Change Info
Status Change Date: 2022-09-14
Off Market Date: 2022-09-07
Under Contract Date: 2022-08-03
Close of Escrow Date: 2022-09-13
Sold Price: $630,000
Legal Info
Township: 1N
Range: 5E
Section: 30
Lot Number: 2259
Income & Expenses
Owner Association: No
Operating Exp: 4406
Gross Annual Sch Inc: 48713.52
Adjusted Gross Inc: 48713.52
Net Operating Income: 44307.52
Pmt & Rate Info
Cap Rate: 6.33
Equity: 700000
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Mixed Use; Service Business; Packge Store(Liquor); Office
Stories: 1 Story
Construction: Block; Frame - Wood
Roofing: Rolled
Floors: Wood; Other
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Heat Pump
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Private Restrooms
Exterior: Corner Lot; Building Sign; Security Camera(s)
Fencing: None
Amenities: Reception Room
Parking: Free; Paved Parking
Electric: SRP; Individual Meter
Gas: Other (See Remarks)
Water: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Freeway/Highway: 1.1 - 2 Miles
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Roads/Streets: Asphalt; Sidewalk(s)
Traffic Count: Unknown
Reports/Disclosures: Seller Prop Disc Stm
Use Restrictions: Currently Leased
Environmental: Phase I Available; None

Listing Office: Century 21 Arizona Foothills

Last Updated: August - 16 - 2023

2259 W BROADWAY Road, Mesa, AZ 85202 - MLS# 6368695
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