$500,000
Eloy, AZ 85131
MLS# 6698819
1 / 43
Property Description
Discover the opportunity to create your culinary legacy at 310 Frontier St., the former home of the beloved Encore Family Restaurant. Having closed its doors after years of serving Eloy as a cherished gathering place since 1955, this iconic property now stands ready for a new vision. Perfectly situated for adventurers returning from Picacho Peak and local fans after Friday night football at Santa Cruz High, this space is ripe for reinvention. Offering a generous layout with a full kitchen and an inviting dining area, it beckons an entrepreneurial spirit to craft their own restaurant concept or community hub in this once-bustling spot. Seize this chance to turn a page in Eloy's history books; step into this storied venue where your dream can become the new heart and soul of the city.
Details
Maps
Contract Info
Current Price: $500,000
List Price: $500,000
Status: Active
List Date: 2024-04-27
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 310
Compass: W
Street Name: FRONTIER
St Suffix: Street
City/Town Code: Eloy
State/Province: AZ
Zip Code: 85131
Zip4: 1828
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 26 BLOCK 3 SECOND ADDITION TO COTTON CITY CAB 4 SLD 43
Subdivision: SECOND ADDITION TO COTTON CITY
Assessor's Map #: 5
Assessor's Parcel #: 377
Add'l Parcels: No
Assessor Number: 405-05-377
Census Tract: 2003
Legal: LOT 26 BLOCK 3 SECOND ADDITION TO COTTON CITY CAB 4 SLD 43
Tax Municipality: Eloy
Taxes: 3233
Tax Year: 2023
General Property Description
Type of Property: Commercial restaurant
Ttl Apx SqFt Bldg: 1876
# of Buildings: 1
Lot Size Dimensions: 140'x100'
Year Built: 1955
Uncvrd Parking Spcs: 8
Zoning: C-1
Flood Zone: TBD
Remarks & Misc
Cross Street: W Frontier St & N Curiel St
Directions: Exit I-10 to N Toltec Rd, right on HWY 84, property on the left
Geo Lat: 32.755358
Geo Lon: -111.559713
Status Change Info
Status Change Date: 2024-04-30
Legal Info
Township: 08S
Range: 08E
Section: 06
Lot Number: 26
Income & Expenses
Annual Elec Exp: 7913
Annual Gas Exp: 3410
Annual Ins Exp: 4340
Annual Landscape Exp: 480
Annual Maint Exp: 900
Annual Mgmt Exp: 194438
Annual Wtr/Swr Exp: 4743
Owner Association: No
Annual Other Expense: 234702
Gross Annual Sch Inc: 530243
Adjusted Gross Inc: 530243
Net Operating Income: 78067
Pmt & Rate Info
Cap Rate: 15.61
Equity: 500000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Current Use: Restaurant; Food Service
Stories: 1 Story
Construction: Block
Roofing: Comp Shingle
Floors: Ceramic Tile
Ceiling Height: 8 Feet or Less
Heating: Natural Gas
Cooling: Central A/C
Loading Facilities: Grade Level
Interior: Unfinished
Fencing: Chain Link
Parking: Free; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Frontage
New Financing: Cash Only; 1031 Exchange
Lockbox Type: Mech-box / Combo
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Roads/Streets: Asphalt
Reports/Disclosures: None
Environmental: None
Listing Office: Realty Executives Arizona Territory
Last Updated: May - 01 - 2024
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