$225,000
Eloy, AZ 85131
MLS# 6625458
1 / 28
Property Description
Exciting Commercial Opportunity on Main Street! $100k discount if all three buildings are purchased together. Located in downtown Eloy on Main Street, and near the corner with Frontier, providing excellent visibility, foot traffic, and vehicle traffic. Eloy is growing, don't miss this opportunity to be a part of growth and secure your location before it's gone! Vacant and demoed inside, awaiting your tenant and TI's. This 2,250 SF space is currently wide open, with a variety of uses including retail, office, and restaurant. Street parking out front. STRONG RENTAL DEMAND and low supply. $12/SF/year in range along with 8-10% CAP rates. Lots of growth nearby with Lucid, Nikola, Kohler, and Proctor & Gamble, among others! **Package Deal for Buying the entire building**
Details
Maps
Contract Info
Current Price: $225,000
List Price: $225,000
Status: Active
List Date: 2023-11-01
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 313
Compass: N
Street Name: MAIN
St Suffix: Street
City/Town Code: Eloy
State/Province: AZ
Zip Code: 85131
Zip4: 2511
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 7 BLOCK 42 COTTON CITY (PROPER) CAB 2 SLD 8
Subdivision: COTTON CITY (PROPER)
Assessor's Map #: 3
Assessor's Parcel #: 43
Add'l Parcels: Yes
Assessor Number: 405-03-043
Census Tract: 2003
Legal: LOT 7 BLOCK 42 COTTON CITY (PROPER) CAB 2 SLD 8
Tax Municipality: Eloy
Taxes: 1607
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 2250
# of Buildings: 1
Year Built: 1948
Uncvrd Parking Spcs: 5
Zoning: C-2
Flood Zone: TBD
Remarks & Misc
Cross Street: Frontier & Main Street
Directions: From Frontier, North on Main Street to property on east side of Rd.
Geo Lat: 32.752459
Geo Lon: -111.554514
Status Change Info
Status Change Date: 2023-11-01
Legal Info
Township: 08S
Range: 08E
Section: 06
Lot Number: 7
Income & Expenses
Owner Association: No
Operating Exp: 1607
Gross Annual Sch Inc: 27000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 25650
Net Operating Income: 25650
Pmt & Rate Info
Cap Rate: 11.4
Equity: 225000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Current Use: Office; Retail; Food Service
Stories: 1 Story
Construction: Block
Roofing: Tile; Rolled
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Natural Gas
Cooling: Central A/C
Loading Facilities: None
Interior: Unfinished
Fencing: None
Parking: Public Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Railroad: RlRd up to 1 Mile
New Financing: Cash Only; Owner May Carry; 1031 Exchange; Lease Option/Purchse; Lease
Lockbox Type: Supra (ARMLS); Mech-box / Combo
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Treat as Free&Clear
Roads/Streets: Asphalt
Traffic Count: 5,001 to 15,000
Reports/Disclosures: None
Environmental: None
Listing Office: Realty Executives Arizona Territory
Last Updated: March - 20 - 2024
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