$820,000
Phoenix, AZ 85018
MLS# 6016390
Status: Closed
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Property Description
PRICE CHANGE for real estate only. Owner now willing to sell the building and land contingent on buyer leasing back to owner/business owner on agreeable terms. This will be an 8.23 cap off NNN rent and $125 monthly billboard income. Owner has operated this successful bar/restaurant for many years. On a corner with traffic light on highly traversed E. Thomas Rd. Across the street from a very busy Walmart and Home Depot. In last 10 years there has been SIGNIFICANT equipment, building component replacements. Great price and a ready made successful tenant on a hard corner across from MAJOR retail with great traffic counts! It doesn't get better than this!
Details
Maps
Contract Info
Current Price: $820,000
Sold Price: $820,000
Status: Closed
List Date: 2019-12-19
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: P35
House Number: 3738
Compass: E
Street Name: Thomas
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Country: USA
County Code: Maricopa
Subdivision: Citrus Acres Lots 21-60
Assessor's Map #: 22
Assessor's Parcel #: 62
Add'l Parcels: No
Assessor Number: 127-22-062
Legal: Furnished in escrow
Tax Municipality: Phoenix
Taxes: 11217
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 3703
# of Buildings: 1
Year Built: 1969
Uncvrd Parking Spcs: 25
Zoning: C-2
Remarks & Misc
Cross Street: 38th St. and E. Thomas Rd.
Geo Lat: 33.480704
Geo Lon: -112.000154
Status Change Info
Status Change Date: 2021-07-14
Off Market Date: 2021-04-02
Under Contract Date: 2021-04-01
Close of Escrow Date: 2021-07-14
Sold Price: $820,000
Legal Info
Lot Number: 80
Income & Expenses
Owner Association: No
Contact Info
List Agent Home Phn: 602-840-8484
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Food Service; Bar
Stories: 1 Story
Construction: Stucco; Frame - Wood
Roofing: Comp Shingle; Built-Up; Foam
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Natural Gas
Cooling: Central A/C; Office Evap
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Public Restrooms
Exterior: Corner Lot; Dual Street Ftg; Pole Sign; Building Sign; Security Light(s); Security Camera(s)
Fencing: Chain Link; Partial
Parking: Free; Private Parking; Paved Parking
Electric: SRP
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner; Provided by Accntnt; Other (See Remarks)
Existing 1st Loan: SBA
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Not Applicable
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; Dedicated Street; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: Other (See Remarks)
Reports/Disclosures: Seller Prop Disc Stm; Other (See Remarks)
Environmental: Phase II Available
Listing Office: Tom Henschen And Assoc., Inc
Last Updated: July - 14 - 2021
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