$625,000
Morristown, AZ 85342
MLS# 6324773
Status: Closed
1 / 19
Property Description
5.28 AC PRIME COMMERCIAL PROPERTY AT THE INTERSECTION OF HWY 60/74. Private domestic well. Billboard lease included in sale. Original building has been a private residence, store and restaurant. All buildings currently being used for storage. Tenant using property as a cactus nursery/landscape business. Tenant lease through Feb 2023. Possible Future Use: gas station, restaurant, retail and more.
Details
Maps
Contract Info
Current Price: $625,000
Sold Price: $625,000
Status: Closed
List Date: 2021-11-22
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: E23
House Number: 41806
Compass: N
Street Name: US HWY 60 89
St Suffix: --
City/Town Code: Morristown
State/Province: AZ
Zip Code: 85342
Zip4: 9013
Country: USA
County Code: Maricopa
Legal Description (Abbrev): PT S2 N2 DAF BEG AT S LN OF S2 N2 & SWLY LN OF H/ W 60-70-89 TH W ALG S LN OF S2 N2 794.40F TH N 20
Assessor's Map #: 22
Assessor's Parcel #: 30
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 503-22-030-A
Census Tract: 40515
Legal: PT S2 N2 DAF BEG AT S LN OF S2 N2 & SWLY LN OF H/ W 60-70-89 TH W ALG S LN OF S2 N2 794.40F TH N 20 D 25M E 573.27Fmore
Tax Municipality: Maricopa - COUNTY
Taxes: 699
Tax Year: 2021
General Property Description
Ttl Apx SqFt Bldg: 1155
# of Buildings: 1
Year Built: 1950
Uncvrd Parking Spcs: 10
Zoning: C-3, C-2, RU-43
Flood Zone: No
Remarks & Misc
Cross Street: US Hwy 60/89 & Hwy 74
Directions: Property is located on the south side of US Hwy 60/89 at the intersection of Hwy 74 in Morristown.
Geo Lat: 33.862563
Geo Lon: -112.633348
Status Change Info
Status Change Date: 2022-02-17
Off Market Date: 2022-02-17
Under Contract Date: 2022-01-09
Close of Escrow Date: 2022-02-16
Sold Price: $625,000
Legal Info
Township: 6N
Range: 4W
Section: 13
Lot Number: N/A
Income & Expenses
Owner Association: No
Operating Exp: 699
Other Income: 11400
Adjusted Gross Inc: 11400
Net Operating Income: 11400
Pmt & Rate Info
Cap Rate: 1.76
Equity: 649000
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Service Business; Wholesale
Stories: 1 Story
Construction: Frame - Wood; Brick
Roofing: Metal
Floors: Concrete
Ceiling Height: 8 Feet or Less
Heating: Natural Gas
Cooling: None
Loading Facilities: None
Interior: Unfinished; Private Restrooms
Fencing: Chain Link; Wire
Parking: Free
Electric: APS
Gas: SW Gas
Water: Domestic Well
Sewer: Other (See Remarks)
Freeway/Highway: Frontage
Railroad: Other (See Remarks)
Lockbox Type: None
Special: Unincorporated Area
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
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
Reports/Disclosures: Seller Prop Disc Stm; Well Disclosure
Environmental: None
Listing Office: Century 21 Arizona West
Last Updated: February - 17 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Broker Attribution:
928-671-0149