$345,000
437 S FOURTH Street
Globe, AZ 85501
MLS# 5982327
Status: Closed



437 S FOURTH Street, Globe, AZ 85501
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437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501 437 S FOURTH Street, Globe, AZ 85501

Property Description
Wow! This facility consists of 2 buildings one built in 1945 and the other building built in 1906 and is the oldest school building in Globe and has not been used for school purposes since 2009. Each building is constructed with poured concrete, foam-covered roofs and formerly an East Globe Elementary school. These structures are located on a rectangular-shaped full city block, with this entire perimeter covered with 6 foot chain-link metal fencing. The first building has 3 floors each measuring some 5,000 sf. THE FRONT BUILDING faces on U.S. 60 which is named ''Ash Avenue'' as it runs through Globe, AZ and has a total of 15,000 sf. The first floor currently contains administrative offices for a (a) Student Reception area, (b) A School Principal & (c) A School Nurse. These offices are

Details
Maps
Contract Info
Current Price: $345,000
Sold Price: $345,000
Status: Closed
List Date: 2019-09-23
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C71
House Number: 437
Compass: S
Street Name: FOURTH
St Suffix: Street
City/Town Code: Globe
State/Province: AZ
Zip Code: 85501
Zip4: 1817
Country: USA
County Code: Gila
Legal Description (Abbrev): LOT 1 BLOCK 19 EAST GLOBE MAP UNIT 1
Subdivision: EAST GLOBE MAP UNIT 1
Assessor's Map #: 5
Assessor's Parcel #: 299
Add'l Parcels: No
Assessor Number: 208-05-299
Census Tract: 1100
Legal: LOTS 1 - 18 OF BLOCK 19,EAST GLOBE MAP NO. 1, PLAT 2; SEC 25 T1N R15E; = 2.10 AC
Tax Municipality: Globe
Taxes: 5866
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 29437
# of Buildings: 3
Year Built: 1961
Uncvrd Parking Spcs: 50
Zoning: Commercial
Remarks & Misc
Cross Street: Ash St & 4th St
Directions: Take Interstate 60 toward Globe. When you get to 4th St go left. Property is on the right
Geo Lat: 33.395218
Geo Lon: -110.776996
Status Change Info
Status Change Date: 2020-11-19
Off Market Date: 2020-11-19
Under Contract Date: 2020-09-08
Close of Escrow Date: 2020-11-18
Sold Price: $345,000
Legal Info
Township: 01N
Range: 15
Section: 25
Lot Number: 1
Income & Expenses
Owner Association: No
Pmt & Rate Info
Equity: 500000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Current Use: Mixed Use; Service Business; Other; See Remarks
Stories: 3 - 4 Stories
Construction: Block; Tilt-Up
Roofing: Other (See Remarks)
Floors: Concrete; Other
Ceiling Height: 8.1 Feet to 10 Feet; 12.1 Feet to 14 Feet
Cooling: Central A/C; Other; See Remarks
Loading Facilities: None
Interior: Finished
Fencing: Chain Link
Parking: Fenced
Electric: City Electric
Gas: Other (See Remarks)
Water: City Franchise
Sewer: Sewer - Public
Source of Fincl Data: Provided by Owner
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; Other (See Remarks)
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
Reports/Disclosures: None
Environmental: None
Supplements
served by a central air conditioning/heating unit and on the same first floor of the building there are five large classrooms which have an evaporative cooling system with forced air heat. Additionally, there are both men's and women's bathrooms on the ground floor here, along with blackboards and other school accessories in each classroom. Further, all three floors of this building have tile flooring in the rooms and polished cement in the outside hallways. THE SECOND FLOOR in this front building contains a total of 6 classrooms. The third floor has three large rooms, all three of these floors each containing 5,000 sf of space. There are several important security features in this front building. First, there are large chain-link gates on the first floor to enter the building from two sides. Further, chain-link fencing extends above all floor banisters, so no student climbing could provide access. Finally since this building has been continuously used through December 2015 as a school facility, it is fully improved with Wi-Fi access and other accessory features are all up-to-date. REAR BUILDING - There are 2 floors to this structure, each containing 5,000 sf. On the first floor are five classrooms and approximately 75% of all the opening in this building have been refitted, with new vintage-type, appropriate sized & double-paneled, metal-clad windows. Hardwood flooring exists throughout this structure and there are two 1/2 unisex restrooms in this building along with two very large men's and women's bathrooms with plumbing piping but no toilets, shower fixtures or washbasins. SPECIAL FEATURES: 1. Changeable building signate-property front. 2. Regulation Tennis Court. 3. On-site recess areas/3 basketball areas. 4. Boiler, hot water heating system replaced in rear building, circa 2008, at a cost (rounded) $100,000 for radiator-type heat in building. 5. Full fire sprinkler system in rear building. 6. Separate building, which was a former school library, of (rounded) 2,000 sf, that included central air conditioning/heating system and two restrooms. 7. Electrical/gas systems in both buildings are code compliant except for certain short gas plumbing needs in rear building. 8. Two additional large bathrooms in rear building contains plumbing/all fixtures here (toilets, sinks, showers) need to be replaced; 2 1/2 fully equipped restrooms currently existing. 9. On-site parking: 12 spaces in front of building/ 20 spaces in rear and side of site. SPECIAL NOTE ON VALUE ADD OPPORTUNITY It is recognized that the rear right hand section of these premises contains a piece of vacant land of (rounded) one-half acre. This space could accommodate 20 newlt-constructed one-bedroom apartments for seniors. Also, parking spaces for this building could also be conveniently placed here. If it was decided to pursue full service senior housing on this campus, this would be the only facility in the City of Globe to offer such accommodations. Combining (a) this new facility and (b) the existing rear two-story building into both a "lifelong learning" facility and kitchen quarters, would allow a needed service to be available in this town. Finally, this type of program should add a significant revenue stream to the ownership of this premises.

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: August - 06 - 2021

437 S FOURTH Street, Globe, AZ 85501 - MLS# 5982327
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