$860,000
Chandler, AZ 85225
MLS# 6636569
Status: Closed
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Property Description
Elevate your business portfolio w/this fantastic commercial property, conveniently located the heart of Chandler. Owner user or investment property. Convenience store tenant on 12 mo lease agreement, occupies 3 suites. Owner occupied last suite will be vacant at closing. 2 adjacent lots to south included. 18 parking spaces and opportunity to further develop premises. Do not disturb tenant.
Details
Maps
Contract Info
Current Price: $860,000
Sold Price: $860,000
Status: Closed
List Date: 2023-12-01
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 500
Compass: E
Street Name: CHANDLER
St Suffix: Boulevard
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 5545
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 25 WINGFOOT VILLAGE 2 MCR 004107
Subdivision: WINGFOOT VILLAGE 2
Assessor's Map #: 63
Assessor's Parcel #: 61
Add'l Parcels: Yes
Assessor Number: 302-63-061
Census Tract: 522903
Legal: LOT 25 WINGFOOT VILLAGE 2 MCR 004107
Tax Municipality: Chandler
Taxes: 1813
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 3400
# of Buildings: 1
Lot Size Dimensions: 40x83x81x83
Year Built: 1957
Uncvrd Parking Spcs: 18
Zoning: [C-3]
Flood Zone: No
Remarks & Misc
Cross Street: Arizona Ave & Chandler Blvd
Directions: Head east on Chandler Blvd, Turn left onto Fresno St. Property will be on the right.
Geo Lat: 33.306345
Geo Lon: -111.833986
Status Change Info
Status Change Date: 2023-12-30
Off Market Date: 2023-12-15
Under Contract Date: 2023-12-13
Close of Escrow Date: 2023-12-29
Sold Price: $860,000
Legal Info
Township: 1S
Range: 5E
Section: 27
Lot Number: 25
Income & Expenses
Annual Ins Exp: 850
Owner Association: No
Annual Rplcmnt Rsrvs: 2000
Gross Annual Sch Inc: 73800
Vacancy Allowance: 0.12
Adjusted Gross Inc: 64575
Net Operating Income: 61775
Pmt & Rate Info
Cap Rate: 6.5
Equity: 950000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Retail PAD; Office; Retail
Stories: 1 Story
Construction: Block; Stucco; Frame - Wood
Roofing: Built-Up
Floors: Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Natural Gas
Cooling: Central A/C; Office A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Private Restrooms
Exterior: Corner Lot; Pole Sign
Fencing: Block; Partial
Amenities: Reception Room; Showroom; Kitchen
Parking: Free; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
Showing Notification Methods: Text; Phone Call
Lockbox Type: Supra (ARMLS)
Source of Fincl Data: Provided by Owner
Roads/Streets: Asphalt
Traffic Count: 25,001 to 35,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Supplements
This parcel's excellent location enhances its value & presents significant potential for high foot traffic & visibility. What are you waiting for? Act now!
Listing Office: Realty ONE Group
Last Updated: December - 30 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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