$499,999
Miami, AZ 85539
MLS# 6620478
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Property Description
Exceptional Investment Opportunity: This multi-tenant building encompasses about 40,000 SF of interior space in Miami, Arizona, located at 501 Live Oak, historically known as The Santa Ana Building. Owner has surrounding parcels able to be included in a sale. This presents a remarkable opportunity, especially suitable for educational institutions, particularly those focusing on mining education, catering to the needs of mining students and international mining companies consistently searching for better educated talent as the mining trade continues to advance as populations rise and technological advances. Additional proposed uses include a grocery store in one of the retail suites on the building's main level—''a much-needed amenity in the Miami area,'' - Miami's Economic Develpmt Directo
Details
Maps
Contract Info
Current Price: $499,999
List Price: $499,999
Status: Active
List Date: 2023-10-20
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 501
Compass: W
Street Name: LIVE OAK
St Suffix: Street
City/Town Code: Miami
State/Province: AZ
Zip Code: 85539
Zip4: 1222
Country: USA
County Code: Gila
Legal Description (Abbrev): LOTS 501 503 505 507 & 509;TRIANGULAR PIECE ON REAR OF 501-503-505 KNOWN AS LOT 505A ALL IN BLOCK 21
Subdivision: MIAMI TOWNSITE
Assessor's Map #: 19
Assessor's Parcel #: 72
Add'l Parcels: Yes
Assessor Number: 206-19-072
Census Tract: 900
Legal: 15E MIAMI TWNS LOTS 501 503 505 507 & 509;TRIANGULAR PIECE ON REAR OF 501-503-505 KNOWN AS LOT 505A ALL IN BLK 21
Tax Municipality: Miami
Taxes: 7106
Tax Year: 2023
General Property Description
Type of Property: Warehouse; Retail
Ttl Apx SqFt Bldg: 39635
# of Buildings: 5
Lot Size Dimensions: IRR
Year Built: 1915
Uncvrd Parking Spcs: 10
Zoning: C-2
Remarks & Misc
Cross Street: Highway 60 (AKA Live Oak) to Adonis
Directions: Peach colored 3 story building (4 including basement) on SW corner is property.
Geo Lat: 33.398452
Geo Lon: -110.870169
Status Change Info
Status Change Date: 2023-10-20
Legal Info
Township: 01N
Range: 15E
Section: 30
Lot Number: 501
Income & Expenses
Owner Association: No
Operating Exp: 7106
Pmt & Rate Info
Equity: 619000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial; Industrial; Office; Manufacturing; Distribution/Warehse
Current Use: Mixed Use; Religious Facility; Mini-Storage; Office; Warehouse; Retail; Wholesale; Bar; Other; See Remarks
Stories: 3 - 4 Stories
Construction: Block; Metal; Frame - Wood; Brick
Roofing: Comp Shingle; Concrete; Rolled
Floors: Concrete; Wood; Carpet
Ceiling Height: 12.1 Feet to 14 Feet; 14.1 Feet to 16 Feet
Heating: Natural Gas; Office Heated
Cooling: Central A/C; Office A/C
Loading Facilities: Dock High; Grade Level
Interior: Unfinished; Private Restrooms; Public Restrooms
Exterior: Building Sign
Fencing: Chain Link
Amenities: Basement; Conference Room; Exercise Room; Reception Room; Showroom; Cafeteria; Kitchen; Showers - Office; Display Window(s)
Parking: Free; Public Parking; Paved Parking
Electric: APS
Gas: SW Gas
Water: Individual Meter
Sewer: Sewer - Private; Sewer-In & Connected
Freeway/Highway: Frontage
New Financing: Cash Only; 1031 Exchange
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
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: Gravel; Asphalt; Concrete
Traffic Count: 5,001 to 15,000; 15,001 to 25,000
Reports/Disclosures: Other (See Remarks)
Environmental: Phase I Available
Supplements
Previously, The Town of Miami has certified that these properties (601, 605, 523, 511, and 501 Live Oak) are eligible for the processing, growth, and retail of agricultural marijuana, in accordance with local codes and regulations. The property is set to receive numerous upgrades: new ceiling tiles, installation of six air conditioning units, a 3-phase transformer, and stylish new glass door fronts. Furthermore, office spaces will be enhanced with elegant glass partitions, all intended to be included with the property sale.
Investors can rest assured as the property has been thoroughly tested and cleared of asbestos, ensuring a safe and compliant environment. This offers a unique blend of commercial potential and educational synergy, making it an attractive investment in the heart of Miami, Arizona.
Listing Office: The Firm RE
Last Updated: March - 26 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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