$4,000,000
524 W UNIVERSITY Drive
Tempe, AZ 85281
MLS# 6200202
2805 sqft


524 W UNIVERSITY Drive, Tempe, AZ 85281
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Property Description
LOCATION!LOCATION!LOCATION! EZ FRWY ACCESS.ASU WALKING DISTANCE.POTENTIAL HIGHRISE.OWN LAND WITH AMPLE PKG SPACE.CURRENTLY A FINE CHINESE DINING RESTAURANT IN OPERATION OVER 20+YEARS.APPROX.2800SF USABLE ONE STORY BLDG.BUSINESS;GOODWILL;FIXTURES INCL'D IN PRICE.PERSONAL BELONGINGS & INVENTORIES SEP.SALE. AS IS CONDITION AND CASH ONLY WILL BE CONSIDERED.CALL4PRIVATE OFF HOUR TOUR ONLY. DO NOT DISTURB.SHOW &SELL.OWNER MOTIVATED.

Details
Maps
Contract Info
Current Price: $4,000,000
List Price: $4,000,000
Status: Active
List Date: 2021-02-27
Ownership: Fee Simple
Location, Tax & Legal
Map Code/Grid: R36
House Number: 524
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5545
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TRACT 12 STATE PLAT 4 PT LOT 1 & 2 DAF S 226.5' OF TH E 15' LOT 1 & ALL OF TH S 226.5' LOT 2 EX
Subdivision: STATE PLAT NO 12 AMD
Assessor's Map #: 33
Assessor's Parcel #: 72
Assessor Parcel Ltr: A
Add'l Parcels: No
Assessor Number: 124-33-072-A
Census Tract: 318800
Legal: TRACT 12 STATE PLAT 4 PT LOT 1 & 2 DAF S 226.5' OF TH E 15' LOT 1 & ALL OF TH S 226.5' LOT 2 EX
Tax Municipality: Tempe
Tax District: TEMPE
Taxes: 14215
Tax Year: 2020
Marketing Name: FREE STANDING BUILDING
General Property Description
Type of Property: COMMERCIAL ZONED C-1
Approx SQFT: 2805
# of Buildings: 1
Lot Size Dimensions: .54 ACRE
Year Built: 1990
Uncvrd Parking Spcs: 34
Zoning: C-1
Flood Zone: No
Remarks & Misc
Cross Street: UNIVERSITY & HARDY
Directions: WEST OF MILL AVENUE AFTER RAIL ROAD TRACK ON NORTH SIDE OF UNIVERSITY JUST BEFORE ROSEVELT-FREE STANDING BUILDING- A RARE FIND IN TEMPE.NO HOA.
Geo Lat: 33.422342
Geo Lon: -111.946609
Status Change Info
Status Change Date: 2021-02-27
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 1
Income & Expenses
Owner Association: No
Operating Exp: 14215
Pmt & Rate Info
Down Payment: 4000000
1st Encumbrance: 90000
Total Owed: 90000
Equity: 3910000
Contact Info
List Agent Home Phn: 480-926-3005
Property Features
Building Type: Commercial
Current Use: Service Business; Restaurant; Fast Food; Retail; Food Service; Bar
Stories: 1 Story
Construction: Block
Roofing: Comp Shingle
Floors: Ceramic Tile
Ceiling Height: 8 Feet or Less
Heating: Gas; Electric
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Smoke Detector(s); Public Restrooms
Exterior: Sprinkler Sys-Ground; Building Sign; Monument Sign
Fencing: Block
Amenities: Kitchen
Parking: Private Parking; Paved Parking
Electric: APS; 3 Phase Power
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
Railroad: Railroad 1 - 5 Miles
Owner Wants: Cash Only
Source of Fincl Data: Provided by Owner
Existing 1st Loan: SBA
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Non Assumable; Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Sidewalk(s)
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None

Listing Office: FDR Real Estate

Last Updated: March - 11 - 2021

524 W UNIVERSITY Drive, Tempe, AZ 85281 - MLS# 6200202

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