$185,000
598 N BROAD Street
Globe, AZ 85501
MLS# 5983133
Status: Closed



Exterior of both buildings 576 & 598 N. Broad (Side by Side).
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Property Description
Awesome opportunity to own a bar and a restaurant w/apartments upstairs, there are 12 doors. These units need remodeling and have been vacant for many years. At one time the upstairs was a brothel. Globe is located in the heart of Arizona's magnificent Tonto National Forest and is surrounded by some of the most spectacular mountain vistas in the Southwest. These buildings are also in the heart of Globes National Historic District. The bar was running up until recently and the restaurant has been vacant for some time. You are buying a total of 4 parcels. Bar, Restaurant & 2 land parcels. Seller may carry.

Details
Maps
Contract Info
Current Price: $80,000
Sold Price: $80,000
Status: Closed
List Date: 2019-09-25
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C71
House Number: 598
Compass: N
Street Name: BROAD
St Suffix: Street
City/Town Code: Globe
State/Province: AZ
Zip Code: 85501
Zip4: 2510
Country: USA
County Code: Gila
Legal Description (Abbrev): LOT 3G BLOCK 88 GLOBE TOWNSITE
Subdivision: GLOBE TOWNSITE
Assessor's Map #: 3
Assessor's Parcel #: 261
Add'l Parcels: Yes
Assessor Number: 208-03-261
Census Tract: 1100
Legal: LOT 3G BLOCK 88 GLOBE TOWNSITE
Tax Municipality: Gila - COUNTY
Taxes: 903
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 4829
# of Buildings: 2
Year Built: 1929
Uncvrd Parking Spcs: 10
Zoning: Commercial
Remarks & Misc
Cross Street: Broad Street & Highway 60
Directions: US 60 to Globe until you get to Broad St and then take a left and building will be on your right.
Geo Lat: 33.399889
Geo Lon: -110.789616
Status Change Info
Status Change Date: 2020-08-01
Off Market Date: 2020-08-01
Under Contract Date: 2020-04-01
Close of Escrow Date: 2020-07-31
Sold Price: $80,000
Legal Info
Township: 01N
Range: 15E
Section: 25
Lot Number: 3G
Income & Expenses
Owner Association: No
Operating Exp: 903
Pmt & Rate Info
Down Payment: 175000
Equity: 299000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Mixed Use; Service Business; Restaurant; Office; Bar; Other; See Remarks
Stories: Other (See Remarks)
Construction: Block
Roofing: Metal
Floors: Concrete; Wood; Carpet
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Natural Gas
Cooling: Other; See Remarks
Loading Facilities: None
Interior: Finished; Security System; Alarm System; Private Restrooms; Public Restrooms
Exterior: Corner Lot; Storage Yard; Building Sign
Fencing: Chain Link
Amenities: Basement; Kitchen; Display Window(s)
Parking: Free; Public Parking; Private Parking; Other (See Remarks)
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Owner Wants: Cash Only; Cash to Loan; Owner May Carry; 1031 Exchange; Other (See Remarks)
Lockbox Type: None
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
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; Sidewalk(s)
Traffic Count: Unknown
Reports/Disclosures: None
Use Restrictions: Designated Flood Pln
Environmental: None

Listing Office: Better Homes & Gardens Real Estate SJ Fowler

Last Updated: August - 06 - 2021

598 N BROAD Street, Globe, AZ 85501 - MLS# 5983133
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