$380,000
Phoenix, AZ 85042
MLS# 6181695
Status: Closed
1 / 6
Property Description
Great opportunity to own commercial space with Central Avenue frontage! Currently being used as the infamous Gino's Pizza in South Phoenix, this property is zoned C-2 (commercial) for a multitude of possibilities. Keep the current use of a food service establishment or take advantage of other user types such as retail sales or business services. This space offers the ability to utilize the entire 2000 square feet as a whole or split it into two separate spaces for possible income opportunities. This portion of Central is the future site of the South Central Light Rail Extension. Bring your business or invest in this growing and developing community!
Details
Maps
Contract Info
Current Price: $380,000
Sold Price: $380,000
Status: Closed
List Date: 2021-01-14
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: R34
House Number: 6420
Compass: S
Street Name: Central
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85042
Zip4: 4239
Country: USA
County Code: Maricopa
Legal Description (Abbrev): BEG AT A PT WH BEARS E 120F & N 30F FR SW COR NE4 NE4 SE4 NW4 TH N 50F ALG E LN 20F ALLEY TH E 209F
Assessor's Map #: 6
Assessor's Parcel #: 50
Add'l Parcels: No
Assessor Number: 114-06-050
Legal: BEG AT A PT WH BEARS E 120F & N 30F FR SW COR NE4 NE4 SE4 NW4 TH N 50F ALG E LN 20F ALLEY TH E 209F M/L TO E LN NE4 NE4
Tax Municipality: Phoenix
Taxes: 3081
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 2000
Ttl Apx Net Rnt Spc: 2000
# of Buildings: 1
Lot Size Dimensions: Approx 51ft X 167ft
Year Built: 1959
Uncvrd Parking Spcs: 30
Zoning: C2
Remarks & Misc
Cross Street: Central Ave. and Southern Ave.
Directions: South on Central Ave to property. Property is on the NE corner of Central and St. Catherine.
Geo Lat: 33.387839
Geo Lon: -112.073717
Status Change Info
Status Change Date: 2022-02-02
Off Market Date: 2021-11-30
Under Contract Date: 2021-10-02
Close of Escrow Date: 2022-02-01
Sold Price: $380,000
Legal Info
Township: 1N
Range: 3E
Section: 32
Income & Expenses
Owner Association: No
Operating Exp: 3081
Pmt & Rate Info
Equity: 380000
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Restaurant; Food Service; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Other (See Remarks)
Floors: Concrete
Ceiling Height: 8 Feet or Less; 10.1 Feet to 12 Feet
Heating: Natural Gas
Cooling: Office Evap
Loading Facilities: None
Interior: Finished
Exterior: Corner Lot
Fencing: None
Parking: Free; Private Parking
Electric: SRP
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
Showing Notification Methods: Phone Call
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; Dedicated Street; Sidewalk(s)
Reports/Disclosures: None
Environmental: None
Listing Office: RE/MAX Desert Showcase
Last Updated: September - 13 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.