$690,000
Phoenix, AZ 85020
MLS# 6398048
Status: Closed
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Property Description
Excellent opportunity to own a move-in ready commercial building in the heart of Phoenix. Built for auto service, has 4 bays, an oil separator and sprinkler system. Currently occupied with successful high volume auto repair service. Built in 2009 and well maintained. Nestled at the base of North Mountain.
Details
Maps
Contract Info
Current Price: $690,000
Sold Price: $690,000
Status: Closed
List Date: 2022-05-11
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M34
House Number: 7
Compass: E
Street Name: HATCHER
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2419
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 3 BLOCK D MCEWEN TRACT MCR 003007
Subdivision: MCEWEN TRACT
Assessor's Map #: 47
Assessor's Parcel #: 47
Add'l Parcels: No
Assessor Number: 159-47-047
Census Tract: 104600
Legal: LOT 3 BLOCK D MCEWEN TRACT MCR 003007
Tax Municipality: Phoenix
Taxes: 5178
Tax Year: 2021
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 2727
# of Buildings: 1
Lot Size Dimensions: 75x135
Year Built: 2009
Volts/Amps: Single Phase
Uncvrd Parking Spcs: 9
Zoning: C-2
Flood Zone: No
Remarks & Misc
Cross Street: Central and Hatcher
Directions: From Central and Dunlap go North 1/4 a mile to Hatcher and turn right and it's the second building on the right, gray building with red trim.
Geo Lat: 33.571101
Geo Lon: -112.073342
Status Change Info
Status Change Date: 2022-10-16
Off Market Date: 2022-10-16
Under Contract Date: 2022-08-25
Close of Escrow Date: 2022-10-15
Sold Price: $690,000
Legal Info
Township: 3N
Range: 3E
Section: 29
Lot Number: 3
Bay Info
# of Bays: 4
# of Bay Doors: 2
Bay Door Height: 12
Bay Door Width: 24
Bay Size: 14
Income & Expenses
Annual Elec Exp: 3000
Annual Ins Exp: 2400
Annual Landscape Exp: 400
Annual Maint Exp: 200
Annual Trash Exp: 1200
Annual Wtr/Swr Exp: 720
Owner Association: No
Operating Exp: 13098
Gross Annual Sch Inc: 24000
Adjusted Gross Inc: 24000
Net Operating Income: 20000
Pmt & Rate Info
Cap Rate: 2.88
1st Payment Freq: None
2nd Payment Freq: None
3rd Payment Freq: None
Equity: 695000
Avg Rent P/SqFt: 1.25
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: Service Business; Automobile
Stories: 1 Story
Construction: Stucco; Metal; Ducts Professionally Air-Sealed
Roofing: Metal
Floors: Concrete; Ceramic Tile
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Office Heated
Cooling: Office A/C; Warehouse Evap
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Phone System; Private Restrooms
Exterior: Sprinkler Sys-Ground; Landscaping; Security Light(s); Security Camera(s)
Fencing: None
Parking: Paved Parking
Electric: APS; 220
Gas: None
Water: Individual Meter
Sewer: Sewer - Public; Sewer-In & Connected
Freeway/Highway: 2.1 - 5 Miles
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Special: Owner/Agent
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: 5,001 to 15,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: HomeSmart
Last Updated: February - 16 - 2023
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