$450,000
Scottsdale, AZ 85254
MLS# 6297397
Status: Closed
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Property Description
Sundown Plaza building built in 1974. Currently leased to a Pizza restaurant. Has interior and patio seating. Pole sign on site. Lease in place.
Details
Maps
Contract Info
Current Price: $450,000
Sold Price: $450,000
Status: Closed
List Date: 2021-09-22
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: M37
House Number: 7120
Compass: E
Street Name: BECKER
St Suffix: Lane
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85254
Zip4: 5210
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 83 SUNDOWN PLAZA MCR 006540
Subdivision: SUNDOWN PLAZA
Assessor's Map #: 42
Assessor's Parcel #: 70
Add'l Parcels: No
Assessor Number: 175-42-070
Census Tract: 216830
Legal: LOT 83 SUNDOWN PLAZA MCR 006540
Tax Municipality: Scottsdale
Taxes: 1961
Tax Year: 2021
General Property Description
Type of Property: Commercial Store Front
Ttl Apx SqFt Bldg: 875
# of Buildings: 1
Year Built: 1974
Zoning: Com
Remarks & Misc
Cross Street: Scottsdale Rd and Becker
Directions: Go north on Scottsdale Rd to Becker (just north of Shea) west to property.
Geo Lat: 33.583142
Geo Lon: -111.927321
Status Change Info
Status Change Date: 2022-05-23
Off Market Date: 2022-05-17
Under Contract Date: 2022-05-16
Close of Escrow Date: 2022-05-17
Sold Price: $450,000
Legal Info
Township: 3N
Range: 4E
Section: 22
Lot Number: 83
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 29800
Adjusted Gross Inc: 29800
Net Operating Income: 29800
Pmt & Rate Info
Cap Rate: 2.48
Equity: 1200000
Contact Info
List Agent Home Phn: 602-647-9151
Sold Info
Loan Type: Carryback
Loan Years: 1
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial
Current Use: Restaurant
Stories: 1 Story
Construction: Block
Roofing: Built-Up; Tile
Floors: Concrete
Ceiling Height: 8 Feet or Less
Heating: Heat Pump
Cooling: Central A/C
Loading Facilities: None
Interior: Finished
Exterior: Pole Sign
Fencing: Wood
Amenities: Kitchen
Parking: Public Parking
Electric: APS
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Dedicated Street
Traffic Count: Not Available
Reports/Disclosures: None
Environmental: None
Listing Office: Realty Executives
Last Updated: May - 23 - 2022
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Broker Attribution:
602-647-9151