$750,000
Phoenix, AZ 85014
MLS# 6241672
Status: Closed
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Property Description
Rare single-tenant freestanding boutique commercial building in highly sought after North Central Phoenix corridor. Ideal for an owner/user, investor, or developer. The property has 14 marked parking spaces and approximately 1,000 square feet of paver stone patio area. The one-level structure is currently configured as an educational facility with private offices, classrooms, meeting and multi-purpose rooms, and an outdoor masonry block and grassy courtyard area.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $750,000
Sold Price: $750,000
Status: Closed
List Date: 2021-05-26
Location, Tax & Legal
Assessor's Map #: 5
Assessor's Parcel #: 41
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 106501
Taxes: 6312
Legal: E ORANGEWOOD W 100' OF E 221.10' OF N2 S2 EX N 25' RD LOT 23
Marketing Name: 715 E Sierra Vista Dr
Map Code/Grid: N34
House Number: 715
Compass: E
Street Name: SIERRA VISTA
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85014
Zip4: 1260
County Code: Maricopa
Subdivision: EAST ORANGEWOOD LOT 23
Assessor Number: 161-05-041
Tax Year: 2020
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 3579
# of Buildings: 1
Uncvrd Parking Spcs: 14
Lot Size Dimensions: 131X100.1
Flood Zone: TBD
Year Built: 1955
Zoning: C-2
Legal Info
Range: 3E
Section: 9
Township: 2N
Lot Number: 23
Construction
Other: 1
Roofing
Foam: 1
Floors
Vinyl: 1
Carpet: 1
Other: 1
Income & Expenses
Annual Elec Exp: 5169
Annual Ins Exp: 1500
Annual Mgmt Exp: 3757
Annual Wtr/Swr Exp: 5820
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 22558
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 75138
Building Type
Commercial: 1
Office: 1
Business Type
Religious Facility: 1
Professional/Office: 1
Other: 1
See Remarks: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 800000
Total Owed: 0
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Heat Pump: 1
Loading Facilities
None: 1
Exterior
Storage Yard: 1
Building Sign: 1
Source of Fincl Data
Other (See Remarks): 1
Traffic Count
35,001 to 50,000: 1
Fencing
Block: 1
Water Source
CAP: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Private: 1
Electric
APS: 1
Gas
None: 1
New Financing
Other (See Remarks): 1
Special
Accepting Back-Ups: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: North 7th Street & Sierra Vista Dr
Directions: South East Corner Of East Sierra Vista Dr & North 7th Street.
Geo Lat: 33.531748
Geo Lon: -112.064427
Status Change Info
Off Market Date: 2022-02-13
Under Contract Date: 2022-02-13
Close of Escrow Date: 2022-06-30
Sold Price: $750,000
Income Expenses
Gross Annual Sch Inc: 75138
Property Features
Building Type: Commercial; Office
Business Type: Religious Facility; Professional/Office; Other; See Remarks
Stories: 1 Story
Construction: Other
Roofing: Foam
Floors: Vinyl; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air; Heat Pump
Loading Facilities: None
Exterior: Storage Yard; Building Sign
Fencing: Block
Parking Features: Free; Private
Electric: APS
Gas: None
Water Source: CAP
Sewer: Sewer - Public
New Financing: Other (See Remarks)
Lockbox Type: None
Special: Accepting Back-Ups
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Traffic Count: 35,001 to 50,000
Environmental: None
Supplements
Buildings like this rarely trade in this corridor, making it a unique opportunityminutes from Sky Harbor International Airport, Downtown Phoenix, and major highways. Rental comparables range from $15.57-$27.00 full-service price per foot. Utilizing $21.00 afoot, the annual revenue could be somewhere around $75,138
Listing Office: E & G Real Estate Services
Last Updated: July - 01 - 2022
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