$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
Current Price: $750,000
Sold Price: $750,000
Status: Closed
List Date: 2021-05-26
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
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
Country: USA
County Code: Maricopa
Subdivision: EAST ORANGEWOOD LOT 23
Assessor's Map #: 5
Assessor's Parcel #: 41
Add'l Parcels: No
Assessor Number: 161-05-041
Census Tract: 106501
Legal: E ORANGEWOOD W 100' OF E 221.10' OF N2 S2 EX N 25' RD LOT 23
Tax Municipality: Phoenix
Taxes: 6312
Tax Year: 2020
Marketing Name: 715 E Sierra Vista Dr
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 3579
# of Buildings: 1
Lot Size Dimensions: 131X100.1
Year Built: 1955
Uncvrd Parking Spcs: 14
Zoning: C-2
Flood Zone: TBD
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
Status Change Date: 2022-07-01
Off Market Date: 2022-02-13
Under Contract Date: 2022-02-13
Close of Escrow Date: 2022-06-30
Sold Price: $750,000
Legal Info
Township: 2N
Range: 3E
Section: 9
Lot Number: 23
Income & Expenses
Annual Elec Exp: 5169
Annual Ins Exp: 1500
Annual Mgmt Exp: 3757
Annual Wtr/Swr Exp: 5820
Owner Association: No
Operating Exp: 22558
Gross Annual Sch Inc: 75138
Adjusted Gross Inc: 75138
Pmt & Rate Info
Equity: 800000
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office
Current Use: Religious Facility; Office; Other; See Remarks
Stories: 1 Story
Construction: Other (See Remarks)
Roofing: Foam
Floors: Vinyl; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central A/C; Heat Pump
Loading Facilities: None
Interior: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Private Restrooms
Exterior: Storage Yard; Building Sign
Fencing: Block
Amenities: Conference Room; Reception Room; Kitchen; Security Gate
Parking: Free; Private Parking
Electric: APS
Gas: None
Water: CAP
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Lockbox Type: None
Special: Accepting Back-Ups
Source of Fincl Data: Other (See Remarks)
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
Roads/Streets: Concrete
Traffic Count: 35,001 to 50,000
Reports/Disclosures: Seller Prop Disc Stm
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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