$1,200,000
Mesa, AZ 85201
MLS# 6664204
1 / 17
Property Description
The subject is located in Mesa, AZ. Mesa is the largest suburb of the Phoenix Metro area with a 2020 population count of 504,258. It covers a total area of 136.34 square miles. Subject is located in the western portion of Mesa, a little over one mile north of Downtown Mesa, and 3 miles east of the 101 Freeway and the border of Tempe. Access to the 101, 202, and 60 Freeways is very good. The subject is along an arterial commercial route in an area with a mix of development; commercial, residential, and multi-family residential. Some permitted uses include: clinics, hotels/motels, offices, general retail, day care center, banks, bars/cubs/lounges.
Details
Maps
Contract Info
Current Price: $1,200,000
List Price: $1,200,000
Status: Active
List Date: 2024-02-15
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 727
Compass: N
Street Name: COUNTRY CLUB
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 4910
Country: USA
County Code: Maricopa
Legal Description (Abbrev): BEG AT PT 361.70' S OF NW COR W2 NW4 SW4 TH S 61.34' TH E 40 RDS M/L TO E LINE W2 NW4 SW4 TH N 61.
Assessor's Map #: 28
Assessor's Parcel #: 76
Add'l Parcels: No
Assessor Number: 137-28-076
Census Tract: 421001
Legal: BEG AT PT 361.70' S OF NW COR W2 NW4 SW4 TH S 61.34' TH E 40 RDS M/L TO E LINE W2 NW4 SW4 TH N 61.
Tax Municipality: Mesa
Tax District: mesa
Taxes: 6552.6
Tax Year: 2023
General Property Description
Type of Property: LC limited commercial
Ttl Apx SqFt Bldg: 6737
# of Buildings: 3
Lot Size Dimensions: 61.34 wide by 608 foot deep
Year Built: 1972
Uncvrd Parking Spcs: 8
Zoning: LC lim cmml
Flood Zone: TBD
Remarks & Misc
Cross Street: Baseline, Country Club
Directions: Country Club N of Baseline
Geo Lat: 33.428554
Geo Lon: -111.838789
Status Change Info
Status Change Date: 2024-02-15
Legal Info
Township: 1N
Range: 5E
Section: 15
Bay Info
# of Bays: 4
# of Bay Doors: 3
Income & Expenses
Annual Elec Exp: 7200
Annual Gas Exp: 3600
Annual Ins Exp: 3700
Annual Legal & Acctg: 750
Annual Maint Exp: 1020
Owner Association: No
Annual Rplcmnt Rsrvs: 1000
Operating Exp: 23822.6
Gross Annual Sch Inc: 350000
Adjusted Gross Inc: 350000
Net Operating Income: 332730
Pmt & Rate Info
Cap Rate: 27.73
1st Years Remaining: 17
1st Payment: 1656
Equity: 1200000
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Commercial
Current Use: Automobile
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Concrete; Vinyl; Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Natural Gas
Cooling: Office A/C; Warehouse Evap; None
Loading Facilities: Grade Level
Interior: Finished; Security System; Alarm System; Private Restrooms
Exterior: Storage Yard; Building Sign
Fencing: Block; Chain Link
Parking: Free
Electric: City Electric
Gas: City Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 2.1 - 5 Miles
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Roads/Streets: Asphalt
Reports/Disclosures: None
Environmental: None
Listing Office: Realty ONE Group
Last Updated: February - 15 - 2024
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