$1,395,000
MLS# 6547952
1 / 126
Property Description
GREAT CORNER LOT AND LOCATION CLOSE TO DOWNTOWN PHOENIX. CURRENTLY USE AS A DINER WITH A 50's THEME (Mon-Fri, 8am-2pm. Weekends Closed)... NEW OWNER(S) CAN CONTINUE WITH A NEW RESTAURANT OF THEIR CHOICE, PERHAPS TURN IT INTO A MEAT MARKET, REDEVELOP INTO A SMALL MIXED-USE-COMPLEX OR FOR OTHER USE... PLEASE DON'T DISTURB ANYONE AT THE RESTAURANT (THANK YOU). WE MAY VIEW BLDG AND LAND AFTER WORK HOURS... OWNER WILL CARRY 1st (50% LTV MAX) IF OFFER IS 1.3 MILLION AND ABOVE; @ 7% (& NO POINTS), AMORTIZED FOR 30-YRS AND DUE IN 5-YRS (NO QUALIFYING REQUIRED). SECONDLY THERE'S COMMERCIAL FINANCING AVAILABLE THROUGH A NON-CONVENTIONAL BANK (RATES WILL DEPEND ON YOUR CURRENT CREDIT AND OTHER REQUIREMENTS THAT THEY MAY ASK OF YOU).
Details
Contract Info
Current Price: $1,395,000
List Price: $1,395,000
Status: Active
List Date: 2023-04-24
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q33
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Country: USA
Subdivision: SELLWELL 1, 6
Assessor's Map #: 63
Assessor's Parcel #: 98
Add'l Parcels: No
Assessor Number: 109-63-098
Legal: Lots 1, 3 and 5 Block 15, SELLWELL, Book 29 of Maps, page 28.
Tax Municipality: Maricopa - COUNTY
Tax District: MAR
Taxes: 4600
Tax Year: 2022
Marketing Name: Commercial Bldig & Land
General Property Description
Type of Property: Commercial
Ttl Apx SqFt Bldg: 2550
# of Buildings: 1
Lot Size Dimensions: 145' X 127'
Year Built: 1960
Volts/Amps: Buyer to verify
Uncvrd Parking Spcs: 22
Zoning: C-3
Flood Zone: Yes
Remarks & Misc
Cross Street: W Tonto St & S 19th Ave (Southwest Corner)
Directions: From i17 hwy southbound exit Grant St turn left/east, on 19th Ave turn right/south, drive 4
blocks south and you will arrive on Tonto St & 19th Ave (listing on the southwest corner).
Status Change Info
Status Change Date: 2023-04-24
Legal Info
Township: 1N
Range: 2E
Section: 12
Lot Number: 1, 3, & 5
Cnty Rcrd Bk & Pg #: Bk 29 & pg 28
Income & Expenses
Owner Association: No
Operating Exp: 4600
Pmt & Rate Info
Equity: 1395000
Property Features
Building Type: Commercial
Current Use: Restaurant
Stories: 1 Story
Construction: Block; Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Concrete; Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Other; See Remarks
Loading Facilities: None
Interior: Other (See Remarks)
Exterior: Corner Lot; Other (See Remarks)
Fencing: Other; See Remarks
Amenities: Kitchen; Other (See Remarks)
Parking: Free; Paved Parking
Electric: City Electric; Other (See Remarks)
Gas: City Gas; Other (See Remarks)
Water: City Franchise; Other; See Remarks
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile; 1.1 - 2 Miles; 2.1 - 5 Miles; Over 5.1 Miles
Railroad: Other (See Remarks)
Lockbox Type: None
Source of Fincl Data: Provided by Owner; Unknown
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Roads/Streets: Asphalt
Traffic Count: Up to 5,000; 5,001 to 15,000; 15,001 to 25,000; 25,001 to 35,000
Reports/Disclosures: None
Environmental: None
Listing Office: West USA Realty
Last Updated: January - 23 - 2024
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