$450,000
St Johns, AZ 85936
MLS# 6705247
Property Description
Built on the idea that good food should be fresh and wholesome, The Village Cafe, along with adjacent vacant business space is for sale. The adjacent vacant space would be perfect for expanding this successful restaurant. The town of friendly neighbors, St. Johns, is a hungry little town that has kept this restaurant profitable for years. Currently, the restaurant is only open for breakfast and lunch. The seller is willing to sell the building without all of the kitchen equipment for a $50K discount. The restaurant building is home to a two-bedroom one bath apartment behind it. Perfect for a restaurant owner/manager, or caretaker. Don't miss out on this opportunity to run your own business in a thriving and growing community. Additional parcel numbers: 007 & 008.
Details
Maps
Contract Info
Current Price: $450,000
List Price: $450,000
Status: Active
List Date: 2024-05-14
Ownership: Fee Simple
Subagents: Y
Sub Agent $/%: %
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 140
Street Name: Commercial
St Suffix: Street
City/Town Code: St Johns
State/Province: AZ
Zip Code: 85936
Country: USA
County Code: Apache
Legal Description (Abbrev): SUBDIVISION ST JOHNS TOWNSITE POR BLK 50 BLOCK 50 LOT 4 TRACT B PCL B 37' LOT 4 BLK 50 TOWNSHIP 13N
Subdivision: ST JOHNS TOWNSITE
Assessor's Map #: 38
Assessor's Parcel #: 6
Add'l Parcels: Yes
Assessor Number: 203-38-006
Census Tract: 970300
Legal: SUBDIVISION ST JOHNS TOWNSITE POR BLK 50 BLOCK 50 LOT 4 TRACT B PCL B 37' LOT 4 BLK 50 TOWNSHIP 13N
Tax Municipality: St Johns
Taxes: 114
Tax Year: 2023
Marketing Name: Village Cafe
General Property Description
Type of Property: Commercial Buildings
Ttl Apx SqFt Bldg: 4131
Ttl Apx Net Rnt Spc: 2532
# of Buildings: 2
Lot Size Dimensions: 49x77x42x80, 18x80, 22x81
Year Built: 1960
Zoning: C-1
Flood Zone: No
Remarks & Misc
Geo Lat: 34.505919
Geo Lon: -109.362183
Status Change Info
Status Change Date: 2024-05-14
Legal Info
Lot Number: 4
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 120000
Adjusted Gross Inc: 120000
Net Operating Income: 48000
Pmt & Rate Info
Cap Rate: 10.67
Equity: 450000
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Commercial
Current Use: Mixed Use; Restaurant; Other
Stories: 1 Story
Construction: Other (See Remarks)
Roofing: Metal
Floors: Concrete
Ceiling Height: 14.1 Feet to 16 Feet
Heating: See Remarks
Cooling: Window/Wall Unit
Loading Facilities: None
Interior: Finished; Unfinished; Private Restrooms; Public Restrooms
Exterior: Building Sign
Fencing: Chain Link
Amenities: Kitchen; Display Window(s)
Parking: Free; Public Parking; Paved Parking
Electric: Other (See Remarks)
Gas: None
Water: City Franchise
Sewer: Sewer - Public
New Financing: Cash to Loan; 1031 Exchange
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Unknown
Roads/Streets: Asphalt
Traffic Count: Unknown
Reports/Disclosures: None
Environmental: None
Listing Office: Landmark Homes, L.L.C.
Last Updated: May - 14 - 2024
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