0000 E XXXXXXXXX Avenue, Tempe, AZ 85283

$650,000

Property Type: Business Opportunity Square Footage: 1,200 Status: Closed

Current Price: $650,000 Last Modified: 3/02/2025

Overview

Description

Try and find a store with prove-able $300,000 annual net profit and a lease of only $2500 per month for 1600 sq.ft. and $150,000 in inventory included in the price and you wont find it until now especially an absentee-run store. Seller has years worth of records and confident by the numbers and willing to carry the inventory and some of the price. Producing around $150,000 in gross sales monthly as well as a take home of $25,000+ per month and at this price it will be gone quick. The shop also boasts all the shelving and showcases you will need as well as a humidifier room for cigars. The lease is spectacular as well at only $2500 per month. Currently has three employees in place that runs the store to perfection and can be ran absentee or semi-absentee its up to you.

Listing Details MLS# 6136840

Location

Map Code/Grid: L31
House Number: 0000
Compass: E
Street Name: XXXXXXXXX
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85283
Country: US
County Code: Maricopa
Assessor Number: 000-00-000

General Property Description

Ttl Apx SqFt Bldg: 1200
Uncvrd Parking Spcs: 10

Status Change Info

Off Market Date: 2021-01-13
Under Contract Date: 2020-12-28
Close of Escrow Date: 2021-02-04

Income Expenses

Net Operating Income: 300000

More Information

Contact Info

List Agent Home Phn: 623-236-0836

Sold Info

Loan Type: Other
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

Property Features

Business Type: Retail Form of Ownership: Other - See Remarks Sale Price Includes: Goodwill; Equipment; Inventory; Lease Value Lease Information: Other - See Remarks Hours of Operation: Other - See Remarks Type of Lease: Other - See Remarks Business Age: 5 - 10 Years Current Ownership: 5 - 10 Years Expenses Include: See Remarks Source of Fincl Data: Owner Parking Features: Other Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: See Remarks Sewer: Other Heating: Other; See Remarks Cooling: Other; See Remarks Lockbox Type: None Current Financing 1: See Remarks Current Financing 2: See Remarks Current Financing 3: See Remarks New Financing: Cash; Owner May Carry Environmental: Other (See Remarks)

Listing Office: American Realty Brokers

Office Phone: 602-955-6606

Last Updated: March - 02 - 2025