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

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.

More Information MLS# 6136840

General Property Description

Ttl Apx SqFt Bldg: 1200 Uncvrd Parking Spcs: 10

Income & Expenses

Annual Gross Sales: 1800000 Owners Draw Included: No Annual Owners Salary: 0 Annual Mngr Salary: 0 Anl Int (Non-RelEst): 0 Annual Depreciation: 0 Annual Fringes: 0 Adjusted Net Income: 0 Apx Value of Cash: 0 Ap Val Frn,Fxt & Eqp: 65000 Apx Val Inventory: 150000

Business Type

Retail: 1

Pmt & Rate Info

Equity: 650000 Down Payment %: 0 Total Owed: 0

Lockbox Type

None: 1

Type of Lease

Other - See Remarks: 1

Form of Ownership

Other - See Remarks: 1

Sale Price Includes

Goodwill: 1 Equipment: 1 Inventory: 1 Lease Value: 1

Lease Information

Other - See Remarks: 1

Hours of Operation

Other - See Remarks: 1

Business Age

5 - 10 Years: 1

Heating

Other: 1 See Remarks: 1

Current Ownership

5 - 10 Years: 1

Cooling

Other: 1 See Remarks: 1

Expenses Include

See Remarks: 1

Business/Tenant Pays

Other: 1

Source of Fincl Data

Owner: 1

Water Source

See Remarks: 1

Sewer

Other: 1

Parking Features

Other: 1

Electric

Other (See Remarks): 1

Gas

Other (See Remarks): 1

New Financing

Cash: 1 Owner May Carry: 1

Current Financing 1

See Remarks: 1

Current Financing 2

See Remarks: 1

Current Financing 3

See Remarks: 1

Reports/Disclosures

Other (See Remarks): 1

Environmental

Other (See Remarks): 1

Contact Info

List Agent Home Phn: 623-236-0836

Sold Info

Loan Type: Other Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Contract Info

Current Price: $650,000 Sold Price: $650,000 Status: Closed List Date: 2020-09-24

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 County Code: Maricopa Assessor Number: 000-00-000

Remarks Misc

Geo Lat: 33.385778 Geo Lon: -111.933914

Status Change Info

Off Market Date: 2021-01-13 Under Contract Date: 2020-12-28 Close of Escrow Date: 2021-02-04 Sold Price: $650,000

Income Expenses

Net Operating Income: 300000

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
IDX
Last Updated: March - 02 - 2025
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