1001 S CENTRAL Avenue, Phoenix, AZ 85004

$3,500,000
Property Type: Comm/Industry Sale Square Footage: 3,044 Lot Size (sq. ft.): 37,075 Status: Closed
Current Price: $3,500,000 List Date: 2/05/2020 Last Modified: 9/27/2022

Overview

Description

BACK ON MARKET. Buyer did not perform. Property is being sold in a bundle with adjacent properties. FRONTS ON THE LIGHT RAIL SYSTEM. Block consist of 112-25-084, 112-25-086, 112-25-088, 112-25--090, & 112-25-092.consisting of @ 1 acre of commercial land on the east side of Central Ave., Approx. .5 miles from downtown Phoenix. Ideal location for development for commercial/residential development.

Listing Details MLS# 6032752

Location, Tax & Legal

Map Code/Grid
Q34
House Number
1001
Compass
S
Street Name
CENTRAL
St Suffix
Avenue
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85004
Zip4
2733
Country
US
County Code
Maricopa
Subdivision
CENTRAL PARK PLACE
Assessor Number
112-25-084
Tax Year
2011
Assessor's Map #
25
Legal Description (Abbrev)
LOT 1 BLOCK 7 CENTRAL PARK PLACE
Assessor's Parcel #
84
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Census Tract
114200
Taxes
4190
Legal
LOT 1 BLOCK 7 CENTRAL PARK PLACE

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Commercial
Ttl Apx SqFt Bldg
3044
# of Buildings
Yes
Year Built
1926
Zoning
C-3
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Central & Tonto
Directions
Buckeye north on Central Ave. On east side. SEC of Central and Tonto.

Status Change Info

Off Market Date
2021-11-03
Under Contract Date
2021-08-25
Close of Escrow Date
2021-11-01

Legal Info

Township
1N
Range
3E
Section
8
Lot Number
Yes

More Information

Contact Info

List Agent Home Phn
623-221-3402

Sold Info

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

Construction

Other
Yes

Roofing

Other
Yes

Floors

Concrete
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
4190
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes

Business Type

Retail
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Down Payment
0
Equity
2500000
Total Owed
0
Assessment Balance
0

Showing Notification Methods

Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

8 Feet or Less
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Other
Yes
See Remarks
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

None
Yes

Road Access Type

Alley
Yes
Dedicated Street
Yes

Exterior

Corner Lot
Yes
Curb(s) & Gutter(s)
Yes
Building Sign
Yes
Sidewalk(s)
Yes

Source of Fincl Data

Unknown
Yes

Fencing

None
Yes

Water Source

None
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Building Features

Other (See Remarks)
Yes

Sewer

Sewer - Public
Yes

Railroad

Railroad 1 - 5 Miles
Yes

Parking Features

None
Yes

Electric

City Electric
Yes

Gas

SW Gas
Yes

New Financing

Owner May Carry
Yes
Lease Option
Yes

Special

Economic Redvlpmnt
Yes
Enterprise Zone
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Other Roofing: Other Floors: Concrete Ceiling Height: 8 Feet or Less Heating: Other; See Remarks Cooling: Other; See Remarks Loading Facilities: None Interior Features: Other (See Remarks) Exterior: Corner Lot; Curb(s) & Gutter(s); Building Sign; Sidewalk(s) Fencing: None Building Features: Other (See Remarks) Parking Features: None Road Access Type: Alley; Dedicated Street Electric: City Electric Gas: SW Gas Water Source: None Sewer: Sewer - Public Railroad: Railroad 1 - 5 Miles New Financing: Owner May Carry; Lease Option Showing Notification Methods: Phone Call Lockbox Type: None Special: Economic Redvlpmnt; Enterprise Zone Source of Fincl Data: Unknown Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Environmental: None
IDX
Listing Office: Distinctive Real Estate Ventur
Last Updated: September - 27 - 2022
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