1009 S CENTRAL Avenue, Phoenix, AZ 85004

$2,500,000
Property Type: Comm/Industry Sale Square Footage: 1,278 Lot Size (sq. ft.): 7,040 Status: Closed
Current Price: $2,500,000 List Date: 12/21/2021 Last Modified: 2/16/2023

Overview

Description

BACK ON THE MARKET. Buyer did not perform. Being sold with adjacent parcels providing @ 1 acre of commercially zoned property. Light rail frontage.. Great location, high visibility and traffic count. Ideal location, less than .5 miles from Phoenix downtown district. Great opportunity for commercial.residential development. Lots only being sold in a bundle. Owner will only sale in a bundle (Lots 112-25-084,086,088,090,092,094)

Listing Details MLS# 6333976

Location, Tax & Legal

Map Code/Grid
Q34
House Number
1009
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
112-25-088
Tax Year
2011
Assessor's Map #
25
Legal Description (Abbrev)
LOT 5 BLOCK 7 CENTRAL PARK PLACE
Assessor's Parcel #
88
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Census Tract
114200
Taxes
440
Legal
LOT 5 BLOCK 7 CENTRAL PARK PLACE

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Commercial
Ttl Apx SqFt Bldg
1278
# of Buildings
Yes
Year Built
1920
Zoning
C-3
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Central & Buckeye
Directions
North of Buckeye/east side of Central

Status Change Info

Off Market Date
2021-12-20
Under Contract Date
2021-12-20
Close of Escrow Date
2022-01-07

Legal Info

Township
1N
Range
3E
Section
8
Lot Number
5

More Information

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

Brick
Yes

Roofing

Composition
Yes

Floors

Wood
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
440
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes

Business Type

Other
Yes
See Remarks
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

Electric
Yes
Natural Gas
Yes

Cooling

None
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

None
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Chain Link
Yes
Partial
Yes

Water Source

City Franchise
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Sewer

Sewer - Public
Yes

Railroad

Railroad 1 - 5 Miles
Yes

Parking Features

None
Yes

Electric

City Electric
Yes

Gas

City Gas
Yes

New Financing

Cash Only
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: Other; See Remarks Stories: 1 Story Construction: Brick Roofing: Composition Floors: Wood Ceiling Height: 8 Feet or Less Heating: Natural Gas Cooling: None Loading Facilities: None Interior Features: Other (See Remarks) Fencing: Chain Link; Partial Parking Features: None Electric: City Electric Gas: City Gas Water Source: City Franchise Sewer: Sewer - Public Railroad: Railroad 1 - 5 Miles New Financing: Cash Only; Lease Option Showing Notification Methods: Phone Call Lockbox Type: None Special: Economic Redvlpmnt; Enterprise Zone Source of Fincl Data: Other (See Remarks) 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: February - 16 - 2023
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