1024 E BROADWAY Road, Tempe, AZ 85282

$580,000
Property Type: Comm/Industry Sale Square Footage: 3,185 Lot Size (sq. ft.): 18,800 Status: Closed
Current Price: $580,000 List Date: 7/16/2018 Last Modified: 8/06/2021

Overview

Description

** HIGHEST AND BEST OFFERS DUE IN 08/15/2018 BY 5:00 PM ** R.O.I. Properties is pleased to present, for sale, a ±3,184 sf bar/restaurant in Tempe. Located one mile South of the ASU Tempe Campus, on Broadway Rd just East of Rural Rd. Property features full kitchen with walk-in cooler, large dining area, great outdoor dining patio, private restrooms, and lots of parking! -94 feet of frontage on Broadway Rd -Population of 155,389 within 3 mile radius -1 mile from ASU Campus -Approximately 45,442 vehicles per day pass in front of the property

Listing Details MLS# 5794252

Location, Tax & Legal

Map Code/Grid
R37
House Number
1024
Compass
E
Street Name
BROADWAY
St Suffix
Road
City/Town Code
Tempe
State/Province
AZ
Zip Code
85282
Zip4
1519
Country
US
County Code
Maricopa
Subdivision
BROADWAY SQUARE
Assessor Number
133-11-013-C
Tax Year
2017
Assessor's Map #
11
Legal Description (Abbrev)
BROADWAY SQUARE TR G E 94F OF S 200F AS MEAS ALG E LN BROADWAY SQUARE TR G E 9
Assessor's Parcel #
13
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
319104
Taxes
8138.78
Legal
BROADWAY SQUARE TR G E 94F OF S 200F AS MEAS ALG E LN BROADWAY SQUARE TR G E 9

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
3185
# of Buildings
Yes
Year Built
1971
Uncvrd Parking Spcs
55
Zoning
CSS

Remarks Misc

Cross Street
Broadway Rd. & Terrace Rd.
Directions
Located one mile South of ASU Tempe Campus, on Broadway Rd just East of S Rural Rd.

Status Change Info

Off Market Date
2018-08-20
Under Contract Date
2018-08-16
Close of Escrow Date
2018-09-28

Legal Info

Township
1N
Range
4E
Section
23
Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
Yes
Net Operating Income
Yes

Contact Info

List Agent Home Phn
602-319-1326

Sold Info

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

Construction

Brick
Yes
Other
Yes

Roofing

Tile
Yes
Other
Yes

Floors

Concrete
Yes
Ceramic Tile
Yes
Other
Yes

Income & Expenses

Annual Elec Exp
1
Annual Gas Exp
1
Annual Ins Exp
1
Annual Land Lse Exp
1
Annual Landscape Exp
1
Annual Legal & Acctg
1
Annual Maint Exp
1
Annual Mgmt Exp
1
Annual Trash Exp
1
Annual Wtr/Swr Exp
1
Owner Association
No
Annual Ownr Asoc Fee
1
Annual PAD Fee
1
Annual Rplcmnt Rsrvs
1
Annual Other Expense
1
Operating Exp
8152.78
Other Income
1
Vacancy Allowance
1
Adjusted Gross Inc
0

Building Type

Commercial
Yes

Business Type

Restaurant
Yes
Retail
Yes
Bar/Tavern/Lounge
Yes
Other
Yes
See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Down Payment
1
Equity
575000
Total Owed
0
Assessment Balance
1
Assessment Bal Yrs
Yes

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Other
Yes
See Remarks
Yes

Cooling

Central Air
Yes
Other
Yes
See Remarks
Yes

Interior Features

Finished
Yes
Other (See Remarks)
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Unknown
Yes
Other (See Remarks)
Yes

Traffic Count

35,001 to 50,000
Yes

Fencing

Partial
Yes
Other
Yes
See Remarks
Yes

Water Source

City Franchise
Yes
Other
Yes
See Remarks
Yes

Sewer

Other
Yes

Parking Features

Paved
Yes

Electric

APS
Yes
Other (See Remarks)
Yes

Gas

SW Gas
Yes
Other (See Remarks)
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

None
Yes
Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes
Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Commercial Business Type: Restaurant; Retail; Bar/Tavern/Lounge; Other; See Remarks Stories: 1 Story Construction: Brick; Other Roofing: Tile; Other Floors: Concrete; Ceramic Tile; Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Central Air; Other; See Remarks Loading Facilities: None Interior Features: Finished; Other (See Remarks) Fencing: Partial; Other; See Remarks Parking Features: Paved Electric: APS; Other (See Remarks) Gas: SW Gas; Other (See Remarks) Water Source: City Franchise; Other; See Remarks Sewer: Other New Financing: Other (See Remarks) Source of Fincl Data: Unknown; Other (See Remarks) Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 35,001 to 50,000 Environmental: None; Other (See Remarks)
IDX
Listing Office: R.O.I. Properties
Last Updated: August - 06 - 2021
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