1060 E MAIN Street, Mesa, AZ 85203 (MLS# 6604661)

1060 E MAIN Street, Mesa, AZ 85203

$625,000

Property Type: Comm/Industry Sale Square Footage: 7,710 Lot Size (sq. ft.): 25,821 Status: Closed

Current Price: $625,000 List Date: 9/13/2023 Last Modified: 1/16/2024

Description

Great location, access to light rail with public transportation nearby. Tremendous growth area with new urban retail/multi-family development within half mile. Fantastic opportunity for redevelopment or revitalize car wash with current income stream. Seller will carry note.

More Information MLS# 6604661

Contract Info

Ownership: Fee Simple Current Price: $625,000 Sold Price: $625,000 Status: Closed List Date: 2023-09-13

Location, Tax & Legal

Assessor's Map #: 19 Legal Description (Abbrev): LOT 38 BLOCK 3 STEWARTS EAST MESA ADD MCR 003310 Assessor's Parcel #: 104 Assessor Parcel Ltr: A Add'l Parcels: Yes Tax Municipality: Mesa Census Tract: 421502 Taxes: 7375 Legal: LOT 38 BLOCK 3 STEWARTS EAST MESA ADD MCR 003310 Marketing Name: Car Wash / Auto Mechanic House Number: 1060 Compass: E Street Name: MAIN St Suffix: Street City/Town Code: Mesa State/Province: AZ Zip Code: 85203 Zip4: 8852 County Code: Maricopa Subdivision: STEWARTS EAST MESA ADD Assessor Number: 138-19-104-A Tax Year: 2022

General Property Description

Type of Property: Car Wash Ttl Apx SqFt Bldg: 7710 # of Buildings: 2 Uncvrd Parking Spcs: 10 Year Built: 1964 Zoning: CG

Legal Info

Range: 5E Section: 23 Township: 1N Lot Number: 38

Construction

Block: 1

Roofing

Foam: 1

Floors

Concrete: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Other Income: 0 Vacancy Allowance: 0.05 Adjusted Gross Inc: 68400

Building Type

Commercial: 1

Business Type

Automobile: 1

Stories

1 Story: 1

Pmt & Rate Info

Cap Rate: 6.26 Equity: 1150000 Total Owed: 0

Lockbox Type

None: 1

Ceiling Height

10.1 Feet to 12 Feet: 1 12.1 Feet to 14 Feet: 1

Heating

Electric: 1

Cooling

Central Air: 1 Warehouse A/C: 1

Interior Features

Finished to Suit: 1 Fire Sprinklers: 1 Private Restrooms: 1 Public Restrooms: 1

Loading Facilities

Dock High: 1 Drive-in Door(s): 1

Source of Fincl Data

Owner: 1

Traffic Count

25,001 to 35,000: 1

Fencing

Partial: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Parking Lot: 1 Paved: 1

Electric

APS: 1

Gas

City Gas: 1

New Financing

Owner May Carry: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Sold Info

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

Remarks Misc

Cross Street: Main St & Stapley Dr. Directions: From Stapley Dr and Main St go West 1/2 block property located on the north side to Main St. Geo Lat: 33.415478 Geo Lon: -111.807698

Status Change Info

Off Market Date: 2024-01-16 Under Contract Date: 2024-01-01 Close of Escrow Date: 2024-01-02 Sold Price: $625,000

Income Expenses

Gross Annual Sch Inc: 72000 Net Operating Income: 72000

Property Features

Building Type: Commercial Business Type: Automobile Stories: 1 Story Construction: Block Roofing: Foam Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet Cooling: Central Air; Warehouse A/C Loading Facilities: Dock High; Drive-in Door(s) Interior Features: Finished to Suit; Fire Sprinklers; Private Restrooms; Public Restrooms Fencing: Partial Parking Features: Parking Lot; Paved Electric: APS Gas: City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Owner May Carry Lockbox Type: None Source of Fincl Data: Owner Traffic Count: 25,001 to 35,000 Environmental: None

Listing Office: Jason Mitchell Real Estate

Last Updated: January - 16 - 2024