107 E BROADWAY Road, Tempe, AZ 85282
$1,250,000
Property Type:
Comm/Industry Sale
Square Footage:
5,817
Lot Size (sq. ft.):
40,086
Status:
Closed
Current Price:
$1,250,000
List Date:
5/18/2022
Last Modified:
8/10/2022
Description
Great Tempe location, two miles south of Arizona State University's main campus. Street frontage. Owner/User or Development Opportunity. Two freestanding commercial buildings plus an olympic size pool (could be filled/paved). Building 1, currently used as a bar. Kitchen with walk-in refrigerator (no hood). Building 2, currently used as an office (900SF with 3 offices, 1 bathroom and kitchenette). Several use possibilities - restaurant, bar, office, retail, religious facility, rehab facility, swim school, scuba store, day care...Owner open to seller carry back financing. Owner is resurfacing the parking lot, 25 spaces.
More Information MLS# 6401972
Contract Info
Ownership: Fee Simple
Current Price: $1,250,000
Sold Price: $1,250,000
Status: Closed
List Date: 2022-05-18
Location, Tax & Legal
Assessor's Map #: 23
Legal Description (Abbrev): TEMPE ACRES LOT 7 EX N 7' RD
Assessor's Parcel #: 22
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319600
Taxes: 16207
Legal: TEMPE ACRES LOT 7 EX N 7' RD
Map Code/Grid: R37
House Number: 107
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 1386
County Code: Maricopa
Assessor Number: 133-23-022
Tax Year: 2021
General Property Description
Type of Property: Retail
Ttl Apx SqFt Bldg: 5817
# of Buildings: 2
Uncvrd Parking Spcs: 25
Year Built: 1955
Zoning: C-1
Legal Info
Range: 4E
Section: 27
Township: 1N
Lot Number: 7
Construction
Block: 1
Roofing
Foam: 1
Floors
Concrete: 1
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: 16207
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Mixed: 1
Service Business: 1
Religious Facility: 1
Restaurant: 1
Professional/Office: 1
Retail: 1
Bar/Tavern/Lounge: 1
See Remarks: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 1400000
Total Owed: 0
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Heat Pump: 1
Cooling
Central Air: 1
Heat Pump: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Landscaping: 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Building Features
Kitchen: 1
Sewer
Sewer - Public: 1
Parking Features
Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Cash to Loan: 1
Owner May Carry: 1
1031 Exchange: 1
Lease Option: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-620-1453
Sold Info
Loan Type: Cash
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Mill and Broadway
Directions: On South side of Broadway, just East of Mill Avenue.
Geo Lat: 33.406816
Geo Lon: -111.938187
Status Change Info
Off Market Date: 2022-06-27
Under Contract Date: 2022-06-22
Close of Escrow Date: 2022-08-09
Sold Price: $1,250,000
Property Features
Building Type: Commercial
Business Type: Mixed; Service Business; Religious Facility; Restaurant; Professional/Office; Retail; Bar/Tavern/Lounge; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Concrete
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Central Air; Heat Pump
Loading Facilities: None
Interior Features: Finished
Exterior: Landscaping
Fencing: Block
Building Features: Kitchen
Parking Features: Paved
Electric: SRP
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan; Owner May Carry; 1031 Exchange; Lease Option
Lockbox Type: None
Source of Fincl Data: Owner
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
Road Surface Type: Asphalt
Traffic Count: Unknown
Use Restrictions: Other (See Remarks)
Environmental: None
Listing Office:
MCG Realty
Last Updated: August - 10 - 2022
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