11025 N BLACK CANYON Highway, Phoenix, AZ 85029 (MLS# 5305530)

11025 N BLACK CANYON Highway, Phoenix, AZ 85029

$1,260,000

Property Type: Comm/Industry Sale Square Footage: 9,214 Lot Size (sq. ft.): 65,340 Status: Closed

Current Price: $1,260,000 List Date: 7/10/2015 Last Modified: 11/26/2024

Overview

Description

This fully built out & nicely equipped 9,231 square foot restaurant space sits on 1.53 acres, with frontage road access and a monument sign both visible from the Black Canyon Freeway. The property is located in a corporate and hotel center, which is in desperate need of another restaurant. This stunning building offers a very nicely equipped (FF&E) restaurant/kitchen/bar space, large exterior patio, beautiful wood floors and stain glass features throughout, 4 walk-ins, large cook-top stove & grill and a large full bar - just to name a few. Secured/fenced yard for outdoor storage & deliveries along with abundant 99 space parking. The property was recently professionally steam-cleaned & is move in ready. It is available for sale or lease.

Listing Details MLS# 5305530

Location, Tax & Legal

Map Code/Grid: M33
House Number: 11025
Compass: N
Street Name: BLACK CANYON
St Suffix: Highway
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 4719
Country: US
County Code: Maricopa
Assessor Number: 149-07-062
Tax Year: 2014
Building Number: 11025
Assessor's Map #: 7
Assessor's Parcel #: 62
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104401
Taxes: 35035
Legal: TH PT METRO GROVE OFFICE PARK AMD & ALSO PT SW4 SEC 24 DAF COM NW COR SW4 SW4 SD SEC TH E 92.01F TO

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 9214
# of Buildings: Yes
Lot Size Dimensions: 1.53 acres
Year Built: 1985
Uncvrd Parking Spcs: 99
Zoning: Commercial

Remarks Misc

Cross Street: Black Canyon Hwy & Peoria
Directions: Exit Black Canyon Hwy at Peoria, North to property on frontage road

Status Change Info

Off Market Date: 2016-03-08
Under Contract Date: 2016-03-07
Close of Escrow Date: 2016-04-28

Legal Info

Township: 3N
Range: 2E
Section: 24
Lot Number: N/A

More Information

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Wood Frame: Yes

Roofing

Composition: Yes

Floors

Wood: Yes
Other: 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: 35035
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Restaurant: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Down Payment: 0
Equity: 1650000
Total Owed: 0
Assessment Balance: 0

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Security System: Yes
Alarm System: Yes
Private Restrooms: Yes
Public Restrooms: Yes

Loading Facilities

Grade Level: Yes

Road Surface Type

Asphalt: Yes

Exterior

Curb(s) & Gutter(s): Yes

Source of Fincl Data

Owner: Yes

Traffic Count

Over 200,000: Yes

Fencing

Wood: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Frontage: Yes
Access: Yes

Building Features

Kitchen: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes

Electric

APS: Yes

Gas

None: Yes

New Financing

Cash Only: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: 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

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: 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: Restaurant Stories: 1 Story Construction: Wood Frame Roofing: Composition Floors: Wood; Other Ceiling Height: 8.1 Feet to 10 Feet Cooling: Central Air Loading Facilities: Grade Level Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Alarm System; Private Restrooms; Public Restrooms Exterior: Curb(s) & Gutter(s) Fencing: Wood Building Features: Kitchen Parking Features: Parking Lot Electric: APS Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Treat as Free&Clear 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: Over 200,000 Environmental: None

Listing Office: Keller Williams Integrity First

Last Updated: November - 26 - 2024