11607 E RIGGS Road, Chandler, AZ 85249 (MLS# 6611931)

11607 E RIGGS Road, Chandler, AZ 85249

$1,450,000

Property Type: Comm/Industry Sale Square Footage: 3,041 Lot Size (sq. ft.): 25,522 Status: Closed

Current Price: $1,450,000 List Date: 9/30/2023 Last Modified: 12/01/2023

Description

Great opportunity for owner user or investor. Long standing Auto shop for sale, located on Maricopa Country island in Chandler. Property is zoned C-3 and to include equipment. ***OWNER FINANCING AVAILABLE*** Is currently occupied until the end of the year, do not disturb tenants. Please contact with any questions.

More Information MLS# 6611931

Contract Info

Ownership: Fee Simple Current Price: $1,450,000 Sold Price: $1,450,000 Status: Closed List Date: 2023-09-29

Location, Tax & Legal

Assessor's Map #: 58 Legal Description (Abbrev): WLY 93F AS MEAS PERP TO N LN OF FOL DESC PROP TH PT LY W OF CONSOLIDATED CAN EAST BR IN NW4 NE4 SEC Assessor's Parcel #: 19 Assessor Parcel Ltr: F Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Census Tract: 813400 Taxes: 7154 Legal: WLY 93F AS MEAS PERP TO N LN OF FOL DESC PROP TH PT LY W OF CONSOLIDATED CAN EAST BR IN NW4 NE4 SEC House Number: 11607 Compass: E Street Name: RIGGS St Suffix: Road City/Town Code: Chandler State/Province: AZ Zip Code: 85249 Zip4: 3604 County Code: Maricopa Assessor Number: 303-58-019-F Tax Year: 2022

General Property Description

Ttl Apx SqFt Bldg: 3041 # of Buildings: 1 Uncvrd Parking Spcs: 10 Year Built: 1990 Zoning: C-3

Legal Info

Range: 5E Section: 34 Township: 2S Lot Number: F

Construction

Block: 1 Metal: 1

Roofing

Metal: 1

Floors

Concrete: 1

Bay Info

# of Bays: 3 # of Bay Doors: 3

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 7154 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 74400

Building Type

Commercial: 1

Business Type

Automobile: 1

Stories

1 Story: 1

Pmt & Rate Info

Cap Rate: 5.01 Equity: 1485000 Total Owed: 0

Showing Notification Methods

Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Ceiling Height

16.1 Feet to 28 Feet: 1

Heating

See Remarks: 1 None: 1

Cooling

Office A/C: 1 See Remarks: 1

Interior Features

Unfinished: 1

Loading Facilities

Grade Level: 1

Road Surface Type

Asphalt: 1

Exterior

Building Sign: 1

Source of Fincl Data

Owner: 1

Fencing

Block: 1 Security: 1

Water Source

Domestic Well: 1

Sewer

Septic Tank: 1

Parking Features

Fenced: 1

Electric

SRP: 1 Other (See Remarks): 1

Gas

None: 1 Other (See Remarks): 1

New Financing

Owner May Carry: 1

Reports/Disclosures

Well Disclosure: 1

Environmental

None: 1

Sold Info

Loan Type: Carryback Loan Years: 7 Payment Type: Balloon Clsing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: Riggs Rd & Arizona Ave Directions: E on Riggs Rd from Arizona Ave, property will be on South side of street Geo Lat: 33.218108 Geo Lon: -111.832411

Status Change Info

Off Market Date: 2023-11-30 Under Contract Date: 2023-10-19 Close of Escrow Date: 2023-12-01 Sold Price: $1,450,000

Income Expenses

Gross Annual Sch Inc: 74400 Net Operating Income: 74400

Property Features

Building Type: Commercial Business Type: Automobile Stories: 1 Story Construction: Block; Metal Roofing: Metal Floors: Concrete Ceiling Height: 16.1 Feet to 28 Feet Heating: None; See Remarks Cooling: Office A/C; See Remarks Loading Facilities: Grade Level Interior Features: Unfinished Exterior: Building Sign Fencing: Block; Security Parking Features: Fenced Electric: SRP; Other (See Remarks) Gas: None; Other (See Remarks) Water Source: Domestic Well Sewer: Septic Tank New Financing: Owner May Carry Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Owner Road Surface Type: Asphalt Environmental: None

Listing Office: Paul McComb Realty

Last Updated: December - 01 - 2023