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

Overview

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.

Listing Details MLS# 6611931

Location, Tax & Legal

House Number
11607
Compass
E
Street Name
RIGGS
St Suffix
Road
City/Town Code
Chandler
State/Province
AZ
Zip Code
85249
Zip4
3604
Country
US
County Code
Maricopa
Assessor Number
303-58-019-F
Tax Year
2022
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

Contract Info

Ownership
Fee Simple

General Property Description

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

Remarks Misc

Cross Street
Riggs Rd & Arizona Ave
Directions
E on Riggs Rd from Arizona Ave, property will be on South side of street

Status Change Info

Off Market Date
2023-11-30
Under Contract Date
2023-10-19
Close of Escrow Date
2023-12-01

Legal Info

Township
2S
Range
5E
Section
34
Lot Number
F

More Information

Bay Info

# of Bays
3
# of Bay Doors
3

Income Expenses

Gross Annual Sch Inc
74400
Net Operating Income
74400

Sold Info

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

Construction

Block
Yes
Metal
Yes

Roofing

Metal
Yes

Floors

Concrete
Yes

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
Yes

Business Type

Automobile
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
5.01
Equity
1485000
Total Owed
0

Showing Notification Methods

Text
Yes
Email
Yes
Phone Call
Yes

Lockbox Type

None
Yes

Ceiling Height

16.1 Feet to 28 Feet
Yes

Heating

See Remarks
Yes
None
Yes

Cooling

Office A/C
Yes
See Remarks
Yes

Interior Features

Unfinished
Yes

Loading Facilities

Grade Level
Yes

Road Surface Type

Asphalt
Yes

Exterior

Building Sign
Yes

Source of Fincl Data

Owner
Yes

Fencing

Block
Yes
Security
Yes

Water Source

Domestic Well
Yes

Sewer

Septic Tank
Yes

Parking Features

Fenced
Yes

Electric

SRP
Yes
Other (See Remarks)
Yes

Gas

None
Yes
Other (See Remarks)
Yes

New Financing

Owner May Carry
Yes

Reports/Disclosures

Well Disclosure
Yes

Environmental

None
Yes

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
IDX
Listing Office: Paul McComb Realty
Last Updated: December - 01 - 2023
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