12801 N CAVE CREEK Road, Phoenix, AZ 85022 (MLS# 6612599)

12801 N CAVE CREEK Road, Phoenix, AZ 85022

$1,600,000

Property Type: Comm/Industry Sale Square Footage: 5,739 Lot Size (sq. ft.): 29,643 Status: Closed

Current Price: $1,600,000 List Date: 5/22/2024 Last Modified: 10/09/2024

Overview

Description

Opportunity knocks! This stunning turnkey restaurant space is situated just off Hwy 51 & Cactus, placing it in one of the highest traffic and most rapidly growing areas of the Valley. The beautiful modern interior seats 130+ guests and is appointed with upscale furnishing and fixtures throughout. The spacious .68 acre lot provides plenty of parking and signage visibility from the main road. The expansive kitchen is a chef's dream, outfitted with top-of-the-line commercial grade equipment ready for your menu. Highlights include: giant vent hood system, commercial walk-in refrigerators, bar equipment, POS system and more. The expansive dining room features chic booths, custom tables and a luxurious separate bar room...more..

Supplements: perfect for serving hungry diners flocking to this bustling corridor. With its contemporary style and fully operational infrastructure in place, this restaurant space provides a plug-and-play opportunity in an unbeatable location. Be the next successful restauranteur to occupy this primed venue in one of Phoenix's most affluent neighborhoods. Conta ... (Read more)

Listing Details MLS# 6612599

Location, Tax & Legal

House Number: 12801
Compass: N
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 5834
Country: US
County Code: Maricopa
Subdivision: CACTUS GARDENS 4
Assessor Number: 166-12-026
Tax Year: 2022
Assessor's Map #: 12
Legal Description (Abbrev): TRACT Q CACTUS GARDENS 4 MCR 009742
Assessor's Parcel #: 26
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 103502
Taxes: 11354
Legal: TRACT Q CACTUS GARDENS 4 MCR 009742

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 5739
# of Buildings: Yes
Year Built: 1974
Uncvrd Parking Spcs: 52
Zoning: C-2
Flood Zone: No

Remarks Misc

Cross Street: Cactus Rd & Cave Creek Road
Directions: From 51, go east on Cactus Rd, turn right on N Cave Creek Rd., will be on right

Status Change Info

Off Market Date: 2024-05-22
Under Contract Date: 2024-04-09
Close of Escrow Date: 2024-06-21

Legal Info

Township: 3N
Range: 3E
Section: 15

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Phone Call: Yes

Sold Info

Loan Type: SBA
Loan Years: 20
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Brick: Yes
Stucco: Yes

Roofing

Other: Yes

Floors

Concrete: Yes
Ceramic Tile: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 11354
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Restaurant: Yes
Retail: Yes
Food Service: Yes
Bar/Tavern/Lounge: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Equity: 1900000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Finished to Suit: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Light(s): Yes
Security Camera(s): Yes
Alarm System: Yes
Safe/Vault: Yes
Phone System: Yes
Private Restrooms: Yes
Public Restrooms: Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Corner Lot: Yes
Sprinkler System-Ground: Yes
Landscaping: Yes
Pole Sign: Yes
Building Sign: Yes
Sidewalk(s): Yes
Monument Sign: Yes
Security Light(s): Yes
Security Camera(s): Yes

Source of Fincl Data

Owner: Yes
Accountant: Yes
Books Shown: Yes
Tax Return: Yes

Traffic Count

25,001 to 35,000: Yes

Fencing

Partial: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Building Features

Kitchen: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Parking Lot: Yes
Paved: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

New Financing

Cash Only: Yes
Cash to Loan: Yes
Owner May Carry: Yes
1031 Exchange: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial Business Type: Restaurant; Retail; Food Service; Bar/Tavern/Lounge Stories: 1 Story Construction: Stucco; Brick Roofing: Other Floors: Concrete; Ceramic Tile Ceiling Height: 10.1 Feet to 12 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Finished to Suit; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Safe/Vault; Phone System; Private Restrooms; Public Restrooms Exterior: Corner Lot; Sprinkler System-Ground; Landscaping; Pole Sign; Building Sign; Sidewalk(s); Monument Sign; Security Light(s); Security Camera(s) Fencing: Partial Building Features: Kitchen Parking Features: Free; Parking Lot; Paved Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; Owner May Carry; 1031 Exchange Showing Notification Methods: Phone Call Lockbox Type: None Source of Fincl Data: Owner; Accountant; Books Shown; Tax Return Existing 1st Loan: Treat as Free&Clear Road Surface Type: Asphalt Traffic Count: 25,001 to 35,000 Environmental: None

Documents

Unbranded Flyer ›

Listing Office: JPAR Vantage

Last Updated: October - 09 - 2024