1541 E Thomas Road, Phoenix, AZ 85014

$1,520,000
Property Type: Comm/Industry Sale Square Footage: 11,664 Lot Size (sq. ft.): 41,029 Status: Closed
Current Price: $1,520,000 List Date: 11/09/2023 Last Modified: 3/11/2024

Overview

Description

16 Thomas At Midtown is a central Phoenix redevelopment that includes a fully remodeled existing retail/office/flex space with controlled access and additional land with retail PAD upside (C-2 PAD Drive Thru Retail With City Of Phoenix CUP Approval) The property is 5 lots total with 2 buildings. The total land area includes approximately 41,029 SF or 0.94 Acres, and the total existing building square footage includes approximately 11,664 square feet.

Listing Details MLS# 6628647

Location, Tax & Legal

House Number
1541
Compass
E
Street Name
Thomas
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85014
Country
US
County Code
Maricopa
Assessor Number
117-20-006
Tax Year
2023
Assessor's Map #
20
Assessor's Parcel #
6
Add'l Parcels
Yes
Tax Municipality
Phoenix
Taxes
12900
Legal
HINTON PARK MCR 32-11 E 42F OF LOT 6 EX N 9F

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
11664
# of Buildings
2
Year Built
1957
Uncvrd Parking Spcs
38
Zoning
c-2

Remarks Misc

Cross Street
16th Street and Thomas Rd.
Directions
property on the edges of the corner of Thomas Rd. and 16th Street Diagonally from each other.

Status Change Info

Off Market Date
2023-12-21
Under Contract Date
2023-12-12
Close of Escrow Date
2024-02-09

Legal Info

Lot Number
6

More Information

Bay Info

# of Bay Doors
2
Bay Door Height
8

Sold Info

Loan Type
Other
Loan Years
15
Payment Type
Fixed
Clsing Cost Split
Buyer - B
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes

Roofing

Foam
Yes

Floors

Concrete
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Office
Yes

Business Type

Mixed
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Equity
1595000
Total Owed
0

Lockbox Type

Supra
Yes
Other
Yes

Ceiling Height

10.1 Feet to 12 Feet
Yes

Heating

2 or More Units
Yes

Cooling

Central Air
Yes

Interior Features

Unfinished
Yes

Loading Facilities

Grade Level
Yes

Source of Fincl Data

Owner
Yes

Fencing

Block
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Fenced
Yes

Electric

220 Volts
Yes

Gas

SW Gas
Yes

New Financing

Cash Only
Yes
Cash to Loan
Yes
1031 Exchange
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial; Office Business Type: Mixed Stories: 1 Story Construction: Block Roofing: Foam Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet Heating: 2 or More Units Cooling: Central Air Loading Facilities: Grade Level Interior Features: Unfinished Fencing: Block Parking Features: Fenced Electric: 220 Volts Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange Lockbox Type: Supra; Other Source of Fincl Data: Owner Environmental: None
IDX
Listing Office: HomeSmart
Last Updated: March - 11 - 2024
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.