1609 W UNIVERSITY Drive, Mesa, AZ 85201
$1,000,000
Property Type:
Comm/Industry Sale
Square Footage:
3,754
Lot Size (sq. ft.):
16,911
Status:
Closed
Current Price:
$1,000,000
List Date:
4/22/2020
Last Modified:
3/05/2025
Description
Since 1970, Carpet, Vinyl and Installation Services being Sold from this Location. Investors, Realtors and Homeowners have been coming to this Location for AFFORDABLE flooring and installation services. Unique Presentation. Overhead is OBVIOUSLY low and Profits High. $1.5m Gross Sales and$470K in Net Profits in 2019. TWO Employees on Salary. Enough Left Over to Raise a Family, Pay Off a Mortgage, Purchase A LOT of Toys and Build a Retirement Nest Egg. This is what EVERY Entrepreneur is Looking for. 3,672sf Building. 16,911sf HARD Corner Lot with a Stop Light. 2 Miles from the 101 Freeway. Central Mesa...508,000 People. Price Includes: Land, Building, FF&E (2-Fork Lifts, Racks, Truck, Storage Container), Inventory, Name, Goodwill. May Carry with 50% Down.
More Information MLS# 6068956
Contract Info
Ownership: Fee Simple
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
List Date: 2020-04-22
Location, Tax & Legal
Assessor's Map #: 64
Legal Description (Abbrev): CASA MESA AMD
Assessor's Parcel #: 116
Add'l Parcels: No
Tax Municipality: Mesa
Census Tract: 421303
Taxes: 5940
Legal: TRACT A CASA MESA AMENDED LOT 192-299 & TR B MCR 008905
Marketing Name: A & P Carpet & Flooring
Map Code/Grid: R38
House Number: 1609
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Zip4: 5331
County Code: Maricopa
Subdivision: CASA MESA AMENDED LOT 192-299 & TR B
Assessor Number: 135-64-116
Tax Year: 2019
General Property Description
Type of Property: Wholesale/Retail
Ttl Apx SqFt Bldg: 3754
# of Buildings: 1
Uncvrd Parking Spcs: 10
Volts/Amps: 110/220
Year Built: 1960
Zoning: Commercial
Legal Info
Range: 5E
Section: 20
Township: 1N
Lot Number: A
Construction
Block: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Ceramic Tile: 1
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: 858000
Operating Exp: 863940
Other Income: 888
Vacancy Allowance: 0
Adjusted Gross Inc: 1500888
Building Type
Commercial: 1
Office: 1
Distribution/Warehouse: 1
Business Type
Professional/Office: 1
Warehouse: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 40.51
Down Payment: 0
Equity: 990000
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
14.1 Feet to 16 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Public Restrooms: 1
Loading Facilities
None: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Curb(s) & Gutter(s): 1
Pole Sign: 1
Building Sign: 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
25,001 to 35,000: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Building Features
Showroom: 1
Sewer
Sewer - Public: 1
Railroad
Available: 1
Parking Features
Parking Lot: 1
Paved: 1
Electric
SRP: 1
220 Volts: 1
Gas
None: 1
New Financing
Cash Only: 1
Owner May Carry: 1
1031 Exchange: 1
Special
Incorporated Area: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Existing Easement(s): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 480-600-6001
Sold Info
Loan Type: Carryback
Loan Years: 3
Payment Type: Interest Only
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: University & Longmore
Directions: 101 Freeway to University Drive East to Longmore Street (Stop Light). Property on SWC of the Intersection.
Geo Lat: 33.421844
Geo Lon: -111.865614
Status Change Info
Off Market Date: 2020-06-26
Under Contract Date: 2020-06-26
Close of Escrow Date: 2020-10-02
Sold Price: $1,000,000
Income Expenses
Gross Annual Sch Inc: 1500000
Net Operating Income: 401000
Property Features
Building Type: Commercial; Office; Distribution/Warehouse
Business Type: Professional/Office; Warehouse; Retail
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete; Ceramic Tile
Ceiling Height: 14.1 Feet to 16 Feet
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Public Restrooms
Exterior: Corner Lot; Dual Street Ftg; Curb(s) & Gutter(s); Pole Sign; Building Sign; Sidewalk(s)
Fencing: None
Building Features: Showroom
Parking Features: Parking Lot; Paved
Road Access Type: Alley
Electric: SRP; 220 Volts
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Available
New Financing: Cash Only; Owner May Carry; 1031 Exchange
Showing Notification Methods: Phone Call
Lockbox Type: None
Special: Incorporated Area
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt; Concrete
Traffic Count: 25,001 to 35,000
Use Restrictions: Existing Easement(s)
Environmental: None
Listing Office:
Valley of the Sun Real Estate
Last Updated: March - 05 - 2025
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