16720 E Ave Of The Fountains Drive, Fountain Hills, AZ 85268 (MLS# 6343135)

16720 E Ave Of The Fountains Drive, Fountain Hills, AZ 85268

$485,000

Property Type: Comm/Industry Sale Square Footage: 3,170 Lot Size (sq. ft.): 2,750 Status: Closed

Current Price: $485,000 List Date: 2/25/2022 Last Modified: 7/08/2026

Overview

Description

https://dprcc.com/16720fountainhills Approximately 3,170 SF of built-out mixed use retail commercial space on a 2,750 SF lot. This fully occupied property is ideal for an investor seeking a long term investment with upside potential. The first floor (2,200 SF) is utilized as a restaurant and the 2nd floor (1,125 SF), built out as a studio apartment, is currently used as office/storage space providing future opportunity for additional revenue. The property is walking distance from the famous Fountain Hills Fountain Park.

Listing Details MLS# 6343135

Location, Tax & Legal

Map Code/Grid: L41
House Number: 16720
Compass: E
Street Name: Ave Of The Fountains
St Suffix: Drive
City/Town Code: Fountain Hills
State/Province: AZ
Zip Code: 85268
Zip4: 4164
Country: US
County Code: Maricopa
Subdivision: FOUNTAIN HILLS ARIZONA NO. 208 BLOCK 5-8
Assessor Number: 176-05-127
Tax Year: 2021
Assessor's Map #: 5
Legal Description (Abbrev): LOT 6 BLOCK 3 FOUNTAIN HILLS ARIZONA NO. 208 BLOCK 5-8 MCR 014404
Assessor's Parcel #: 127
Add'l Parcels: Yes
Tax Municipality: Fountain Hills
Census Tract: 216818
Taxes: 2900
Legal: LOT 6 BLOCK 3 FOUNTAIN HILLS ARIZONA NO. 208 BLOCK 5-8 MCR 014404

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Retail Restaurant
Ttl Apx SqFt Bldg: 3170
# of Buildings: Yes
Year Built: 1989
Uncvrd Parking Spcs: 22
Zoning: C-2

Remarks Misc

Cross Street: Saguaro Blvd & Ave of the Fountains
Directions: From Saguaro Blvd, north on Ave of the Fountains, Property on right.

Status Change Info

Off Market Date: 2022-03-02
Under Contract Date: 2022-02-26
Close of Escrow Date: 2022-03-17

Legal Info

Township: 3N
Range: 6E
Section: 15
Lot Number: 6

More Information

Income Expenses

Net Operating Income: 29340

Sold Info

Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Wood Frame: Yes

Roofing

Concrete: Yes

Floors

Concrete: Yes
Ceramic Tile: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2900
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Restaurant: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

Equity: 489000
Total Owed: 0

Showing Notification Methods

Text: Yes

Lockbox Type

None: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes
12.1 Feet to 14 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Alarm System: Yes
Phone System: Yes
Public Restrooms: Yes

Loading Facilities

None: Yes

Source of Fincl Data

Owner: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Building Features

Kitchen: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

New Financing

Cash Only: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial Business Type: Restaurant Stories: 2 Stories Construction: Wood Frame Roofing: Concrete Floors: Concrete; Ceramic Tile Ceiling Height: 10.1 Feet to 12 Feet; 12.1 Feet to 14 Feet Cooling: Central Air Loading Facilities: None Interior Features: Finished; Alarm System; Phone System; Public Restrooms Fencing: None Building Features: Kitchen Parking Features: Parking Lot Electric: SRP Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Showing Notification Methods: Text Lockbox Type: None Source of Fincl Data: Owner Environmental: None

Listing Office: Delex Realty

Last Updated: July - 08 - 2026