2649 W INDIAN SCHOOL Road, Phoenix, AZ 85017 (MLS# 6044080)

2649 W INDIAN SCHOOL Road, Phoenix, AZ 85017

$1,500,000

Property Type: Comm/Industry Sale Square Footage: 2,895 Lot Size (sq. ft.): 33,816 Status: Closed

Current Price: $1,500,000 List Date: 2/21/2021 Last Modified: 1/01/2022

Overview

Description

Gas station and retail store. High traffic area. Tax record say built in 2008 but I believe that was when it was renovated. It may have been built in 1974. All new ART dispensers in 2016. Store sells beer and wine. 1.6M with no inventory. Inventory to be taken day of transfer seperately. Everything in the store at 33% retail value, except fuel, at invoice value.

Supplements: Income and expenses are estimated based on January thru July income and expenses. The MLS format does not allow accurate financial data entry in some areas.

Listing Details MLS# 6044080

Location, Tax & Legal

Map Code/Grid: P33
House Number: 2649
Compass: W
Street Name: INDIAN SCHOOL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85017
Zip4: 4304
Country: US
County Code: Maricopa
Assessor Number: 110-01-015-D
Tax Year: 2019
Assessor's Map #: 1
Legal Description (Abbrev): TH PT NW4 NW4 NW4 SEC 25 DAF BEG NW COR SD SEC 25 TH S 98.50F TH S 89D 50M E 40F TO POB TH N 44D 47M
Assessor's Parcel #: 15
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116900
Taxes: 19297
Legal: TH PT NW4 NW4 NW4 SEC 25 DAF BEG NW COR SD SEC 25 TH S 98.50F TH S 89D 50M E 40F TO POB TH N 44D 47M

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 2895
# of Buildings: Yes
Year Built: 2008
Zoning: C-G
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: Indian School Road and 27th Ave
Directions: South East Corner of Indian School Road and 27th Ave

Status Change Info

Off Market Date: 2021-05-20
Under Contract Date: 2021-05-17
Close of Escrow Date: 2021-12-31

Legal Info

Township: 2N
Range: 2E
Section: 25
Lot Number: o

More Information

Income Expenses

Gross Annual Sch Inc: 4777713.15
Net Operating Income: 542029.65

Contact Info

List Agent Home Phn: 602-493-7561

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

Block: Yes

Roofing

Other: Yes

Floors

Concrete: Yes

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: 348597.65
Operating Exp: 367894.65
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 4777713.15

Building Type

Commercial: Yes

Business Type

Automobile: Yes
Packge Store(Liquor): Yes
Fast Food: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Cap Rate: 33.88
Down Payment: 800000
Equity: 1600000
Total Owed: 0
Assessment Balance: 0

Showing Notification Methods

Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

Supra: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes

Heating

Heat Pump: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Light(s): Yes
Security Camera(s): Yes
Alarm System: Yes
Public Restrooms: Yes

Loading Facilities

None: Yes

Exterior

Corner Lot: Yes

Source of Fincl Data

Owner: Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes

Building Features

Other (See Remarks): Yes

Sewer

Sewer - Public: Yes

Parking Features

None: Yes

Electric

SRP: Yes

Gas

None: Yes

New Financing

Cash to Loan: Yes

Existing 1st Loan

SBA: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Commercial Business Type: Automobile; Packge Store(Liquor); Fast Food Stories: 1 Story Construction: Block Roofing: Other Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet Heating: Heat Pump Cooling: Central Air Loading Facilities: None Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Public Restrooms Exterior: Corner Lot Fencing: Block Building Features: Other (See Remarks) Parking Features: None Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash to Loan Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra Source of Fincl Data: Owner Existing 1st Loan: SBA 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 Environmental: None

Listing Office: West USA Realty

Last Updated: January - 01 - 2022