301 E PALM Lane, Phoenix, AZ 85004

$1,420,000
Property Type: Comm/Industry Sale Square Footage: 9,432 Lot Size (sq. ft.): 42,897 Status: Closed
Current Price: $1,420,000 List Date: 6/22/2017 Last Modified: 8/06/2021

Overview

Description

±9,432 SF single story office building situated on ±42,897 square feet of C-O zoned land at the intersection of 3rd Street and Palm Lane. This property features: an open reception area, executive offices, ±1,600 square foot currently functioning as training room/event space, several conference rooms, bullpen, full kitchen, ADA restrooms, interior courtyard, plentiful storage and parking. Ideal for an Owner User or Investor as this could be easily divided into Multi-Tenant office. Private Parking: 41 Spaces including 12 Covered Spaces.

Listing Details MLS# 5623048

Location, Tax & Legal

Map Code/Grid
P34
House Number
301
Compass
E
Street Name
PALM
St Suffix
Lane
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85004
Country
US
County Code
Maricopa
Subdivision
LOS OLIVOS 51, 52
Assessor Number
118-54-015-A
Tax Year
2016
Assessor's Map #
54
Legal Description (Abbrev)
LOT 36 LOS OLIVOS 51, 52 MCR 000402
Assessor's Parcel #
15
Assessor Parcel Ltr
A
Add'l Parcels
Yes
Tax Municipality
Maricopa - COUNTY
Census Tract
111800
Taxes
19821
Legal
LOT 36 LOS OLIVOS 51, 52 MCR 000402
Marketing Name
±9,432 SF Office Building

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
9432
# of Buildings
Yes
Year Built
1974
Uncvrd Parking Spcs
29
Zoning
C-O

Remarks Misc

Cross Street
N 3rd St & E Palm Ln
Directions
Located on the Southeast corner of E Palm Lane & N 3rd Street. Frontage on North 3rd Street. Easy access to Interstate-10 to the south. Near Downtown, Midtown and Central Avenue Corridor.

Status Change Info

Off Market Date
2017-10-16
Under Contract Date
2017-10-10
Close of Escrow Date
2018-01-02

Legal Info

Township
2N
Range
3E
Section
32
Lot Number
36

More Information

Income Expenses

Gross Annual Sch Inc
Yes
Net Operating Income
Yes

Contact Info

List Agent Home Phn
602-319-1326

Sold Info

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

Construction

Other
Yes

Roofing

Other
Yes

Floors

Vinyl
Yes
Carpet
Yes
Other
Yes

Income & Expenses

Annual Elec Exp
1
Annual Gas Exp
1
Annual Ins Exp
1
Annual Land Lse Exp
1
Annual Landscape Exp
1
Annual Legal & Acctg
1
Annual Maint Exp
1
Annual Mgmt Exp
1
Annual Trash Exp
1
Annual Wtr/Swr Exp
1
Owner Association
No
Annual Ownr Asoc Fee
1
Annual PAD Fee
1
Annual Rplcmnt Rsrvs
1
Annual Other Expense
1
Other Income
1
Vacancy Allowance
1
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Office
Yes

Business Type

Professional/Office
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Down Payment
1
Equity
1600000
Total Owed
0
Assessment Balance
1
Assessment Bal Yrs
Yes

Ceiling Height

8 Feet or Less
Yes
8.1 Feet to 10 Feet
Yes

Heating

Natural Gas
Yes
Other
Yes
See Remarks
Yes

Cooling

Central Air
Yes
Other
Yes
See Remarks
Yes

Interior Features

Finished
Yes
Other (See Remarks)
Yes

Loading Facilities

None
Yes

Exterior

Corner Lot
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

Other
Yes
See Remarks
Yes

Building Features

Conference Room
Yes
Reception Room
Yes
Kitchen
Yes
Other (See Remarks)
Yes

Sewer

Other
Yes

Parking Features

Private
Yes
Paved
Yes
Other
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Other (See Remarks)
Yes

Existing 1st Loan

Other (See Rmks)
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Other (See Remarks)
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Other (See Remarks)
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Other (See Remarks)
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Building Type: Commercial; Office Business Type: Professional/Office Stories: 1 Story Construction: Other Roofing: Other Floors: Vinyl; Carpet; Other Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet Heating: Natural Gas; Other; See Remarks Cooling: Central Air; Other; See Remarks Loading Facilities: None Interior Features: Finished; Other (See Remarks) Exterior: Corner Lot Fencing: Other; See Remarks Building Features: Conference Room; Reception Room; Kitchen; Other (See Remarks) Parking Features: Private; Paved; Other Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: Other; See Remarks Sewer: Other New Financing: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Environmental: Other (See Remarks)
IDX
Listing Office: R.O.I. Properties
Last Updated: August - 06 - 2021
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