3309 N 3RD Street, Phoenix, AZ 85012 (MLS# 6783090)

3309 N 3RD Street, Phoenix, AZ 85012

$980,000

Property Type: Comm/Industry Sale Square Footage: 3,799 Lot Size (sq. ft.): 6,250 Status: Closed

Current Price: $980,000 List Date: 11/12/2024 Last Modified: 12/17/2024

Overview

Description

This prime vacant redevelopment property is located at the southeast corner of 3rd Street and Mulberry in Midtown Phoenix. The site consists of two parcels totaling 12,500 square feet, featuring a 3,798 square foot building at 305 Mulberry and 3309 North 3rd Street. The property includes a single-family home built in 1932 and a commercial building constructed in 1946. Zoned C-1 Neighborhood Commercial, it was previously operated as a guitar shop. This property offers an excellent investment opportunity for a commercial buyer. Sale includes both: APN 118-22-066 APN 118-22-067

Listing Details MLS# 6783090

Location, Tax & Legal

House Number: 3309
Compass: N
Street Name: 3RD
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85012
Zip4: 2301
Country: US
County Code: Maricopa
Subdivision: FLORA VISTA TRACT
Assessor Number: 118-22-066
Tax Year: 2024
Assessor's Map #: 22
Legal Description (Abbrev): LOT 1 FLORA VISTA TRACT MCR 000920
Assessor's Parcel #: 66
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 110502
Taxes: 5780
Legal: LOT 1 of FLORA VISTA TRACT LOT 2 of FLORA VISTA TRACT
Marketing Name: Commercial Building

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Retail
Ttl Apx SqFt Bldg: 3799
# of Buildings: Yes
Year Built: 1957
Zoning: C-n
Uncvrd Parking Spcs: 0

Remarks Misc

Cross Street: Mulberry
Directions: Property is located at 3rd Street and Mulberry in midtown Phoenix, just a 15-minute drive from Phoenix Sky Harbor International Airport and a 6-minute walk to the Metro light rail.

Status Change Info

Off Market Date: 2024-11-26
Under Contract Date: 2024-11-21
Close of Escrow Date: 2024-12-11

Legal Info

Township: 2N
Range: 3E
Section: 29
Lot Number: 1, 2

More Information

Showing Notification Methods

Showing Service: Aligned Showings

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

Other: Yes

Roofing

Other: Yes

Floors

Other: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5780
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Retail: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Equity: 1400000
Total Owed: 0

Lockbox Type

See Private Remarks: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes

Heating

Electric: Yes

Cooling

Central Air: Yes

Interior Features

Smoke Detector(s): Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Source of Fincl Data

Owner: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes

Electric

City Electric: Yes

Gas

City Gas: Yes

New Financing

Other (See Remarks): Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Building Type: Commercial Business Type: Retail Stories: 1 Story Construction: Other Roofing: Other Floors: Other Ceiling Height: 10.1 Feet to 12 Feet Cooling: Central Air Loading Facilities: None Interior Features: Smoke Detector(s); Private Restrooms Fencing: None Parking Features: Parking Lot Electric: City Electric Gas: City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Lockbox Type: See Private Remarks Source of Fincl Data: Owner Environmental: None

Listing Office: Keller Williams Realty Phoenix

Last Updated: December - 17 - 2024