3332 S MILL Avenue, Tempe, AZ 85282
$710,000
Property Type:
Comm/Industry Sale
Square Footage:
3,062
Lot Size (sq. ft.):
7,651
Status:
Closed
Current Price:
$710,000
List Date:
6/27/2020
Last Modified:
12/05/2020
Description
Rare opportunity to purchase a full fixtured restaurant in a stand alone building in Tempe Arizona. In close proximity to the US60 freeway, I-10 freeway, downtown Tempe, and the 50,000 plus student ASU Campus. The building is currently occupied by a restaurant and can be vacant. The property includes a full kitchen with a walk in cooler, hood, stoves, ovens, fixtures, and equipment. Dense multi-family, student housing area with a strong daytime population. Abundant parking. Frontage on S. Mill Ave. ~ 1.5 miles from ASU Campus ~150,000 people within a three mile radius. ~35,000 cars per day on Mill. Please contact listing agent for tour. ** Buyer to verify information, measurements, & City requirements**
More Information MLS# 6096148
Contract Info
Ownership: Fee Simple
Current Price: $710,000
Sold Price: $710,000
Status: Closed
List Date: 2020-06-27
Location, Tax & Legal
Assessor's Map #: 58
Legal Description (Abbrev): LOT 48 DANELLE PLAZA MCR 010115
Assessor's Parcel #: 48
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Census Tract: 319800
Taxes: 4639
Legal: LOT 48 DANELLE PLAZA MCR 010115
Map Code/Grid: R37
House Number: 3332
Compass: S
Street Name: MILL
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 4933
County Code: Maricopa
Subdivision: DANELLE PLAZA
Assessor Number: 133-58-048-A
Tax Year: 2019
General Property Description
Type of Property: Restaurant
Ttl Apx SqFt Bldg: 3062
# of Buildings: 1
Uncvrd Parking Spcs: 5
Year Built: 1968
Zoning: CSS
Legal Info
Range: 4E
Section: 34
Township: 1N
Lot Number: 48
Construction
Block: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Vinyl: 1
Carpet: 1
Income & Expenses
Owner Association: Yes
Annual Ownr Asoc Fee: 1500
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Restaurant: 1
Retail: 1
Food Service: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 775000
Total Owed: 0
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Monument Sign: 1
Source of Fincl Data
Owner: 1
Other (See Remarks): 1
Traffic Count
35,001 to 50,000: 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Railroad
Other (See Remarks): 1
Parking Features
Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Existing 1st Loan
Other (See Rmks): 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Use Restrictions
Other (See Remarks): 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: S Mill Ave and Southern Ave
Directions: Once on the US 60, exit on Mill Ave and head North. Property will be on your left hand side.
Geo Lat: 33.391885
Geo Lon: -111.939961
Status Change Info
Off Market Date: 2020-12-05
Under Contract Date: 2020-10-30
Close of Escrow Date: 2020-12-04
Sold Price: $710,000
Property Features
Building Type: Commercial
Business Type: Restaurant; Retail; Food Service
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete; Vinyl; Carpet
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Natural Gas
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished
Exterior: Monument Sign
Fencing: None
Parking Features: Paved
Electric: SRP
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Other (See Remarks)
New Financing: Cash Only
Lockbox Type: None
Source of Fincl Data: Owner; 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 Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: 35,001 to 50,000
Use Restrictions: Other (See Remarks)
Environmental: None
Listing Office:
Realty ONE Group
Last Updated: December - 05 - 2020
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