3332 S MILL Avenue, Tempe, AZ 85282 (MLS# 6096148)

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

Overview

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**

Listing Details MLS# 6096148

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Subdivision: DANELLE PLAZA
Assessor Number: 133-58-048-A
Tax Year: 2019
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

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Restaurant
Ttl Apx SqFt Bldg: 3062
# of Buildings: Yes
Year Built: 1968
Uncvrd Parking Spcs: 5
Zoning: CSS

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.

Status Change Info

Off Market Date: 2020-12-05
Under Contract Date: 2020-10-30
Close of Escrow Date: 2020-12-04

Legal Info

Township: 1N
Range: 4E
Section: 34
Lot Number: 48

More Information

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

Built-Up: Yes

Floors

Concrete: Yes
Vinyl: Yes
Carpet: Yes

Income & Expenses

Owner Association: Yes
Annual Ownr Asoc Fee: 1500
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Restaurant: Yes
Retail: Yes
Food Service: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Equity: 775000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes

Heating

Electric: Yes
Natural Gas: Yes

Cooling

Central Air: Yes

Interior Features

Finished: Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Monument Sign: Yes

Source of Fincl Data

Owner: Yes
Other (See Remarks): Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Sewer

Sewer - Public: Yes

Railroad

Other (See Remarks): Yes

Parking Features

Paved: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

New Financing

Cash Only: 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

Use Restrictions

Other (See Remarks): Yes

Reports/Disclosures

None: 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: 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