505 W UNIVERSITY Drive, Tempe, AZ 85281

$890,000

Property Type: Comm/Industry Sale Square Footage: 2,719 Lot Size (sq. ft.): 11,625 Status: Closed

Current Price: $890,000 List Date: 5/16/2017 Last Modified: 8/06/2021

Overview

Description

.27 Acre Retail Redevelopment Opportunity on University Drive in close proximity to Mill Avenue and ASU's Main Campus. Existing building is 2,718 SF last used as nonprofit group home and office. CHAPTER 11 BANKRUPTCY TRUSTEE TO SELL PROPERTY***CURRENT OFFER $890,000 WILL BE SUBJECT TO HIGHEST AND BEST BID AT COURT HEARING TO APPROVE SALE***COURT DATE 8/22/2017 @ 11:00 A.M. @ US BANKRUPTCY COURT 230 N 1ST AVE PHX 85003 -COURTROOM 601 JUDGE PAUL SALA***TO BID MUST REGISTER WITH CO-LISTING AGENT ON OR BEFORE 5:00 P.M. THREE DAYS BEFORE THE HEARING AND SUBMIT CASH DEPOSIT OF $10,000 TO ESCROW AGENT*** POTENTIAL BIDDERS MUST BE AT THE COURTHOUSE BY 10:45 A.M. (15 min before hearing).

Listing Details MLS# 5606225

Location, Tax & Legal

Map Code/Grid: R36
House Number: 505
Compass: W
Street Name: UNIVERSITY
St Suffix: Drive
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 8265
Country: US
County Code: Maricopa
Subdivision: GOODWIN HOMES
Assessor Number: 124-69-045
Tax Year: 2016

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 2719
# of Buildings: Yes
Year Built: 1979
Uncvrd Parking Spcs: 15
Zoning: CSS

Remarks Misc

Cross Street: W University Dr & S Wilson St

Status Change Info

Off Market Date: 2017-08-29
Under Contract Date: 2017-06-13
Close of Escrow Date: 2017-08-29

Legal Info

Township: 1N
Range: 4E
Section: 21
Lot Number: Yes

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: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %

Property Features

Building Type: Commercial Business Type: Professional/Office; Retail; Other; See Remarks Stories: 1 Story Construction: Stucco; Other Roofing: Other Floors: Vinyl; Carpet; Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other; See Remarks Cooling: Central Air; Other; See Remarks Loading Facilities: None Interior Features: Finished Fencing: None 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)

Listing Office: R.O.I. Properties

Office Phone: 602-319-1326

Office Email: bethjozeitzer@roiproperties.com

Last Updated: August - 06 - 2021