5250 S Lakeshore Drive, Tempe, AZ 85283

$950,000
Property Type: Comm/Industry Sale Square Footage: 9,986 Lot Size (sq. ft.): 2 Status: Closed
Current Price: $950,000 List Date: 8/23/2012 Last Modified: 10/02/2019

Overview

Description

HUGE PRICE REDUCTION! One-of-a-kind location on large lake in Tempe. Zoned PCC 1, so many possible uses. Previously a restaurant, currently used for special events, this location offers premier accommodations suited for many uses. Walls of glass and large patios overlook the picturesque lake. 2.26 acre site provides ample parking. Bordered by retail and office mall in a densely populated residential area. Current business still operating, so please Do Not Disturb. Call for more information or to schedule a showing. Buyer to verify all figures and measurements.

Listing Details MLS# 4807751

Location, Tax & Legal

Map Code/Grid
S37
House Number
5250
Compass
S
Street Name
Lakeshore
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85283
Country
US
County Code
Maricopa
Subdivision
The Lakes
Assessor Number
301-02-026-A
Tax Year
2011
Assessor's Map #
2
Legal Description (Abbrev)
Lakes
Assessor's Parcel #
26
Assessor Parcel Ltr
A
Add'l Parcels
No
Tax Municipality
Tempe
Taxes
23497
Tax District
031600
Legal
THE LAKES MCR 131/36 TR P EX BEG AT WLY R/W LI OF LAKESHORE DR WITH NLY LI TRACT N TH N 45D 43M W 21.21F TH W 10F TH NWL
Marketing Name
The Waterfront

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Retail/Office/Restaurant
Ttl Apx SqFt Bldg
9986
# of Buildings
Yes
Year Built
1973
Uncvrd Parking Spcs
96
Zoning
PCC 1

Remarks Misc

Cross Street
Baseline and Rural
Directions
US 60 to Rural Road, South on Rural to Lakeshore Drive, just south of Baseline.

Status Change Info

Off Market Date
2013-01-04
Under Contract Date
2013-01-03
Close of Escrow Date
2013-01-31

Legal Info

Township
2
Range
4E
Section
1S
Lot Number
NA
Cnty Rcrd Bk & Pg #
BOOK 131, P 36

More Information

Contact Info

List Agent Home Phn
480-242-7704

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

Tile
Yes
Foam
Yes

Floors

Carpet
Yes

Income & Expenses

Annual Elec Exp
0
Annual Gas Exp
0
Annual Ins Exp
0
Annual Land Lse Exp
0
Annual Landscape Exp
0
Annual Legal & Acctg
0
Annual Maint Exp
0
Annual Mgmt Exp
0
Annual Trash Exp
0
Annual Wtr/Swr Exp
0
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
23497
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Office
Yes

Business Type

Restaurant
Yes
Other
Yes
See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Down Payment
0
Equity
950000
Total Owed
0
Assessment Balance
0

Ceiling Height

8.1 Feet to 10 Feet
Yes
10.1 Feet to 12 Feet
Yes

Heating

Heat Pump
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes
Fire Sprinklers
Yes
Alarm System
Yes
Safe/Vault
Yes
Phone System
Yes
Private Restrooms
Yes
Public Restrooms
Yes

Loading Facilities

Grade Level
Yes

Road Surface Type

Asphalt
Yes

Exterior

Sprinkler System-Ground
Yes
Landscaping
Yes
Curb(s) & Gutter(s)
Yes
Monument Sign
Yes

Source of Fincl Data

Owner
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

City Franchise
Yes
Individual Meter
Yes

Freeway/Highway

Up to 1 Mile
Yes

Building Features

Conference Room
Yes
Reception Room
Yes
Kitchen
Yes

Sewer

Sewer - Public
Yes

Parking Features

Parking Lot
Yes
Paved
Yes

Electric

SRP
Yes
3 Phase Power
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

Existing Easement(s)
Yes

Existing 3rd Loan Type

Not Applicable
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; Office Business Type: Restaurant; Other; See Remarks Stories: 1 Story Construction: Block Roofing: Tile; Foam Floors: Carpet Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet Heating: Heat Pump Cooling: Central Air Loading Facilities: Grade Level Interior Features: Finished; Fire Sprinklers; Alarm System; Safe/Vault; Phone System; Private Restrooms; Public Restrooms Exterior: Sprinkler System-Ground; Landscaping; Curb(s) & Gutter(s); Monument Sign Fencing: Other; See Remarks Building Features: Conference Room; Reception Room; Kitchen Parking Features: Parking Lot; Paved Electric: SRP; 3 Phase Power Gas: SW Gas Water Source: City Franchise; Individual Meter Sewer: Sewer - Public New Financing: Cash Only Source of Fincl Data: Owner 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 Road Surface Type: Asphalt Use Restrictions: Existing Easement(s) Environmental: None
IDX
Listing Office: Wild West Properties
Last Updated: October - 02 - 2019
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