5525 W GLENDALE Avenue, Glendale, AZ 85301 (MLS# 6427568)

5525 W GLENDALE Avenue, Glendale, AZ 85301

$1,075,000

Property Type: Comm/Industry Sale Square Footage: 5,998 Lot Size (sq. ft.): 6,887 Status: Closed

Current Price: $1,075,000 List Date: 7/25/2023 Last Modified: 8/01/2023

Description

Amazing opportunity! Great commercial properties nestled on a premium corner lot in downtown Glendale! Discover vaulted ceilings with exposed beams, wood flooring, and welcoming receiving areas. Four suites separately metered. In each suite is unique, in some you will find offices, conference rooms, kitchenette, private restrooms, all designed for each client's need, Below you'll find 1800 sq ft if basement which is perfect for a storage room and split in 1/2 with rental income on half. Long term anchor tenant in unit 101 with high upgrades, an established clientele that brings in traffic. Restaurants, shops and entertainment are just a few feet away in the center of town.

More Information MLS# 6427568

Contract Info

Ownership: Fee Simple Current Price: $1,075,000 Sold Price: $1,075,000 Status: Closed List Date: 2022-07-01

Location, Tax & Legal

Assessor's Map #: 2 Legal Description (Abbrev): LOT 22 BLOCK 17 PARK ADDN BLKS 26-28, 7-15 MCR 000342 Assessor's Parcel #: 133 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Maricopa - COUNTY Census Tract: 92900 Taxes: 9232 Legal: LOT 22 BLOCK 17 PARK ADDN BLKS 26-28, 7-15 MCR 000342 Marketing Name: Brick Building Map Code/Grid: N32 House Number: 5525 Compass: W Street Name: GLENDALE St Suffix: Avenue City/Town Code: Glendale State/Province: AZ Zip Code: 85301 Zip4: 2574 County Code: Maricopa Subdivision: PARK ADDN BLKS 26-28, 7-15 Assessor Number: 146-02-133-A Tax Year: 2021

General Property Description

Ttl Apx SqFt Bldg: 5998 # of Buildings: 2 Uncvrd Parking Spcs: 15 Lot Size Dimensions: Irregular Flood Zone: No Year Built: 2005 Zoning: C-2

Legal Info

Range: 2E Section: 8 Township: 2N Lot Number: 22

Construction

Brick: 1 Stucco: 1

Roofing

Metal: 1

Floors

Vinyl: 1 Ceramic Tile: 1 Carpet: 1

Income & Expenses

Annual Elec Exp: 1734.24 Annual Ins Exp: 856 Annual Landscape Exp: 1800 Annual Wtr/Swr Exp: 1400.88 Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 15023.12 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Commercial: 1 Office: 1

Business Type

Service Business: 1 Professional/Office: 1

Stories

1 Story: 1

Pmt & Rate Info

Equity: 1200000 Total Owed: 0

Lockbox Type

None: 1

Ceiling Height

8.1 Feet to 10 Feet: 1

Heating

Heat Pump: 1

Cooling

Central Air: 1

Interior Features

Public Restrooms: 1

Loading Facilities

Truck Well: 1

Exterior

Corner Lot: 1 Landscaping: 1 Building Sign: 1

Source of Fincl Data

Owner: 1

Fencing

Block: 1

Water Source

City Franchise: 1

Freeway/Highway

2.1 - 5 Miles: 1

Building Features

Conference Room: 1 Reception Room: 1 Kitchen: 1 Security Gate: 1 Display Window(s): 1

Sewer

Sewer - Public: 1

Railroad

RlRd up to 1 Mile: 1

Parking Features

Fenced: 1 Free: 1 Private: 1 Other: 1

Electric

SRP: 1

Gas

SW Gas: 1

New Financing

Cash to Loan: 1 1031 Exchange: 1 Other (See Remarks): 1

Reports/Disclosures

Seller Prop Disc Stm: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 623-979-0065

Sold Info

Loan Type: Conventional Loan Years: 30 Payment Type: Fixed Clsing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: 59th Ave and Glendale Directions: E Glendale Ave. S on 55th, parking lot is in the back Geo Lat: 33.538356 Geo Lon: -112.178356

Status Change Info

Off Market Date: 2023-07-25 Under Contract Date: 2023-05-18 Close of Escrow Date: 2023-07-31 Sold Price: $1,075,000

Property Features

Building Type: Commercial; Office Business Type: Service Business; Professional/Office Stories: 1 Story Construction: Stucco; Brick Roofing: Metal Floors: Vinyl; Ceramic Tile; Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump Cooling: Central Air Loading Facilities: Truck Well Interior Features: Public Restrooms Exterior: Corner Lot; Landscaping; Building Sign Fencing: Block Building Features: Conference Room; Reception Room; Kitchen; Security Gate; Display Window(s) Parking Features: Fenced; Free; Private; Other Electric: SRP Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public Railroad: RlRd up to 1 Mile New Financing: Cash to Loan; 1031 Exchange; Other (See Remarks) Lockbox Type: None Source of Fincl Data: Owner Environmental: None

Listing Office: Century 21 Northwest

Last Updated: August - 01 - 2023