640 E PURDUE Avenue, Phoenix, AZ 85020 (MLS# 6739731)

640 E PURDUE Avenue, Phoenix, AZ 85020

$1,600,000

Property Type: Comm/Industry Sale Square Footage: 6,271 Lot Size (sq. ft.): 12,183 Status: Closed

Current Price: $1,600,000 List Date: 8/05/2024 Last Modified: 11/12/2024

Overview

Description

Nestled within the vibrant business hub of Phoenix, this exceptional commercial office building epitomizes the epitome of opportunity and sophistication. Offering the flexibility of purchase or lease, with options to occupy the entire building or individual suites, this property caters to businesses of all sizes and stages. Security is paramount with the inclusion of a gated parking lot, providing tenants with peace of mind for their assets. Recently renovated with meticulous attention to detail, the building exudes modern elegance. Notably, one of the suites features a full kitchen, allowing for versatile customization or owner utilization. Beyond its aesthetic appeal, this property stands as a beacon of investment opportunity, with its prime location, and extensive upgrades

Listing Details MLS# 6739731

Location, Tax & Legal

House Number: 640
Compass: E
Street Name: PURDUE
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2053
Country: US
County Code: Maricopa
Subdivision: TENGEN PLACE ADDITION
Assessor Number: 159-45-043
Tax Year: 2023
Assessor's Map #: 45
Assessor's Parcel #: 43
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104600
Taxes: 10597
Legal: TENGEN PLACE ADD LOT 11 BLK D W 90'

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 6271
# of Buildings: Yes
Year Built: 1984
Uncvrd Parking Spcs: 19
Zoning: Commercial/C-1

Remarks Misc

Cross Street: Dunlap Ave and 7th Street
Directions: North on 7th Street to Purdue Ave-East on Purdue Ave to the property

Status Change Info

Off Market Date: 2024-09-19
Under Contract Date: 2024-09-18
Close of Escrow Date: 2024-11-11

Legal Info

Township: 3N
Range: 3E
Section: 29
Lot Number: 11

More Information

Showing Notification Methods

Showing Service: Aligned Showings

Sold Info

Loan Type: SBA
Loan Years: 20
Payment Type: Fixed
Clsing Cost Split: Seller Paid - S
Buyer Concession $/%: %
Seller Concession $/%: %
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Construction

Stucco: Yes
Metal: Yes
Wood Frame: Yes

Roofing

Built-Up: Yes

Floors

Carpet: Yes
Other: 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
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes
Office: Yes

Business Type

Dental: Yes
Medical: Yes
Professional/Office: Yes
Other: Yes
See Remarks: Yes

Stories

2 Stories: Yes

Pmt & Rate Info

Equity: 1449000
Total Owed: 0

Lockbox Type

See Private Remarks: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes

Cooling

Central Air: Yes
Office A/C: Yes

Interior Features

Finished: Yes
Smoke Detector(s): Yes
Security System: Yes
Security Camera(s): Yes
Alarm System: Yes
Phone System: Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Fencing

Block: Yes
Partial: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Over 5.1 Miles: Yes

Building Features

Conference Room: Yes
Reception Room: Yes
Clean Room: Yes
Showroom: Yes
Cafeteria: Yes
Kitchen: Yes
Computer Room: Yes
Security Gate: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Private: Yes
Paved: Yes

Electric

APS: Yes

Gas

None: Yes

New Financing

Cash Only: Yes
Owner May Carry: Yes

Special

Owner/Agent: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: 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: Dental; Medical; Professional/Office; Other; See Remarks Stories: 2 Stories Construction: Stucco; Metal; Wood Frame Roofing: Built-Up Floors: Carpet; Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump Cooling: Central Air; Office A/C Loading Facilities: None Interior Features: Finished; Smoke Detector(s); Security System; Security Camera(s); Alarm System; Phone System; Private Restrooms Fencing: Block; Partial Building Features: Conference Room; Reception Room; Clean Room; Showroom; Cafeteria; Kitchen; Computer Room; Security Gate Parking Features: Free; Private; Paved Electric: APS Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Owner May Carry Lockbox Type: See Private Remarks Special: Owner/Agent Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Environmental: None

Listing Office: JK Realty

Last Updated: November - 12 - 2024