6710 N 59TH Avenue, Glendale, AZ 85301

$525,000
Property Type: Comm/Industry Sale Square Footage: 1,038 Lot Size (sq. ft.): 18,000 Status: Closed
Current Price: $525,000 List Date: 4/29/2023 Last Modified: 5/03/2023

Overview

Description

Property consists of two parcels (144-10-086 and 144-10-087) for a combined total of 18,000 sf. Steel stud frame structure. Four bays. Current use is automotive repair, auto glass repair, and welding shop. Fully rented. Monthly rent is $4.465. One tenant has been there for 18 years. Desirable property due to high visibility and traffic. Easy to manage and easy to rent. DRIVE BY ONLY. PLEASE DO NOT DISTURB TENANTS

Listing Details MLS# 6528089

Location, Tax & Legal

Map Code/Grid
N32
House Number
6710
Compass
N
Street Name
59TH
St Suffix
Avenue
City/Town Code
Glendale
State/Province
AZ
Zip Code
85301
Zip4
3206
Country
US
County Code
Maricopa
Subdivision
ORCHARD ADD BLK 20-21-22 & 38-39-40 AMD
Assessor Number
144-10-087
Tax Year
2022
Assessor's Map #
10
Legal Description (Abbrev)
LOT 11 BLOCK 38 ORCHARD ADD BLK 20-21-22 & 38-39-40 AMD MCR 000336
Assessor's Parcel #
87
Add'l Parcels
Yes
Tax Municipality
Glendale
Census Tract
92801
Taxes
3782
Legal
LOT 11 BLOCK 38 ORCHARD ADD BLKS 1,2,3,4 AMD MCR 000336 and LOT 10 BLOCK 38 ORCHARD ADD AMD PLAT OF BLKS 1,2,3,4

Contract Info

Ownership
Fee Simple

General Property Description

Type of Property
Commercial
Ttl Apx SqFt Bldg
1038
# of Buildings
3
Lot Size Dimensions
100x180
Year Built
1961
Zoning
C-2
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Glendale Ave
Directions
From Glendale Ave go south on 59th Ave to the property

Status Change Info

Off Market Date
2023-04-29
Under Contract Date
2023-03-26
Close of Escrow Date
2023-05-02

Legal Info

Township
2N
Range
2E
Section
7
Lot Number
10 and 11

More Information

Bay Info

# of Bays
4

Income Expenses

Gross Annual Sch Inc
53580
Net Operating Income
48000

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
Metal
Yes

Roofing

Rolled
Yes

Floors

Concrete
Yes

Income & Expenses

Annual Wtr/Swr Exp
1767
Owner Association
No
Annual Ownr Asoc Fee
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
53580

Building Type

Commercial
Yes

Business Type

Mixed
Yes
Automobile
Yes
Other
Yes
See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Cap Rate
8.01
Equity
599000
Total Owed
0

Showing Notification Methods

Text
Yes

Lockbox Type

None
Yes

Ceiling Height

10.1 Feet to 12 Feet
Yes

Heating

Electric
Yes

Cooling

Office Evap
Yes

Interior Features

Private Restrooms
Yes

Loading Facilities

None
Yes

Road Surface Type

Asphalt
Yes

Exterior

Curb(s) & Gutter(s)
Yes
Pole Sign
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

25,001 to 35,000
Yes

Fencing

Block
Yes
Chain Link
Yes

Water Source

City Franchise
Yes

Freeway/Highway

2.1 - 5 Miles
Yes

Sewer

Sewer - Public
Yes
Sewer-In & Connected
Yes

Railroad

Available
Yes

Parking Features

Paved
Yes

Electric

SRP
Yes
220 Volts
Yes

Gas

None
Yes

New Financing

Cash Only
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 Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
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 Business Type: Mixed; Automobile; Other; See Remarks Stories: 1 Story Construction: Block; Metal Roofing: Rolled Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet Cooling: Office Evap Loading Facilities: None Interior Features: Private Restrooms Exterior: Curb(s) & Gutter(s); Pole Sign Fencing: Block; Chain Link Parking Features: Paved Electric: SRP; 220 Volts Gas: None Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Railroad: Available New Financing: Cash Only Showing Notification Methods: Text Lockbox Type: None 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 Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 25,001 to 35,000 Environmental: None
IDX
Listing Office: Luxury International Properties
Last Updated: May - 03 - 2023
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