695 N ARIZONA Avenue, Chandler, AZ 85225

$1,100,000
Property Type: Comm/Industry Sale Square Footage: 11,412 Lot Size (sq. ft.): 29,675 Status: Closed
Current Price: $1,100,000 List Date: 11/21/2023 Last Modified: 2/16/2024

Overview

Description

The Casa Blanca Motel is a 26-unit apartment / motel property (including the manager's residence) located a little over half a mile north of the vibrant Downtown Chandler area. Downtown Chandler, also known as ''The DC'', has gone through gentrification and revitalization over the past number of years to become one of the coolest, most hip, and popular downtown areas in the state. Downtown Chandler is a vibrant community featuring eclectic shops, enticing restaurants, and exciting events throughout the year. From fine art to popular breweries, you can find it all. The architecture of The DC makes it a unique area to visit, with original buildings from the early 1900s to the award-winning, modern City Hall.

Supplements: The walkability of The DC makes it a great place to visit for an afternoon, as well as after dark when the nightlife comes alive in the pubs, lounges, and eateries. Locals, as well as out-of-towners, visit The DC throughout the year to discover the art, culture, food, and entertainment that it brings to the heart of Chandler. The Casa Blanca Motel ...

Listing Details MLS# 6625699

Location, Tax & Legal

House Number
695
Compass
N
Street Name
ARIZONA
St Suffix
Avenue
City/Town Code
Chandler
State/Province
AZ
Zip Code
85225
Zip4
6950
Country
US
County Code
Maricopa
Subdivision
LUNDQUIST MANOR
Assessor Number
302-66-018
Tax Year
2023
Assessor's Map #
66
Legal Description (Abbrev)
LOT 1 BLOCK 2 LUNDQUIST MANOR MCR 003939
Assessor's Parcel #
18
Add'l Parcels
Yes
Tax Municipality
Chandler
Census Tract
522903
Taxes
11262
Legal
LOT 1 BLOCK 2 LUNDQUIST MANOR MCR 003939

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
11412
# of Buildings
10
Year Built
1934
Zoning
C3
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
N Arizona Ave & Chandler Blvd
Directions
North on Arizona Ave to property on SE corner of Arizona Ave & E. Harrison St.

Status Change Info

Off Market Date
2024-01-09
Under Contract Date
2024-01-09
Close of Escrow Date
2024-02-16

Legal Info

Township
1S
Range
5E
Section
27
Lot Number
Yes

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Phone Call
Yes

Sold Info

Loan Type
Other
Payment Type
Other
Clsing Cost Split
Normal - N
Buyer Concession to Seller
2
Buyer Concession $/%
%
Seller Concession $/%
%
Seller Concession to Buyer
0

Construction

Other
Yes

Roofing

Other
Yes

Floors

Other
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Other (See Remarks)
Yes

Business Type

See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Equity
1799000
Total Owed
0

Lockbox Type

None
Yes

Ceiling Height

8 Feet or Less
Yes

Heating

Other
Yes

Cooling

Other
Yes

Interior Features

Other (See Remarks)
Yes

Loading Facilities

None
Yes

Exterior

Corner Lot
Yes
Other (See Remarks)
Yes

Source of Fincl Data

Other (See Remarks)
Yes

Fencing

Other
Yes

Water Source

City Franchise
Yes

Freeway/Highway

Other (See Remarks)
Yes

Sewer

Sewer - Public
Yes

Parking Features

Other
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Cash Only
Yes
Cash to Loan
Yes
1031 Exchange
Yes
Other (See Remarks)
Yes

Use Restrictions

Other (See Remarks)
Yes

Reports/Disclosures

Other (See Remarks)
Yes

Environmental

Other (See Remarks)
Yes

Property Features

Building Type: Commercial; Other (See Remarks) Business Type: See Remarks Stories: 1 Story Construction: Other Roofing: Other Floors: Other Ceiling Height: 8 Feet or Less Heating: Other Cooling: Other Loading Facilities: None Interior Features: Other (See Remarks) Exterior: Corner Lot; Other (See Remarks) Fencing: Other Parking Features: Other Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange; Other (See Remarks) Showing Notification Methods: Text; Phone Call Lockbox Type: None Source of Fincl Data: Other (See Remarks) Use Restrictions: Other (See Remarks) Environmental: Other (See Remarks)
IDX
Listing Office: ABI Multifamily
Last Updated: February - 16 - 2024
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