7000 E MAIN Street, Mesa, AZ 85207

$960,000
Property Type: Comm/Industry Sale Square Footage: 6,599 Lot Size (sq. ft.): 50,218 Status: Closed
Current Price: $960,000 List Date: 8/28/2017 Last Modified: 5/23/2025

Overview

Description

The options for this property are endless. Over an acre of land just East of Power Rd on Main St. Once was the successful Red Mountain Steakhouse and was just currently Lily's on Main. Recently remodeled, new bathrooms and new exterior paint. Valuable street signage with grandfathered in rights. Large parking lot with over 70 spaces. Great split layout, can be easily modified to fit your needs. Covered patio. Multiple walk in refrigerators. Almost 7,000 sq.ft. This opportunity will not last long. This versatile property is a rare gem at this price. Set up for a Restaurant/Bar with so much potential but could be anything.

Listing Details MLS# 5652673

Location, Tax & Legal

Map Code/Grid
R42
House Number
7000
Compass
E
Street Name
MAIN
St Suffix
Street
City/Town Code
Mesa
State/Province
AZ
Zip Code
85207
Zip4
8212
Country
US
County Code
Maricopa
Assessor Number
218-13-001-K
Tax Year
2016
Assessor's Map #
13
Legal Description (Abbrev)
COM W4 COR OF SD SEC TH N ALG WLY LN OF SD SEC 30 8.47F TO A PT ON NLY R/W OF APACHE TRAIL TH S 86D
Assessor's Parcel #
1
Assessor Parcel Ltr
K
Add'l Parcels
No
Tax Municipality
Mesa
Census Tract
420113
Taxes
10191
Tax District
41
Legal
COM W4 COR OF SD SEC TH N ALG WLY LN OF SD SEC 30 8.47F TO A PT ON NLY R/W OF APACHE TRAIL TH S 86D

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
6599
Ttl Apx Net Rnt Spc
7375
# of Buildings
Yes
Lot Size Dimensions
171X283X1
Year Built
1977
Uncvrd Parking Spcs
66
Zoning
C-2

Remarks Misc

Cross Street
POWER ROAD AND E MAIN ST
Directions
POWER ROAD E ON MAIN, ON THE NORTH SIDE OF THE ROAD LEFT TURN LANE AT INTERSECTION

Status Change Info

Off Market Date
2017-12-27
Under Contract Date
2017-12-06
Close of Escrow Date
2019-12-31

Legal Info

Township
1N
Range
7E
Section
19
Lot Number
MB
Cnty Rcrd Bk & Pg #
00

More Information

Contact Info

List Agent Cell Phn2
480-797-6650

Sold Info

Loan Type
Conventional
Loan Years
3
Payment Type
Fixed
Clsing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Construction

Block
Yes

Roofing

Built-Up
Yes

Floors

Concrete
Yes
Sealed
Yes
Wood
Yes
Ceramic Tile
Yes
Carpet
Yes

Bay Info

Bay Door Height
0
Bay Door Width
0
Max Span Lineal Ft
0

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
10191
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes

Business Type

Restaurant
Yes
Food Service
Yes
Bar/Tavern/Lounge
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Down Payment
200000
Equity
999900
1st Encumbrance
0
1st Interest Rate
0
1st Payment
0
1st Payment Freq
None
2nd Encumbrance
0
2nd Payment
0
2nd Payment Freq
None
3rd Encumbrance
0
3rd Payment
0
3rd Payment Freq
None
Total Owed
0
Avg Rent P/SqFt
0
Assessment Balance
0

Ceiling Height

8.1 Feet to 10 Feet
Yes

Heating

Natural Gas
Yes

Cooling

Central Air
Yes

Interior Features

Finished
Yes
Alarm System
Yes
Private Restrooms
Yes

Loading Facilities

Grade Level
Yes

Road Surface Type

Asphalt
Yes

Exterior

Corner Lot
Yes
Dual Street Ftg
Yes
Sprinkler System-Ground
Yes
Landscaping
Yes
Pole Sign
Yes
Monument Sign
Yes
Security Light(s)
Yes

Source of Fincl Data

Unknown
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes

Building Features

Kitchen
Yes

Sewer

Sewer - Public
Yes

Parking Features

Free
Yes
Parking Lot
Yes
Paved
Yes

Electric

SRP
Yes

Gas

City Gas
Yes

New Financing

Cash Only
Yes
Cash to Loan
Yes
Owner May Carry
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

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: Restaurant; Food Service; Bar/Tavern/Lounge Stories: 1 Story Construction: Block Roofing: Built-Up Floors: Concrete; Sealed; Wood; Ceramic Tile; Carpet Ceiling Height: 8.1 Feet to 10 Feet Heating: Natural Gas Cooling: Central Air Loading Facilities: Grade Level Interior Features: Finished; Alarm System; Private Restrooms Exterior: Corner Lot; Dual Street Ftg; Sprinkler System-Ground; Landscaping; Pole Sign; Monument Sign; Security Light(s) Fencing: None Building Features: Kitchen Parking Features: Free; Parking Lot; Paved Electric: SRP Gas: City Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; Owner May Carry Source of Fincl Data: Unknown 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 Environmental: None
IDX
Listing Office: Berkshire Hathaway HomeServices Arizona Properties
Last Updated: May - 23 - 2025
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