7154 N 58TH Drive, Glendale, AZ 85301
$535,000
Property Type:
Comm/Industry Sale
Square Footage:
5,700
Lot Size (sq. ft.):
14,000
Status:
Closed
Current Price:
$535,000
List Date:
1/05/2016
Last Modified:
4/22/2019
Description
Zoned for “live-work”, this historic beauty is in the heart of the historic Catlin Court walkable shopping district. In fact, it’s the most distinctive building in the area. Originally a church, the building has been most recently used as an attractive event space. It would also be an ideal setting for a restaurant or market. Records have it at 3,049 sq feet, but a full basement brings the actual footage to almost 6,000 sq feet - ample room for a commercial kitchen. It’s had extensive remodeling with new AC’s and copper plumbing, and has five bathrooms! A block away there is new condo development planned. The Westgate entertainment complex, Cardinal’s stadium, Coyotes’ stadium, and new casino are all nearby.
More Information MLS# 5378672
Contract Info
Ownership: Fee Simple
Current Price: $535,000
Sold Price: $535,000
Status: Closed
List Date: 2016-01-05
Location, Tax & Legal
Assessor's Map #: 26
Legal Description (Abbrev): GLENDALE BLKS 26-28
Assessor's Parcel #: 31
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 92500
Taxes: 3764
Legal: GLENDALE AMD PLAT MCR 2-49 LOTS 2 & 3 BLK 3
Map Code/Grid: M31
House Number: 7154
Compass: N
Street Name: 58TH
St Suffix: Drive
City/Town Code: Glendale
State/Province: AZ
Zip Code: 85301
Zip4: 2460
County Code: Maricopa
Subdivision: GLENDALE BLKS 26-28
Catlin Court Historic District
Assessor Number: 147-26-031-B
Tax Year: 2015
General Property Description
Ttl Apx SqFt Bldg: 5700
# of Buildings: 1
Uncvrd Parking Spcs: 5
Year Built: 1925
Zoning: PAD
Legal Info
Range: 2E
Section: 5
Township: 2N
Lot Number: 2
Construction
Brick: 1
Roofing
Composition: 1
Floors
Concrete: 1
Wood: 1
Ceramic Tile: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1700
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: 3000
Other Income: 2964
Vacancy Allowance: 0.08
Adjusted Gross Inc: 60134.88
Building Type
Commercial: 1
Other (See Remarks): 1
Business Type
Mixed: 1
Service Business: 1
Restaurant: 1
Professional/Office: 1
Retail: 1
Stories
2 Stories: 1
Pmt & Rate Info
Cap Rate: 9.6
Down Payment: 0
Equity: 598000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
12.1 Feet to 14 Feet: 1
Heating
Heat Pump: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Fire Sprinklers: 1
Security Light(s): 1
Private Restrooms: 1
Public Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Sprinkler System-Ground: 1
Landscaping: 1
Building Sign: 1
Security Light(s): 1
Source of Fincl Data
Owner: 1
Fencing
Other: 1
See Remarks: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Private: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Cash to Loan: 1
Other (See Remarks): 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Cash
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. & Glendale Ave.
Directions: North on 59th Ave, east on Palmaire, north on 58th Dr to property.
Geo Lat: 33.541401
Geo Lon: -112.184953
Status Change Info
Off Market Date: 2016-04-05
Under Contract Date: 2016-02-09
Close of Escrow Date: 2016-04-30
Sold Price: $535,000
Income Expenses
Gross Annual Sch Inc: 62400
Net Operating Income: 57408
Property Features
Building Type: Commercial; Other (See Remarks)
Business Type: Mixed; Service Business; Restaurant; Professional/Office; Retail
Stories: 2 Stories
Construction: Brick
Roofing: Composition
Floors: Concrete; Wood; Ceramic Tile
Ceiling Height: 8.1 Feet to 10 Feet; 12.1 Feet to 14 Feet
Heating: Heat Pump
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Fire Sprinklers; Security Light(s); Private Restrooms; Public Restrooms
Exterior: Sprinkler System-Ground; Landscaping; Building Sign; Security Light(s)
Fencing: Other; See Remarks
Parking Features: Free; Private; Paved
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash to Loan; Other (See Remarks)
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:
GPCI AZ
Last Updated: April - 22 - 2019
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