8040 N 43RD Avenue, Glendale, AZ 85302 (MLS# 6519666)

8040 N 43RD Avenue, Glendale, AZ 85302

$1,900,000

Property Type: Comm/Industry Sale Square Footage: 7,344 Lot Size (sq. ft.): 60,026 Status: Closed

Current Price: $1,900,000 List Date: 2/12/2023 Last Modified: 11/13/2023

Description

Freestanding restaurant/banquet building that seats upwards of 300 people. This building features 1,100 SF of banquet/lounge/dance space and 2,100 SF of main dining area. Huge lot and C-2 zoning allows for expansion. Two kitchens w/dual walk-in refrigerators. Parking lot is available for 125 vehicles and has been recently resurfaced along with roof.

More Information MLS# 6519666

Contract Info

Ownership: Fee Simple Current Price: $1,900,000 Sold Price: $1,900,000 Status: Closed List Date: 2023-02-12

Location, Tax & Legal

Assessor's Map #: 11 Legal Description (Abbrev): BEG N 400F & W 55F OF SE COR SEC W 325F S 145F W 70F N 145F E 39F N 140F E 356F S 140F TO POB Assessor's Parcel #: 1 Assessor Parcel Ltr: W Add'l Parcels: No Tax Municipality: Glendale Census Tract: 92309 Taxes: 15716 Legal: BEG N 400F & W 55F OF SE COR SEC W 325F S 145F W 70F N 145F E 39F N 140F E 356F S 140F TO POB Map Code/Grid: M32 House Number: 8040 Compass: N Street Name: 43RD St Suffix: Avenue City/Town Code: Glendale State/Province: AZ Zip Code: 85302 Zip4: 6601 County Code: Maricopa Assessor Number: 148-11-001-W Tax Year: 2022

General Property Description

Ttl Apx SqFt Bldg: 7344 # of Buildings: 1 Uncvrd Parking Spcs: 125 Year Built: 1972 Zoning: C2

Legal Info

Range: 2E Section: 33 Township: 3N

Construction

Block: 1 Stucco: 1

Roofing

Tile: 1

Floors

Concrete: 1 Vinyl: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 15716 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0

Building Type

Commercial: 1

Business Type

Other: 1

Stories

1 Story: 1

Pmt & Rate Info

Equity: 2185000 Total Owed: 0

Lockbox Type

None: 1

Ceiling Height

10.1 Feet to 12 Feet: 1

Heating

Natural Gas: 1

Cooling

Central Air: 1

Interior Features

Finished: 1 Fire Sprinklers: 1 Smoke Detector(s): 1 Security Light(s): 1 Security Camera(s): 1 Alarm System: 1 Phone System: 1 Private Restrooms: 1

Loading Facilities

Grade Level: 1

Exterior

Sprinkler System-Ground: 1 Security Light(s): 1 Security Camera(s): 1

Source of Fincl Data

Other (See Remarks): 1

Traffic Count

75,001 to 100,000: 1

Fencing

Other: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1 Private: 1 Paved: 1

Electric

SRP: 1

Gas

SW Gas: 1

New Financing

Other (See Remarks): 1

Existing 1st Loan

Other (See Rmks): 1

Reports/Disclosures

None: 1

Environmental

None: 1

Sold Info

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

Remarks Misc

Cross Street: Northern & 43rd Avenue Directions: North to property on west side of street. Geo Lat: 33.554332 Geo Lon: -112.152438

Status Change Info

Off Market Date: 2023-04-03 Under Contract Date: 2023-04-03 Close of Escrow Date: 2023-06-26 Sold Price: $1,900,000

Property Features

Building Type: Commercial Business Type: Other Stories: 1 Story Construction: Block; Stucco Roofing: Tile Floors: Concrete; Vinyl Ceiling Height: 10.1 Feet to 12 Feet Heating: Natural Gas Cooling: Central Air Loading Facilities: Grade Level Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security Light(s); Security Camera(s); Alarm System; Phone System; Private Restrooms Exterior: Sprinkler System-Ground; Security Light(s); Security Camera(s) Fencing: Other Parking Features: Free; Private; Paved Electric: SRP Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Lockbox Type: None Source of Fincl Data: Other (See Remarks) Existing 1st Loan: Other (See Rmks) Traffic Count: 75,001 to 100,000 Environmental: None

Listing Office: Gile Commercial Real Estate

Last Updated: November - 13 - 2023