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

Overview

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.

Listing Details MLS# 6519666

Location, Tax & Legal

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
Country: US
County Code: Maricopa
Assessor Number: 148-11-001-W
Tax Year: 2022
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

Contract Info

Ownership: Fee Simple

General Property Description

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

Remarks Misc

Cross Street: Northern & 43rd Avenue
Directions: North to property on west side of street.

Status Change Info

Off Market Date: 2023-04-03
Under Contract Date: 2023-04-03
Close of Escrow Date: 2023-06-26

Legal Info

Township: 3N
Range: 2E
Section: 33

More Information

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
Stucco: Yes

Roofing

Tile: Yes

Floors

Concrete: Yes
Vinyl: Yes

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: Yes

Business Type

Other: Yes

Stories

1 Story: Yes

Pmt & Rate Info

Equity: 2185000
Total Owed: 0

Lockbox Type

None: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes

Heating

Natural Gas: Yes

Cooling

Central Air: Yes

Interior Features

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

Loading Facilities

Grade Level: Yes

Exterior

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

Source of Fincl Data

Other (See Remarks): Yes

Traffic Count

75,001 to 100,000: Yes

Fencing

Other: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Private: Yes
Paved: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

New Financing

Other (See Remarks): Yes

Existing 1st Loan

Other (See Rmks): Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

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