925 E Apache Drive 1, Tempe, AZ 85281

$1,175,000
Property Type: Land Lot Size (sq. ft.): 14 Status: Closed
Current Price: $1,175,000 List Date: 9/03/2015 Last Modified: 1/13/2025

Overview

Description

Less than 3 years old construction w/ 14 dedicated parking -across the street from ASU. Turnkey opportunity as bar/restaurant with Class-6 license or an investor convert the building for chain use - bosa donuts etc. Location is next to\across from largest multi-family housing in Tempe and 2 blocks from the light rail. Marriott conversion next lot over & large drug chain is currently looking to build next door for new high end store. Apache is the true commercial district with great traffic and walk to clientle. The closest bar to ASU if you want to serve liquor. not many opportunities to own commercial around ASU. This IS IT & new building needs no maintenance. 14 dedicated parking spaces. NO OTHER PROPERTIES LIKE THIS FOR SALE

Listing Details MLS# 5329280

Location, Tax & Legal

Map Code/Grid
R37
House Number
925
Compass
E
Street Name
Apache
St Suffix
Drive
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
5817
Country
US
County Code
Maricopa
Assessor Number
133-10-122
Subdivision
DISTRICT ON APACHE
Tax Year
2015
Lot #
Yes
Assessor's Map #
10
Legal Description (Abbrev)
DISTRICT ON APACHE MCR 1105-27
Assessor's Parcel #
122
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
319104
Taxes
14000

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
11304
Apx Total Acres G/N
G
Price Per Acre
132.7
# Lots in Listing
11301
Apx SqFt
14
Price Per SqFt
107142.86
Apx SqFt G/N
G
Lot Size Dimensions
Restaurant Bar
Zoning
Commercial
Elementary School District
Tempe Elementary School District
High School District
Tempe Union High School District
Elementary School
Broadmor Elementary School
Jr. High School
Connolly Middle School
High School
McClintock High School

Remarks Misc

Cross Street
Rural and Apache
Directions
East on Apache to property located on the South side of the street next to the Tempe Chamber of Commerce

Status Change Info

Off Market Date
2016-01-14
Under Contract Date
2015-12-01
Close of Escrow Date
2015-12-31

Legal Info

Lot Number
Yes

More Information

Sold Info

Loan Type
Cash
Closing Cost Split
Normal - N
Payment Type
Fixed
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
1500000
Total Owed
0

Assoc/Prop Info

HOA Y/N
N
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Existing Land Use

Commercial Lot
Yes

Zoned Presently

Commercial
Yes

Parcel Size

.25 - .49 Acres
Yes

Fencing

Other
Yes
See Remarks
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Railroad

Rail Served
Yes

Electric

APS
Yes
Master Meter
Yes
Generator
Yes

Topography

Level
Yes

Gas

SW Gas
Yes

Existing Structures

Other
Yes
See Remarks
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Existing 1st Loan Type

Fixed
Yes

Distance to Gas

On Property
Yes

Existing 1st Loan Terms

Non Assumable
Yes

Distance to Sewer

On Property
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Fixed
Yes

Existing 2nd Loan Terms

Non Assumable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Fixed
Yes

Reports/Disclosures

Other (See Rmks)
Yes

Existing 3rd Loan Terms

Non Assumable
Yes

Environmental

Other (See Rmks)
Yes

Existing Other Loan

Not Applicable
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Commercial Lot Zoned Presently: Commercial Parcel Size: .25 - .49 Acres Railroad: Rail Served Topography: Level Existing Structures: Other; See Remarks Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Master Meter; Generator Gas: SW Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Fixed Existing 2nd Loan Terms: Non Assumable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Fixed Existing 3rd Loan Terms: Non Assumable Existing Other Loan: Not Applicable New Financing: Cash; Conventional; 1031 Exchange Environmental: Other (See Rmks) Fencing: Other; See Remarks
IDX
Listing Office: HomeSmart
Last Updated: January - 13 - 2025
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