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
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
More Information MLS# 5329280
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,175,000
Sold Price: $1,175,000
Status: Closed
List Date: 2015-09-02
Location, Tax & Legal
Lot #: 1
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
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
County Code: Maricopa
Assessor Number: 133-10-122
Subdivision: DISTRICT ON APACHE
Tax Year: 2015
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
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
Zoning: Commercial
Special Listing Cond
N/A: 1
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: 1
Zoned Presently
Commercial: 1
Parcel Size
.25 - .49 Acres: 1
Fencing
Other: 1
See Remarks: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Railroad
Rail Served: 1
Electric
APS: 1
Master Meter: 1
Generator: 1
Topography
Level: 1
Gas
SW Gas: 1
Existing Structures
Other: 1
See Remarks: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Fixed: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Non Assumable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Fixed: 1
Existing 2nd Loan Terms
Non Assumable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Fixed: 1
Reports/Disclosures
Other (See Rmks): 1
Existing 3rd Loan Terms
Non Assumable: 1
Environmental
Other (See Rmks): 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
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
Geo Lat: 33.414287
Geo Lon: -111.925047
Status Change Info
Off Market Date: 2016-01-14
Under Contract Date: 2015-12-01
Close of Escrow Date: 2015-12-31
Sold Price: $1,175,000
Legal Info
Lot Number: 1
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
Listing Office:
HomeSmart
Last Updated: January - 13 - 2025
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