$430,000
Phoenix, AZ 85007
MLS# 6076923
Status: Closed
1 / 39
Property Description
Unique dual purpose commercial and residential combinations. Great downtown location, high traffic count and surrounded by residential apartments and homes. 1500 square foot commercial building, 1200 square foot 3 bedroom 2 bathroom single family home, plus bonus vacant lot. 2 parcels included at asking price. Live in the house while you operate and keep an eye on your business, for a great dual purpose opportunity. Situated in the City designated RDA (Redevelopment Area). Zoned C-3. This is a unique property with several possibilities, must see to appreciate. Currently tenant occupied with interim tenant, drive by only.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $430,000
Sold Price: $430,000
Status: Closed
List Date: 2020-05-09
Location, Tax & Legal
Assessor's Map #: 11
Legal Description (Abbrev): LOT 1 BLOCK 14 IRVINE ADD 17-18, 23-26 MCR 000129
Assessor's Parcel #: 87
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 114302
Taxes: 4375
Legal: LOT 1 BLOCK 14 IRVINES ADDITION BLOCKS 17-18 & 23-26 MCR 000129
Map Code/Grid: Q34
House Number: 1101
Compass: W
Street Name: GRANT
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3410
County Code: Maricopa
Subdivision: IRVINE ADD 17-18, 23-26
Assessor Number: 112-11-087
Tax Year: 2019
General Property Description
Ttl Apx SqFt Bldg: 3034
# of Buildings: 2
Uncvrd Parking Spcs: 2
Year Built: 1936
Zoning: C-G/Commercial
Legal Info
Range: 3E
Section: 7
Township: 1N
Lot Number: 1
Construction
Block: 1
Roofing
Composition: 1
Metal: 1
Floors
Concrete: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 1200
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: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 44400
Building Type
Commercial: 1
Business Type
Religious Facility: 1
Retail: 1
Bar/Tavern/Lounge: 1
Other: 1
See Remarks: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 6.75
Down Payment: 0
Equity: 575000
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Ceiling Height
14.1 Feet to 16 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Smoke Detector(s): 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Concrete: 1
Exterior
Corner Lot: 1
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
Not Available: 1
Fencing
Chain Link: 1
Water Source
City Franchise: 1
Freeway/Highway
Frontage: 1
Sewer
Sewer - Public: 1
Parking Features
Fenced: 1
Free: 1
Parking Lot: 1
Private: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Cash Only: 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
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
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: W Grant and 11th Ave
Directions: SW corner of W Grant and 11th Avenue
Geo Lat: 33.440562
Geo Lon: -112.087137
Status Change Info
Off Market Date: 2021-02-12
Under Contract Date: 2020-12-11
Close of Escrow Date: 2021-02-11
Sold Price: $430,000
Income Expenses
Gross Annual Sch Inc: 44400
Net Operating Income: 38825
Property Features
Building Type: Commercial
Business Type: Religious Facility; Retail; Bar/Tavern/Lounge; Other; See Remarks
Stories: 1 Story
Construction: Block
Roofing: Composition; Metal
Floors: Concrete
Ceiling Height: 14.1 Feet to 16 Feet
Cooling: Central Air
Loading Facilities: None
Interior Features: Finished; Smoke Detector(s)
Exterior: Corner Lot; Curb(s) & Gutter(s); Sidewalk(s)
Fencing: Chain Link
Parking Features: Fenced; Free; Parking Lot; Private
Electric: APS
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Showing Notification Methods: Phone Call
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; Concrete
Traffic Count: Not Available
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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