$275,000
Youngtown, AZ 85363
MLS# 5843648
Status: Closed
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Property Description
Great opportunity for an investment. This one could be owner occupant or a buy and hold income property. The building is currently fully leased but at rents much lower than market rate. Building is a solid block building with 4 tenable spaces. Each space has a private bathroom. Two of the spaces have a modified breakroom/kitchen area. Tremendous amount of parking. Many other small businesses line this street.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $275,000
Sold Price: $275,000
Status: Closed
List Date: 2018-11-06
Location, Tax & Legal
Assessor's Map #: 85
Legal Description (Abbrev): LOT 78 YOUNGTOWN PLAT 5A MCR 009226
Assessor's Parcel #: 63
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Youngtown
Census Tract: 71600
Taxes: 2993
Legal: LOT 78 YOUNGTOWN PLAT 5A MCR 009226
Map Code/Grid: L30
House Number: 11115
Compass: W
Street Name: NEVADA
St Suffix: Avenue
City/Town Code: Youngtown
State/Province: AZ
Zip Code: 85363
Zip4: 1217
County Code: Maricopa
Subdivision: YOUNGTOWN PLAT 5A
Assessor Number: 200-85-063-A
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 3072
# of Buildings: 1
Uncvrd Parking Spcs: 36
Year Built: 1962
Zoning: C-1
Legal Info
Range: 1E
Section: 18
Township: 3N
Lot Number: 78
Construction
Block: 1
Roofing
Rolled: 1
Floors
Concrete: 1
Ceramic Tile: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
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: 1020
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 4013
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Mixed: 1
Service Business: 1
Religious Facility: 1
Professional/Office: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 5.36
Down Payment: 0
Equity: 300000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8 Feet or Less: 1
Heating
Heat Pump: 1
Cooling
Heat Pump: 1
Interior Features
Finished: 1
Private Restrooms: 1
Loading Facilities
None: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Exterior
Curb(s) & Gutter(s): 1
Building Sign: 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
Private: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Railroad
RlRd up to 1 Mile: 1
Parking Features
Free: 1
Private: 1
Paved: 1
Electric
APS: 1
Individual Meter: 1
220 Volts: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Existing 1st Loan
Private: 1
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Use Restrictions
Currently Leased: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Boundary Survey Avlb: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Home Phn: 602-697-0730
Sold Info
Loan Type: Cash
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: 111th Ave and Grand
Directions: Grand Ave to 111th Ave, south to Nevada, west to property.
Geo Lat: 33.596428
Geo Lon: -112.299419
Status Change Info
Off Market Date: 2019-03-14
Under Contract Date: 2019-02-05
Close of Escrow Date: 2019-03-13
Sold Price: $275,000
Income Expenses
Net Operating Income: 16080
Property Features
Building Type: Commercial
Business Type: Mixed; Service Business; Religious Facility; Professional/Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Rolled
Floors: Concrete; Ceramic Tile
Ceiling Height: 8 Feet or Less
Heating: Heat Pump
Cooling: Heat Pump
Loading Facilities: None
Interior Features: Finished; Private Restrooms
Exterior: Curb(s) & Gutter(s); Building Sign
Fencing: None
Parking Features: Free; Private; Paved
Road Access Type: Alley
Electric: APS; Individual Meter; 220 Volts
Gas: SW Gas
Water Source: Private
Sewer: Sewer - Public
Railroad: RlRd up to 1 Mile
New Financing: Cash Only
Source of Fincl Data: Owner
Existing 1st Loan: Private; Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Use Restrictions: Currently Leased
Environmental: None
Listing Office: RE/MAX Professionals
Last Updated: January - 13 - 2026
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