$183,000
Apache Junction, AZ 85120
MLS# 5400270
Status: Closed
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Property Description
!!!Reduced For Quick Sale!!! Former pizza restaurant. Great opportunity for an owner occupied buyer looking for a high traffic location. Or, an investor - fair market rent will provide a very attractive CAP rate. Well maintained building in good condition - turn key. New foam roof 4 years ago. 2 Parcels included in this sale, APN's 101-15-010, 101-15-009. 1536 square foot single level building, block construction in good condition. Plus, a 6,000 square foot lot adjacent to the restaurant which includes a sign lease generating additional annual income. Excellent frontage on Apache Trail.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $183,000
Sold Price: $183,000
Status: Closed
List Date: 2016-02-16
Location, Tax & Legal
Assessor's Map #: 15
Legal Description (Abbrev): E-78.7' X 58.71' OF PCL ADJ TO LOT 10 IN APACHE ADDITION ACRES W1 /2 NW OF SEC 20-1N-8E (4800 SQ FT)
Assessor's Parcel #: 10
Add'l Parcels: Yes
Tax Municipality: Pinal - COUNTY
Census Tract: 309
Taxes: 2963
Legal: E-78.7' X 58.71' OF PCL ADJ TO LOT 10 IN APACHE ADDITION ACRES W1 /2 NW OF SEC 20-1N-8E (4800 SQ FT)
Marketing Name: Former Pizza Restaurant
Map Code/Grid: Q44
House Number: 1200
Compass: W
Street Name: APACHE
St Suffix: Trail
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85120
Zip4: 3805
County Code: Pinal
Subdivision: S20 T1N R8E
Assessor Number: 101-15-010
Tax Year: 2015
General Property Description
Type of Property: Retail Restaurant
Ttl Apx SqFt Bldg: 1536
# of Buildings: 1
Uncvrd Parking Spcs: 15
Year Built: 1960
Zoning: GR
Legal Info
Range: 08E
Section: 20
Township: 01N
Construction
Block: 1
Roofing
Foam: 1
Floors
Concrete: 1
Ceramic Tile: 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
Operating Exp: 4163
Other Income: 2400
Vacancy Allowance: 0
Adjusted Gross Inc: 20400
Building Type
Commercial: 1
Business Type
Restaurant: 1
Fast Food: 1
Retail: 1
Stories
1 Story: 1
Pmt & Rate Info
Cap Rate: 8.12
Down Payment: 0
Equity: 199900
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8 Feet or Less: 1
Heating
Natural Gas: 1
Cooling
Window/Wall Unit: 1
Office Evap: 1
Interior Features
Finished: 1
Public Restrooms: 1
Loading Facilities
None: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Dual Street Ftg: 1
Pole Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Other: 1
See Remarks: 1
Water Source
Private: 1
Freeway/Highway
2.1 - 5 Miles: 1
Building Features
Kitchen: 1
Sewer
Sewer - Private: 1
Parking Features
Free: 1
Paved: 1
Other: 1
Electric
SRP: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Cash to Loan: 1
Owner May Carry: 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: 20
Payment Type: Balloon
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Apache Trail & Ironwood
Directions: East on Apache Trail on the North Side of of the road
Geo Lat: 33.415577
Geo Lon: -111.559291
Status Change Info
Off Market Date: 2018-04-18
Under Contract Date: 2018-04-11
Close of Escrow Date: 2018-05-18
Sold Price: $183,000
Income Expenses
Gross Annual Sch Inc: 18000
Net Operating Income: 16237
Property Features
Building Type: Commercial
Business Type: Restaurant; Fast Food; Retail
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Concrete; Ceramic Tile
Ceiling Height: 8 Feet or Less
Heating: Natural Gas
Cooling: Window/Wall Unit; Office Evap
Loading Facilities: None
Interior Features: Finished; Public Restrooms
Exterior: Corner Lot; Dual Street Ftg; Pole Sign
Fencing: Other; See Remarks
Building Features: Kitchen
Parking Features: Free; Paved; Other
Electric: SRP
Gas: SW Gas
Water Source: Private
Sewer: Sewer - Private
New Financing: Cash Only; Cash to Loan; Owner May Carry
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
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 07 - 2026
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