748 N ARIZONA Avenue $1,500,000


    748 N ARIZONA Avenue Chandler, AZ 85225

    • 809 sq. ft.
    • Commercial Sale
    • MLS# 6222864
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    Views: 50 Days On Site: 403

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    Property Details

    Tire shop on 3 years lease, $3000 a month, the lease expires on 12/31/2023. This sale includes 2 parcels #302-57-048A & 302-57-048B. 6 units of 1 bed 1 bath studio residential rentals. 4 units on parcel # #302-57-048A and 2 units on parcel # #302-57-048B. Average rent is $500 per month.Unit 5 & 6 leased to the tire shop for $1000 a month, leases expire on 12/31/2023. Property sold in as is condition. OWNER AGENT.

    • General Features
      • Building Type Commercial
      • Cooling Office A/C
      • County Maricopa
      • Covered Parking Spaces 3.00
      • Cross Street Ray St. & Arizona Ave
      • Directions South on Arizona Avenue, west on west Harrison Street
      • Electric APS
      • Fencing Wire
      • Gas SW Gas
      • Heating Electric
      • Parking Private Parking
      • Roofing Foam
      • Sewer Sewer - Public
      • Subdivision VANCE ADD
      • Taxes $2,624
      • Total Approx Building SqFt 809
      • Total Approx Land SqFt 9,583
      • Uncovered Parking Spaces 6.00
      • Water City Franchise
      • YearBuilt 1960
      • Zoning C3
    • Building Features
      • Construction Metal
      • Ceiling Height 14.1 Feet to 16 Feet
      • Stories 1 Story
      • Interior Finished
      • Exterior Corner Lot,Pole Sign
      • Floors Concrete
    • Property Features
      • Total Parking Space 9.00
      • Legal Info: Lot Number 2
      • Legal Info: Township 28
      • Legal Info: Range 5E
      • Ownership Fee Simple
      • Income & Expenses: Net Operating Income 55000.00
      • Income & Expenses: Gross Annual Sch Inc 65000.00
      • Income & Expenses: Adjusted Gross Inc 66800.00



    85225 (Chandler) Demographics

    34 Median Age
    5,491 Population Density (per sq. mile)
    39% College Educated
    $62,155 Estimated Median Income
    14,927 Estimated Total Home Owners
    10,513 Estimated Total Renters
    59% / 41% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    70,356 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $475,000 Median Sales Price
    75 Homes Sold
    106 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,500,000 15.38%
        1/24/2022 2:38:50 PM Status Changed Source: Multiple Listing Service New Value: Active
        1/14/2022 6:08:41 AM Status Changed Source: Multiple Listing Service New Value: Pending
        4/16/2021 1:46:00 PM New in Database Source: Multiple Listing Service New Value: $1,300,000

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        Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Data last updated 5/24/2022 3:01:06 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Engel & Völkers Scottsdale.

        All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.