311 N MAIN Street, Eloy, AZ 85131
$199,000
Property Type:
Comm/Industry Sale
Square Footage:
2,220
Lot Size (sq. ft.):
2,500
Status:
Active
Current Price:
$199,000
List Date:
11/02/2023
Last Modified:
5/11/2024
Description
Exciting Commercial Opportunity on Main Street! $100k discount if all three buildings are purchased together. Located in downtown Eloy on Main Street, and near the corner with Frontier, providing excellent visibility, foot traffic, and vehicle traffic. Eloy is growing, don't miss this opportunity to be a part of growth and secure your location before it's gone! Currently setup as an office space with 2,220 SF. Street parking out front. STRONG RENTAL DEMAND and low supply. $12/SF/year in range along with 8-10% CAP rates. Lots of growth nearby with Lucid, Nikola, Kohler, and Proctor & Gamble, among others! **Package Deal for Buying the entire building**
More Information MLS# 6625457
Contract Info
Current Price: $199,000
List Price: $199,000
Status: Active
List Date: 2023-11-01
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 311
Compass: N
Street Name: MAIN
St Suffix: Street
City/Town Code: Eloy
State/Province: AZ
Zip Code: 85131
Zip4: 2511
Country: USA
County Code: Pinal
Legal Description (Abbrev): LOT 6 BLOCK 42 COTTON CITY (PROPER) CAB 2 SLD 8
Subdivision: COTTON CITY (PROPER)
Assessor's Map #: 3
Assessor's Parcel #: 42
Add'l Parcels: No
Assessor Number: 405-03-042
Census Tract: 2003
Legal: LOT 6 BLOCK 42 COTTON CITY (PROPER) CAB 2 SLD 8
Tax Municipality: Eloy
Taxes: 2358
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 2220
# of Buildings: 1
Year Built: 1948
Uncvrd Parking Spcs: 5
Zoning: C-2
Flood Zone: TBD
Remarks & Misc
Cross Street: Frontier & Main Street
Directions: From Frontier, North on Main Street to property on east side of Rd.
Geo Lat: 32.75239
Geo Lon: -111.554514
Status Change Info
Status Change Date: 2023-11-01
Legal Info
Township: 08S
Range: 08E
Section: 06
Lot Number: 6
Income & Expenses
Owner Association: No
Operating Exp: 2358
Gross Annual Sch Inc: 27000
Vacancy Allowance: 0.05
Adjusted Gross Inc: 25650
Net Operating Income: 25650
Pmt & Rate Info
Cap Rate: 11.4
Equity: 225000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Current Use: Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Tile; Rolled
Floors: Vinyl; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Natural Gas
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Public Restrooms
Exterior: Building Sign
Fencing: None
Amenities: Conference Room; Reception Room; Kitchen; Display Window(s)
Parking: Public Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Railroad: RlRd up to 1 Mile
New Financing: Cash Only; Owner May Carry; Lease Option/Purchse; Lease
Lockbox Type: Supra (ARMLS); Mech-box / Combo
Source of Fincl Data: Projected Proforma
Existing 1st Loan: Treat as Free&Clear
Roads/Streets: Asphalt
Traffic Count: 5,001 to 15,000
Reports/Disclosures: None
Environmental: None
Listing Office: Realty Executives Arizona Territory
Last Updated: May - 11 - 2024
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