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    3738 E Thomas Road

    Phoenix, AZ 85018
    • $820,000
    • STATUS: Active
    • ON SITE: 443 days
    • MLS #: 6016390
    UPDATED: 32 min ago
    $820,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,703
      SQFT
    • $221
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1969
    County:
    Area:

    School Ratings & Info

    Description

    PRICE CHANGE for real estate only. Owner now willing to sell the building and land contingent on buyer leasing back to owner/business owner on agreeable terms. This will be an 8 cap off NNN rent. Owner has operated this successful bar/restaurant for many years. On a corner with traffic light on highly traversed E. Thomas Rd. Across the street from a very busy Walmart and Home Depot. In last 10 years there has been SIGNIFICANT equipment, building component replacements. Great price and a ready made successful tenant on a hard corner across from MAJOR retail with great traffic counts! It doesn't get better than this!

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Midland Real Estate Alliance. Data last updated 2021-03-08T12:12:54.003.
    www.midlandrea.com/homes/101845561
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    3738 E Thomas Road Phoenix, AZ 85018

    • Price: $820,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 6016390
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    3,703
    SQFT
    $221
    $/SQFT
    1969
    Built
    Neighborhood:
    Citrus Acres Lots 21-60
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    PRICE CHANGE for real estate only. Owner now willing to sell the building and land contingent on buyer leasing back to owner/business owner on agreeable terms. This will be an 8 cap off NNN rent. Owner has operated this successful bar/restaurant for many years. On a corner with traffic light on highly traversed E. Thomas Rd. Across the street from a very busy Walmart and Home Depot. In last 10 years there has been SIGNIFICANT equipment, building component replacements. Great price and a ready made successful tenant on a hard corner across from MAJOR retail with great traffic counts! It doesn't get better than this!
    Exterior Features

    Construction Frame - WoodStucco Covered Parking Spaces 0.00 Exterior Features Building SignCorner LotPole SignSecurity Light(S) Fencing Chain LinkPartial Freeway Highway 1.1 - 2 Miles Parking FreePaved ParkingPrivate Parking Roads AsphaltCurb(S) & Gutter(S)Dedicated StreetSidewalk(S) Roofing Built-UpComp ShingleFoam Stories 1 Story Total Parking Spaces 25.00 Uncovered Parking Spaces 25.00

    Interior Features

    Ceiling Height 10.1 Feet To 12 Feet Cooling Central A/COffice Evap Flooring Concrete Heating Gas Interior Features Alarm SystemFinishedPublic RestroomsSecurity Camera(S)Security Light(S)Security SystemSmoke Detector(S)

    Property Features

    Adjusted Gross Inc 1392800.00 Annual Elec Exp 18000.00 Annual Gas Exp 8000.00 Annual Ins Exp 16000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 4100.00 Annual Maint Exp 36000.00 Annual Mgmt Exp 0.00 Annual Other Expense 40000.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 4000.00 Annual Wtr Swr Exp 8000.00 Building Type Commercial Cross Street 38th St. And E. Thomas Rd. Current Use BarFood Service Electric Srp Gas Sw Gas Gross Annual Sch Inc 1392000.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 80 Net Operating Income 159000.00 Operating Exp 145317.00 Other Income 800.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By AccntntProvided By Owner Taxes 11217.00 Traffic Count Other (See Remarks) Vacancy Allowance 0.00 Water City Franchise Zoning C-2

    Listing courtesy of Tom Henschen And Assoc., Inc.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Midland Real Estate Alliance. Data last updated 2021-03-08T12:12:54.003.
     
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