$770,000
Fountain Hills, AZ 85268
MLS# 6200731
Status: Closed
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Property Description
Perfect owner operator location! You don't want to miss out on this opportunity to own a unique office/retail complex in Fountain Hills, AZ. This building features two stories with five suites total. The 1st floor features an amazing space that is perfect for retail, sales, and an office complete with four bathrooms and 8415 sq ft. The elevator will take you up to the 2nd floor where 4 suites await for endless possibilities. Whether it be a satellite office, a gallery, or a start up business, this building suits many demands. In the Heart of Fountain Hills and walking distance to dining, shopping , entertainment and the famous Fountain Hills Fountain. The space is divisible in half on lower unit in back.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $770,000
Sold Price: $770,000
Status: Closed
List Date: 2021-03-01
Location, Tax & Legal
Assessor's Map #: 6
Legal Description (Abbrev): FOUNTAIN HILLS AZ FP 208 BLK 5-8
Assessor's Parcel #: 54
Add'l Parcels: No
Tax Municipality: Fountain Hills
Census Tract: 216818
Taxes: 7447
Legal: FOUNTAIN HILLS ARIZ FINAL PLAT NO 208 BLK 5 LOT 1 9 TOG W 1-29 INT IN PARCEL F & TOG W 1-141 INT IN PARCEL H
Map Code/Grid: L41
House Number: 16853
Compass: E
Street Name: PALISADES
St Suffix: Boulevard
City/Town Code: Fountain Hills
State/Province: AZ
Zip Code: 85268
Zip4: 8318
County Code: Maricopa
Assessor Number: 176-06-054
Tax Year: 2018
General Property Description
Ttl Apx SqFt Bldg: 8415
# of Buildings: 1
Uncvrd Parking Spcs: 20
Year Built: 2001
Zoning: C-2
Legal Info
Range: 6E
Section: 14
Township: 3N
Lot Number: 19
Construction
Wood Frame: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Sealed: 1
Wood: 1
Ceramic Tile: 1
Carpet: 1
Income & Expenses
Annual Elec Exp: 2100
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 1500
Annual Legal & Acctg: 0
Annual Maint Exp: 10000
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: Yes
Annual Ownr Asoc Fee: 1297.54
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 2480
Operating Exp: 24824.54
Other Income: 0
Vacancy Allowance: 80
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Office: 1
Business Type
Dental: 1
Mixed: 1
Religious Facility: 1
Medical: 1
Professional/Office: 1
Retail: 1
Stories
2 Stories: 1
Pmt & Rate Info
Down Payment: 0
Equity: 850000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
10.1 Feet to 12 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Loading Facilities
None: 1
Exterior
Building Sign: 1
Source of Fincl Data
Other (See Remarks): 1
Traffic Count
5,001 to 15,000: 1
Fencing
None: 1
Water Source
Private: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
SRP: 1
Gas
None: 1
New Financing
Owner May Carry: 1
1031 Exchange: 1
Lease: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: Palisades BLVD and Saguaro BLVD
Directions: From Shea BLVD, North on Palisades BLVD to property.
Geo Lat: 33.607095
Geo Lon: -111.716315
Status Change Info
Off Market Date: 2021-04-24
Under Contract Date: 2021-03-08
Close of Escrow Date: 2021-04-30
Sold Price: $770,000
Property Features
Building Type: Commercial; Office
Business Type: Dental; Mixed; Religious Facility; Medical; Professional/Office; Retail
Stories: 2 Stories
Construction: Wood Frame
Roofing: Built-Up
Floors: Concrete; Sealed; Wood; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet
Cooling: Central Air
Loading Facilities: None
Exterior: Building Sign
Fencing: None
Parking Features: Free; Paved
Electric: SRP
Gas: None
Water Source: Private
Sewer: Sewer - Public
New Financing: Owner May Carry; 1031 Exchange; Lease
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Existing Othr Ln Trm: Not Applicable
Traffic Count: 5,001 to 15,000
Environmental: None
Listing Office: Ascend Realty
Last Updated: February - 12 - 2024
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