$850,000
Scottsdale, AZ 85257
MLS# 5375531
Status: Closed
1 / 7
Property Description
FULLY EQUIPPED RESTAURANT IN DESIRABLE SCOTTSDALE LOCATION!!! Prominent visibility from major arterial road. Excellent parking. 3 curb cuts to property. Strong traffic counts. Situated in booming South Scottsdale.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $850,000
Sold Price: $850,000
Status: Closed
List Date: 2015-12-22
Location, Tax & Legal
Assessor's Map #: 4
Legal Description (Abbrev): PARK MC DOWELL 1
Assessor's Parcel #: 65
Add'l Parcels: Yes
Tax Municipality: Scottsdale
Census Tract: 217800
Taxes: 7749.86
Legal: PARK MC DOWELL 1
Marketing Name: 8040 E. MCDOWELL ROAD
Map Code/Grid: P36
House Number: 8040
Compass: E
Street Name: MCDOWELL
St Suffix: Road
City/Town Code: Scottsdale
State/Province: AZ
Zip Code: 85257
Zip4: 3810
County Code: Maricopa
Subdivision: PARK MCDOWELL UNIT 1
Assessor Number: 131-04-065
Tax Year: 2016
General Property Description
Type of Property: Restaurant
Ttl Apx SqFt Bldg: 6000
Ttl Apx Net Rnt Spc: 6000
# of Buildings: 1
Uncvrd Parking Spcs: 45
Year Built: 1963
Zoning: C-2
Legal Info
Range: 4E
Section: 36
Township: 2N
Lot Number: 14
Construction
Block: 1
Tilt-Up: 1
Metal: 1
Wood Frame: 1
Roofing
Shake: 1
Floors
Other: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
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: 7749.86
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Restaurant: 1
Stories
1 Story: 1
Pmt & Rate Info
Down Payment: 0
Equity: 900000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Cooling
Central Air: 1
Loading Facilities
None: 1
Exterior
Sprinkler System-Ground: 1
Landscaping: 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Fencing
Partial: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Paved: 1
Electric
APS: 1
Gas
Other (See Remarks): 1
New Financing
Cash Only: 1
Cash to Loan: 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
Other (See Remarks): 1
Environmental
Other (See Remarks): 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: 3
Buyer Concession $/%: %
Seller Concession to Buyer: 3
Seller Concession $/%: %
Remarks Misc
Cross Street: E/NEC E. McDowell Rd. & N. Hayden Rd.
Directions: Loop 101 (Pima Freeway) to E. McDowell Road west.
Geo Lat: 33.46617
Geo Lon: -111.906585
Status Change Info
Off Market Date: 2016-11-01
Under Contract Date: 2016-09-01
Close of Escrow Date: 2016-10-28
Sold Price: $850,000
Property Features
Building Type: Commercial
Business Type: Restaurant
Stories: 1 Story
Construction: Block; Tilt-Up; Metal; Wood Frame
Roofing: Shake
Floors: Other
Ceiling Height: 8.1 Feet to 10 Feet
Cooling: Central Air
Loading Facilities: None
Exterior: Sprinkler System-Ground; Landscaping; Monument Sign
Fencing: Partial
Parking Features: Free; Paved
Electric: APS
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Cash to Loan
Source of Fincl Data: Owner
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
Environmental: Other (See Remarks)
Listing Office: Avison Young
Last Updated: November - 01 - 2016
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