2401 E Van Buren Street E

    Phoenix, AZ 85008
    • $1,550,000
    • STATUS: Active
    • ON SITE: 276 days
    • MLS #: 5867390
    UPDATED: 45 min ago
    $1,550,000
    • 0
      BEDS
    • 0.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,859
      SQFT
    • $542
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1986
    County:
    Area:

    School Ratings & Info

    Description

    CHECK THIS MASSIVE CASH FLOW IN HIGH TRAFFIC INTERSECTION IN THE HEART OF PHOENIX! 14.5 % CAP RATE! KEY INTERSECTION CORNER. COMMERCIAL ZONE. WIDE VISIBILITY. MULTIPLE INGRESS/EGRESS TURNOUTS. GAS. C-STORE. CAR WASH (NEW INCOME TODAY ADD $1M MO). ONLY 10% DON, 4.5% INT, 20 YR TERM SBA! Shell Fuel Agmt Exp 5/1/26;SEE ATTACHED FIN PROFORMA AND PROFILE FOR DETAILS!

    Monthly Payment Calculator



    © 2019 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 The Laughton Team | My Home Group. Data last updated 2019-10-17T09:10:55.863.
    www.myphoenixhomesearch.com/homes/90825697

    2401 E Van Buren Street E Phoenix, AZ 85008

    • Price: $1,550,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 5867390
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.85
    Acres
    2,859
    SQFT
    $542
    $/SQFT
    1986
    Built
    Neighborhood:
    Hialeah
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    CHECK THIS MASSIVE CASH FLOW IN HIGH TRAFFIC INTERSECTION IN THE HEART OF PHOENIX! 14.5 % CAP RATE! KEY INTERSECTION CORNER. COMMERCIAL ZONE. WIDE VISIBILITY. MULTIPLE INGRESS/EGRESS TURNOUTS. GAS. C-STORE. CAR WASH (NEW INCOME TODAY ADD $1M MO). ONLY 10% DON, 4.5% INT, 20 YR TERM SBA! Shell Fuel Agmt Exp 5/1/26;SEE ATTACHED FIN PROFORMA AND PROFILE FOR DETAILS!
    Exterior Features

    Construction BlockBrickMetal Covered Parking Spaces 35.00 Exterior Features Corner LotLandscapingBuilding SignMonument Sign Fencing BlockWire (See Remarks) Freeway Highway Access Parking Fenced Roads TreatedAsphalt/BlacktopDedicated StreetCurb(S) & Gutter(S) Roofing All TileComp Shingle Stories 1 Story Total Parking Spaces 60.00 Uncovered Parking Spaces 25.00

    Interior Features

    Ceiling Height 28.1 Feet Or Over Cooling Central A/COffice A/C Flooring ConcreteVinyl/Composition Heating GasHeat Pump Interior Features FinishedSmoke Detector(S)Security Light(S)Alarm SystemPhone SystemPrivate RestroomsPublic Restrooms

    Property Features

    Adjusted Gross Inc 14597621.00 Annual Elec Exp 13000.00 Annual Gas Exp 2100.00 Annual Ins Exp 4500.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 2300.00 Annual Legal And Acctg 3500.00 Annual Maint Exp 4500.00 Annual Mgmt Exp 48005.00 Annual Other Expense 51297.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 2100.00 Annual Wtr Swr Exp 1300.00 Building Type Commercial Cross Street 24 St & Van Buren (Sec) Current Use Service BusinessRetail PadAutomobilePackge Store(Liquor)Fast FoodRetailFood Service Electric Aps3 Phase Power Gas Sw Gas Gross Annual Sch Inc 14575803.00 Hoa Fee 0.00 Hoa YN No Loading Facilities Grade Level Lot Number 1 Net Operating Income 311030.00 Operating Exp 145602.00 Other Income 21818.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By OwnerProvided By Accntnt Taxes 13000.00 Traffic Count 35001 To 50000 Use Restrictions Existing Easement(S) Vacancy Allowance 0.00 Water City Franchise Zoning Commercial

    Listing courtesy of Landnet Ventures Llc.


    © 2019 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 The Laughton Team | My Home Group. Data last updated 2019-10-17T09:10:55.863.
     
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