10315 N Scottsdale Road

    Paradise Valley, AZ 85253
    • $1,800,000
    • STATUS: Active
    • ON SITE: 6 days
    • MLS #: 5723079
    New On Site 6 Days Ago
    UPDATED: 36 min ago
    $1,800,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,600
      SQFT
    • $391
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1974
    County:

    School Ratings & Info

    Description

    The twotenants, Razz's Restaurant & Bar and Oriental Rugs of Scottsdale,are both longstanding institutions with both having been tenants inthis center for over 20 years. The structural building componentsinclude exterior walls consisting of concrete block and stucco withglass windows set in wood frames. The built-up flat roof has apolyethylene membrane cover, which was replaced in 2016 witha 10 year transferable warranty. The building is cooled by three4 ton A/C units and one 5 ton A/C unit. All have been replacedin the last two years and remain under warranty. This investment isbeing offered at a 7% CAP rate or $1,800,000.HIGHLIGHTS: 100% Occupied Retail Building in Class A Location Longstanding Tenants with Over 20 Years Each of Operating History at this Location Situated Near One of the Most Prominent Intersections in Arizona Rare Signage and Frontage Along Scottsdale Road Newer Roof and HVAC Units Abundance of Shops and Restaurants in Immediate Area Ideal Exchange Property with Limited Inventory in this Price Range

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    © 2018 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 Kelly Cook Real Estate Group | Keller Williams Realty. Data last updated 2018-02-20T10:12:40.23.
    www.arizonarealestatesource.com/homes/80745303

    10315 N Scottsdale Road Paradise Valley, AZ 85253

    • Price: $1,800,000
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 5723079
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    4,600
    SQFT
    $391
    $/SQFT
    1974
    Built
    Neighborhood:
    Paradise Valley Plaza
    County:
    Maricopa
    Area:
    Paradise Valley
    Property Description
    The twotenants, Razz's Restaurant & Bar and Oriental Rugs of Scottsdale,are both longstanding institutions with both having been tenants inthis center for over 20 years. The structural building componentsinclude exterior walls consisting of concrete block and stucco withglass windows set in wood frames. The built-up flat roof has apolyethylene membrane cover, which was replaced in 2016 witha 10 year transferable warranty. The building is cooled by three4 ton A/C units and one 5 ton A/C unit. All have been replacedin the last two years and remain under warranty. This investment isbeing offered at a 7% CAP rate or $1,800,000.HIGHLIGHTS: 100% Occupied Retail Building in Class A Location Longstanding Tenants with Over 20 Years Each of Operating History at this Location Situated Near One of the Most Prominent Intersections in Arizona Rare Signage and Frontage Along Scottsdale Road Newer Roof and HVAC Units Abundance of Shops and Restaurants in Immediate Area Ideal Exchange Property with Limited Inventory in this Price Range
    Exterior Features

    Construction Stucco Covered Parking Spaces 0.00 Fencing None Parking Other (See Remarks)Public Parking Roofing Foam Stories 1 Story Total Parking Spaces 0.00 Uncovered Parking Spaces 0.00

    Interior Features

    Ceiling Height 10.1 Feet To 12 Feet Cooling Central A/C Flooring Concrete Heating ElectricGas Interior Features FinishedPrivate Restrooms

    Property Features

    Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Auction No Building Type Commercial Cross Street Scottsdale Road & Shea Boulevard Current Use MixedService BusinessRetail PadRestaurantRetailFood ServiceBar Electric Aps Gas Sw Gas Gross Annual Sch Inc 0.00 Hoa Fee 0.00 Hoa YN Yes Loading Facilities None Lot Number 15 Net Operating Income 126464.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 6806.00 Vacancy Allowance 0.00 Water Other (See Remarks) Zoning C-3

    Listing courtesy of Orion Investment Real Estate.
    © 2018 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 Kelly Cook Real Estate Group | Keller Williams Realty. Data last updated 2018-02-20T10:12:40.23.
    Kelly Cook Real Estate Group | Keller Williams Realty
    15333 N Pima Rd
    Scottsdale AZ, 85260