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$7,000,000
Apache Junction, AZ 85119
MLS# 6243545
1 / 65
Property Description
3 Businesses situated on over 7.5 acres of land, with street frontage on one of the busiest Highways in Arizona. 2 restaurants & a storage lot. The Restaurants are on a private well & the home is on Arizona Water. Front Patio Dining as well as Back Patio Dining. Back patio has a bar. Panoramic Views from both Patios. These Restaurants are busy year round, by locals & tourists. The property has 3 different street frontages one of them being a Highway. This is your opportunity to own this spectacular property. PLEASE DO NOT DISTURB THE OCCUPANTS!
Details
Maps
Contract Info
Current Price: $7,000,000
List Price: $7,000,000
Status: Active
List Date: 2021-05-30
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q43
House Number: 2304
Compass: N
Street Name: CORTEZ
St Suffix: Road
Unit #: 2
City/Town Code: Apache Junction
State/Province: AZ
Zip Code: 85119
Country: USA
County Code: Pinal
Legal Description (Abbrev): COMMENCING AT THE NORTHEAST CORNER OF THE NORTHWEST QUARTER OF SE CTION 15, TOWNSHIP 01 NORTH, RANGE
Assessor's Map #: 25
Assessor's Parcel #: 43
Assessor Parcel Ltr: C
Add'l Parcels: Yes
Assessor Number: 100-25-043-C
Census Tract: 310
Legal: COMMENCING AT THE NORTHEAST CORNER OF THE NORTHWEST QUARTER OF SE CTION 15, TOWNSHIP 01 NORTH, RANGE
Tax Municipality: Pinal - COUNTY
Taxes: 15163
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 4661
# of Buildings: 2
Year Built: 1992
Uncvrd Parking Spcs: 100
Zoning: B1
Remarks & Misc
Cross Street: N Apache Trail & Lost Dutchman Blvd
Directions: US 60 East to Idaho Rd, North on Idaho to North Apache Trail, North on Apache Trail (Highway 88) to Lost Dutchman, Property is on the eastside of the road.
Geo Lat: 33.436413
Geo Lon: -111.521269
Status Change Info
Status Change Date: 2021-05-30
Legal Info
Township: 01N
Range: 08E
Section: 15
Lot Number: 2
Bay Info
# of Bay Doors: 1
Income & Expenses
Annual Elec Exp: 12000
Annual Ins Exp: 15000
Owner Association: No
Operating Exp: 42163
Gross Annual Sch Inc: 1600000
Other Income: 320000
Adjusted Gross Inc: 1920000
Net Operating Income: 1600000
Pmt & Rate Info
Cap Rate: 22.86
Equity: 7000000
Property Features
Building Type: Commercial
Current Use: Restaurant
Stories: 1 Story
Construction: Block
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 14.1 Feet to 16 Feet
Cooling: Central A/C; Warehouse Evap
Loading Facilities: None
Interior: Finished
Exterior: Corner Lot; Dual Street Ftg; Building Sign; Monument Sign
Fencing: Chain Link
Parking: Fenced; Free
Electric: SRP
Gas: None
Water: Domestic Well
Sewer: Septic in & Cnctd
Freeway/Highway: Frontage
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Accntnt
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Reports/Disclosures: Seller Prop Disc Stm; Well Disclosure
Environmental: None
Listing Office: Lost Dutchman Realty
Last Updated: January - 23 - 2024
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