116 S 91ST Avenue

    Tolleson, AZ 85353
    • $950,000
    • STATUS: Active
    • ON SITE: 203 days
    • MLS #: 5801235
    UPDATED: 34 min ago
    $950,000
    • 0
      BEDS
    • 0.72
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,654
      SQFT
    • $168
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1979
    County:
    Area:

    School Ratings & Info

    Description

    Well established Auto Repair property in Tolleson, AZ. There are multiple lifts, plenty of room for customer vehicles, bathrooms and office space. Tolleson is home to several Fortune 500 Companies, plus huge distribution facilities, throughout the city. Marriott is taking a space on 91st Ave, as well as, projects that may total over several million square feet, just blocks from the property. This is an excellent opportunity for an Investor seeking a solid income producing property with 6% annual rental increases or an Owner/User, who may take all of the space or lease out part, to the well-established tenants, who have been on the site for @5-15 years. Per landlord's desire to have investment flexibility, the four tenants are on month to month leases. These tenants will probably want lonterm leases. Two of these tenants would like to have 1st right of refusal to purchase the entire property, if the owner wishes to sell. The property is minutes to the 10 freeway on a new 4 lane road, directly from the Auto Repair facility. This is a winner, in a wining city.

    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 Gilbert Arizona Realty | DPR Realty. Data last updated 2019-02-22T00:12:29.433.
    www.gilberthomelistings.com/homes/86186776

    116 S 91ST Avenue Tolleson, AZ 85353

    • Price: $950,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 5801235
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.72
    Acres
    5,654
    SQFT
    $168
    $/SQFT
    1979
    Built
    Neighborhood:
    Tolleson
    County:
    Maricopa
    Area:
    Tolleson
    Property Description
    Well established Auto Repair property in Tolleson, AZ. There are multiple lifts, plenty of room for customer vehicles, bathrooms and office space. Tolleson is home to several Fortune 500 Companies, plus huge distribution facilities, throughout the city. Marriott is taking a space on 91st Ave, as well as, projects that may total over several million square feet, just blocks from the property. This is an excellent opportunity for an Investor seeking a solid income producing property with 6% annual rental increases or an Owner/User, who may take all of the space or lease out part, to the well-established tenants, who have been on the site for @5-15 years. Per landlord's desire to have investment flexibility, the four tenants are on month to month leases. These tenants will probably want lonterm leases. Two of these tenants would like to have 1st right of refusal to purchase the entire property, if the owner wishes to sell. The property is minutes to the 10 freeway on a new 4 lane road, directly from the Auto Repair facility. This is a winner, in a wining city.
    Exterior Features

    Construction BlockMetal Covered Parking Spaces 15.00 Exterior Features Building SignSecurity Light(S)Monument Sign Fencing BlockSecurity Fenced Yard Freeway Highway 1.1 - 2 Miles Parking FencedPaved Parking Roofing Built-Up Stories 1 Story Total Parking Spaces 55.00 Uncovered Parking Spaces 40.00

    Interior Features

    Ceiling Height 16.1 Feet To 28 Feet Cooling Office EvapWarehouse Evap Flooring Concrete Heating Electric Interior Features UnfinishedPrivate 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 Building Type Commercial Cross Street 91st Ave And Van Buren Current Use Automobile Electric Srp Gas None Gross Annual Sch Inc 0.00 Hoa Fee 0.00 Hoa YN No Loading Facilities Grade Level Lot Number 30 Net Operating Income 7.40 Operating Exp 5108.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 5108.00 Vacancy Allowance 0.05 Water City Franchise Zoning Cg

    Listing courtesy of Realty One Group.
    © 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 Gilbert Arizona Realty | DPR Realty. Data last updated 2019-02-22T00:12:29.433.
     
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