7223 E SHEA Boulevard, Scottsdale, AZ 85260 (MLS# 6511211)

$950,000

7223 E SHEA Boulevard
Scottsdale, AZ 85260
MLS# 6511211
Status: Closed

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Behind this area is another smaller private party seating area

Property Description
Opportunity to acquire 2340sf C3 building at the prestigious and very busy Scottsdale Rd and Shea Blvd intersection, SE corner, Shea frontage! This property has been a restaurant, with a small patio and all FF&E's currently in, including freezers, full kitchen, furnishings convey! Restaurant is undergoing a sewer line replacement and remodeling. Property being conveyed as is. Plans with City of Scottsdale currently. Parking in this subdivision is not limited by HOA - over 1000 parking spaces serve the plaza! With the C3 zoning, this space can be turned into nearly any use, from medical, to office, retail, etc! Can add a second level, doubling sf!! Seller may carry with a large downpayment (i.e. 40%).

Details

Maps

Contract Info

Ownership: Fee Simple

Current Price: $950,000

Sold Price: $950,000

Status: Closed

List Date: 2023-01-23

Location, Tax & Legal

Assessor's Map #: 33

Legal Description (Abbrev): LOT 80 PARADISE VALLEY PLAZA MCR 009415

Assessor's Parcel #: 79

Assessor Parcel Ltr: A

Add'l Parcels: Yes

Tax Municipality: Scottsdale

Census Tract: 216813

Taxes: 3031

Legal: LOT 80 PARADISE VALLEY PLAZA MCR 009415

Map Code/Grid: M37

House Number: 7223

Compass: E

Street Name: SHEA

St Suffix: Boulevard

City/Town Code: Scottsdale

State/Province: AZ

Zip Code: 85260

Zip4: 6423

County Code: Maricopa

Subdivision: PARADISE VALLEY PLAZA

Assessor Number: 175-33-079-A

Tax Year: 2022

General Property Description

Ttl Apx SqFt Bldg: 2342

# of Buildings: 1

Uncvrd Parking Spcs: 1088

Year Built: 1970

Zoning: C-3

Legal Info

Range: 4E

Section: 26

Township: 3N

Lot Number: 80

Construction

Brick: 1

Roofing

Other: 1

Floors

Concrete: 1

Income & Expenses

Owner Association: Yes

Annual Ownr Asoc Fee: 3048

Operating Exp: 6079

Other Income: 0

Vacancy Allowance: 100

Adjusted Gross Inc: 0

Building Type

Commercial: 1

Office: 1

Other (See Remarks): 1

Business Type

Dental: 1

Mixed: 1

Service Business: 1

Restaurant: 1

Medical: 1

Professional/Office: 1

Retail: 1

Food Service: 1

Bar/Tavern/Lounge: 1

Other: 1

Stories

1 Story: 1

Pmt & Rate Info

Equity: 999750

Total Owed: 0

Showing Notification Methods

Text: 1

Email: 1

Phone Call: 1

Lockbox Type

Combo: 1

Ceiling Height

10.1 Feet to 12 Feet: 1

16.1 Feet to 28 Feet: 1

Heating

Electric: 1

Cooling

Central Air: 1

Office A/C: 1

Interior Features

Unfinished: 1

Alarm System: 1

Private Restrooms: 1

Loading Facilities

None: 1

Source of Fincl Data

Owner: 1

Fencing

None: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

Private: 1

Electric

APS: 1

Gas

Other (See Remarks): 1

New Financing

Cash Only: 1

Owner May Carry: 1

Lease Option: 1

Lease: 1

Special

Owner/Agent: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Contact Info

List Agent Home Phn: 480-255-7327

Sold Info

Loan Type: SBA

Loan Years: 10

Payment Type: Fixed

Clsing Cost Split: Normal - N

Buyer Concession to Seller: 0

Buyer Concession $/%: $

Seller Concession to Buyer: 0

Seller Concession $/%: $

Remarks Misc

Cross Street: Shea & Scottsdale Blvd

Directions: SE Corner of Shea and Scottsdale Blvd

Geo Lat: 33.581867

Geo Lon: -111.924818

Status Change Info

Off Market Date: 2024-01-25

Under Contract Date: 2024-01-25

Close of Escrow Date: 2024-03-08

Sold Price: $950,000

Property Features

Building Type: Commercial; Office; Other (See Remarks)

Business Type: Dental; Mixed; Service Business; Restaurant; Medical; Professional/Office; Retail; Food Service; Bar/Tavern/Lounge; Other

Stories: 1 Story

Construction: Brick

Roofing: Other

Floors: Concrete

Ceiling Height: 10.1 Feet to 12 Feet; 16.1 Feet to 28 Feet

Cooling: Central Air; Office A/C

Loading Facilities: None

Interior Features: Unfinished; Alarm System; Private Restrooms

Fencing: None

Parking Features: Private

Electric: APS

Gas: Other (See Remarks)

Water Source: City Franchise

Sewer: Sewer - Public

New Financing: Cash Only; Owner May Carry; Lease Option; Lease

Showing Notification Methods: Text; Email; Phone Call

Lockbox Type: Combo

Special: Owner/Agent

Source of Fincl Data: Owner

Environmental: None

Listing Office: Prestige Realty

Last Updated: March - 09 - 2024