3123 S Hwy 83, Sonoita, AZ 85637 (MLS# 2621702)

3123 S Hwy 83, Sonoita, AZ 85637

$1,395,000

Plaza Los Rieles a busy office complex, includes a hair salon,accountants, computer systems, home builder. All established long term tenants.

Busy strip mall has a dentist, travel agency,real estate and two manufacturing offices all of which are long term established tenants. This location fronts busy Highway #83 which is passed daily by local residents and visitors on their way to local wineries and Parker Lake. Ample parking and a buildable corner lot make this a great investment.

Beautiful location suitable for future medical park or similar enterprise. Approximately 8.3 acres available. Located north east of the office plaza and cottages with the strip offices on the South side. Medical facilities will be essential to this growing community in the near future.

Property Type: Commercial Square Footage: 2,560 Lot Size (sq. ft.): 3 Status: Closed

Current Price: $1,395,000 List Date: 1/04/2007 Last Modified: 10/25/2024

Overview

Description

GREAT INVESTMENT opportunity with profitable annual revenue. Approx. 6 acres yet to develop, 99% occupancy, water company included. 12 storage units,4 rental cottages, 8 unit office plaza, 5 unit office strip. Hwy frontage, B-2 zoning, drip system,septic systems. All sizes approx. and need verifying.

Listing Details MLS# 2621702

Address Information

Street #: 3123
Direction: S
Street Name: Hwy 83
State/Province: AZ
Zip Code: 85637
County: Santa Cruz
Country: USA

Location, Tax & Legal

Tax Code: 10916004H
Area: Santa Cruz
Tax Year: 2001
Taxes: 14647
Assessments: 0
Legal Description: Tax Codes 109-16-004H, 109-16-031
Municipality/Zoning: Other - CALL
Fire Protection: None

General Property Information

# Units: 29
Year Built: 1984
Lot Dimensions: irregular
Lot Acres: 11
Lot Sqft: 479160
Lot Size Source: Other
Combined SqFt: 2560
Source of SqFt: Owner
List Price/SqFt: 722.27
Lot Size Price/SqFt: 3.85

Property Features

Sewer: Septic Terms: Cash; Conventional; Owner Carry Property Disclosures: Unknown

Status Change Info

Off Market Date: 2007-04-20
Pending Date: 2007-04-09
Sold Date: 2007-04-20
Sold Price/SqFt: 544.92
Lot Sz Sold Prc/SqFt: 2.91
Financing: Cash

More Information

Showing Information

Directions: 1/4 mile south of Hwy 82/83 on left hand side of Hwy 83.

Income

Total Expenses: 28102
Net Opp Income: -28102

Analysis

Exp/SqFt: 10.97

Expenses

Admin Expenses: 1725
Contract Services: 2375
Figures Presented: Actual
Gas/Electric: 1237
Insurance: 2105
Maintenance Supplies: 11585
Management: 9075

Property Features

A.D.A. Compliant: Yes
Phase 1 Report: No

Electric

3 Phase Power: Yes
Master Meter: Yes

Sewer

Septic: Yes

Terms

Cash: Yes
Conventional: Yes
Owner Carry: Yes

Property Disclosures

Unknown: Yes

Listing Office: Sonoita Realty

Last Updated: October - 25 - 2024

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