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81 W Boston Street

Chandler, AZ 85225
  • $3,750,000
  • STATUS: Active
  • ON SITE: 337 days
  • MLS #: 6121561
UPDATED: 212 min ago
$3,750,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,400
    SQFT
  • $694
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1928
County:
Area:

School Ratings & Info

Description

Nestled in Hip & historic downtown Chandler, this is RARE opportunity to own a newly remodeled piece of Chandler's history. Originally built in 1928 as Chandler's 1st movie theater, today it's a turn-key restaurant with mezzanine private dining & small basement (both approx.700 sq ft). All Fixtures, Furniture & Equipment (FF&E) convey from the 4-year NEW remodel. The value is not derived from rent income or remodel costs, but primarily the opportunity to own. PERFECT for an owner/operator looking to be a part of thriving, dynamic, quaint downtown. A 3-month brand new Hilton Garden Inn is at back entrance with a 940-spot garage next to hotel. Located in Federal Enterprise Zone, investor buyer can diminish capital gains over 10 yrs. (Request info from agent). NO CAM fees, NO extra expenses!

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© 2021 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 The Ethridge Team - Realty One Group. Data last updated 2021-07-28T00:11:50.537.
www.theethridgeteam.com/homes/109284844
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81 W Boston Street Chandler, AZ 85225

  • Price: $3,750,000
  • Status: Active
  • Updated: 212 min ago
  • MLS #: 6121561
0
Beds
0
Baths
0
½ Baths
0.1
Acres
5,400
SQFT
$694
$/SQFT
1928
Built
Neighborhood:
Chandler
County:
Maricopa
Area:
Chandler
Property Description
Nestled in Hip & historic downtown Chandler, this is RARE opportunity to own a newly remodeled piece of Chandler's history. Originally built in 1928 as Chandler's 1st movie theater, today it's a turn-key restaurant with mezzanine private dining & small basement (both approx.700 sq ft). All Fixtures, Furniture & Equipment (FF&E) convey from the 4-year NEW remodel. The value is not derived from rent income or remodel costs, but primarily the opportunity to own. PERFECT for an owner/operator looking to be a part of thriving, dynamic, quaint downtown. A 3-month brand new Hilton Garden Inn is at back entrance with a 940-spot garage next to hotel. Located in Federal Enterprise Zone, investor buyer can diminish capital gains over 10 yrs. (Request info from agent). NO CAM fees, NO extra expenses!
Exterior Features

Construction Brick Covered Parking Spaces 0.00 Exterior Features Building SignRoof SignDual Street Ftg Fencing None Parking FreeParking StructurePublic ParkingPaved Parking Roads Asphalt Roofing Foam Stories 3 - 4 Stories Total Parking Spaces 0.00 Uncovered Parking Spaces 0.00

Interior Features

Amenities BasementConference RoomSkylight(S)Raised FloorKitchenDisplay Window(S) Ceiling Height 16.1 Feet To 28 Feet Cooling Central A/C Flooring Ceramic Tile Heating Natural Gas Interior Features Alarm SystemPhone SystemSmoke Detector(S)Security SystemSecurity Camera(S)Fire SprinklersFinished

Property Features

Adjusted Gross Inc 0.00 Annual Elec Exp 12000.00 Annual Gas Exp 2400.00 Annual Ins Exp 3000.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 1000.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 1200.00 Annual Wtr Swr Exp 2400.00 Building Type Commercial Cross Street Arizona Ave And Boston Street Current Use Restaurant Electric ApsSolarOver 220 Amp Gas Sw Gas Gross Annual Sch Inc 0.00 Hoa Fee 0.00 Hoa YN No Loading Facilities None Lot Number 28 Net Operating Income 0.00 Operating Exp 36134.00 Other Income 0.00 Ownership Fee Simple Pad Fee 0.00 Sewer Sewer - Public Source Of Financial Data Provided By Owner Taxes 14134.00 Traffic Count 15001 To 25000 Use Restrictions Other (See Remarks) Vacancy Allowance 0.00 Water City Franchise Zoning Ccd

Listing courtesy of Launch Real Estate.


© 2021 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 The Ethridge Team - Realty One Group. Data last updated 2021-07-28T00:11:50.537.
 
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The Ethridge Team - Realty One Group
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Scottsdale AZ, 85255