$699,000
Strawberry, AZ 85544
MLS# 88581
3200 sqft
1 / 87
Details
Maps
Contract Information
Property Sub-Type: Real Estate Only
List Price: $699,000
Current Price: $699,000
List Price/SqFt: 218.43
List Date: 2023-06-02
List Type: Exclusive ARS
Foreclosure: No
Sale/Lease: Sale
Location, Tax & Legal
Street #: 5079
Street Name: AZ Highway 87
State: AZ
Zip Code: 85544
Area: Strawberry
Sub Code: Strawberry Knolls 3
County: Gila
Zoning: RARE C-3 zoning
Taxes: 2936.8
Tax Year: 2023
Assessor's Book #: 301
Lot #: C3 commercial
Assessor's Map #: 10
Assessor's Parcel #: 004
Assessor's Parcl Ltr: A
APN #: 301-10-004A
HOA: No
Builder Name: Fully renovated over the last few years
Legal Description: Strawberry Knolls - Unit 3 Lot: 4-5 Section: 22 Township: 12N Range: 08E PLAT 316, EXC WLY 10.0' OF LOT 5, TOGETHER WITH A 2/9 INT IN POR TRACT A COMM NE COR TRACT A; TH S88D56'36''W, 284.0' TO POB; TH S22D17'W, 121.66'; TH N89D26'37''W, 38.0'; TH N22D28'07''W, 36.07'; TH S79D23'30''W, 79.53'; TH N0D16'W, 90.0'; TH N88D56'35''E, 77.14' TO POB NW4 SW4
General Property Description
Acres: 0.39
Lot Dimensions: 132x151x90x151
# Parking Spaces: 29
Apx SqFt: 3200
Year Built: 1984
Land Size: 16988
Building Size: 3200
# of Tenants: 1 - 4
Remarks & Misc
Directions: Right on HWY 87, Downtown Strawberry, AZ. Right next door to Strawberry Inn. Across the street from PIEbar and Mama Joes.
Status Change Info
Status: Active
Currently Not Used
Public Remarks: RARE C3 zoning w/busy highway frontage. Currently a popular restaurant/bar +studio apt in the heart of Strawberry, AZ. Walking distance to hotels, wedding venues and neighborhoods. C3 zoning allows for lots of flexibility; this building has historically thrived as a restaurant (w/small attached living quarters/office). Spacious 3200sq ft interior. Large covered front patio and lush green back-yard patio with outdoor bar service. Abundant parking, full service kitchen with vent hood, extra large grease interceptor, walk-in cooler. Most equipment and furnishings available on separate bill of sale. Keep as is, or change use to suit your needs.
Total Rooms: 5
Income/Sales Info
Net Operating Income: 100,000+
Cap Rate: CLO
Down Payment: CLO
Gross Sales: 800000
Improvements: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Location
N/A - Other: excellent HWY FRONT
Garage/Carport
N/A - Other: private parking LOT
Lot/Street Improvem.
N/A - Other: 29+car parking lot
Property Features
N/A - Other: Fenced PATIOS
Interior Features
N/A - Other: VENT HOOD+GREASE INT
Floor Covering
N/A - Other: Stone
Heating
N/A - Other: Pellet Stove
Tenant Pays
N/A - Other: 1
Motel Includes
N/A - Other: Restaurant/Bar/apt
Avg Room Rent/Night
N/A - Other: 1
Training
N/A - Other: 1
Gen Improvement Info
N/A - Other: 1
General Land Info
N/A - Other: 1
Property Features
Location: Downtown; Freestanding; Highway Front
Type/Style: Single Level
Lot/Street Improvem.: Blacktop Street
Construction: Wood Frame
Siding: Stone; Wood
Roof: Asphalt/Comp Shingle
Property Features: Partially Fenced
Exterior Features: View of Mountains; View of Town; Tall Pines on Lot; Guest Quarters; Storage/Utility Shed; Private Yards
Interior Features: Refrigerator; Range/Oven; Living Quarters; Floor Drains/Sink
Floor Type: Wood
Floor Covering: Wood
Cooling: Electric Refrig.; Ceiling Fan
Heating: Fireplace/Woodstove
Fireplace/Woodstove: Fireplace; Woodstove; Pellet Stove
Utilities Available: Electricity; Propane Piped; PSWID; Septic Tank Installed; Telephone; Cable TV/Satellite; Internet Hook Up; Trash
Possession: At Close of Escrow
Owner May Sell/Terms: Cash; OWC/OMC; 1031 Exchange
Documents on File: SPDS
Exist. Finance Fees: Free & Clear
Management: Owner/Family
Form of Ownership: Sole Proprietor
Sale Price Includes: Building; Land; Fixtures
Occupancy: Owner Occupied
Supplements
Strawberry is in great need of a full service breakfast place. Any experienced operator, who opened from 7am-2pm, would KILL IT!! Take a look around: at PIEbar, Mama Joes, Strawberry Lodge, etc...there is HUGE money making potential here in this little, mile-high paradise. At this price, with proper management, your return on investment will be less than 1 year. DON'T WAIT. If you have a client thinking of making the move...JUMP on this deal. If you've got another restaurant concept in mind, that'll work too. Thai? Sushi? Mexican, BBQ? It'll go. We literally have lines out the door and hour-long wait times in season. WE NEED more restaurants to keep up with demand. Make this one YOUR dream come true. Seller may carry with very large down.
Listing Office: Strawberry Realty
Last Updated: November - 27 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
All information is deemed reliable but not guaranteed. The listings on this site are displayed courtesy of the IDX program of Central Arizona BOR and may not be the listings of the site owner.