Address
311 N MAIN Street, Eloy, AZ
Price
$ 199,000
Property Attributes
  • MLS#6625457
  • TypeCommercial
  • CountyPINAL
  • CityEloy
  • NeighborhoodCOTTON CITY
  • Zip85131
  • StyleComm/Industry Sale
  • Year Built1948
  • Taxes$ 2358
  • Price$ 199,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2220
  • Lot Size0.06 Acres
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Exciting Commercial Opportunity on Main Street! $100k discount if all three buildings are purchased together. Located in downtown Eloy on Main Street, and near the corner with Frontier, providing excellent visibility, foot traffic, and vehicle traffic. Eloy is growing, don't miss this opportunity to be a part of growth and secure your location before it's gone! Currently setup as an office space with 2,220 SF. Street parking out front. STRONG RENTAL DEMAND and low supply. $12/SF/year in range along with 8-10% CAP rates. Lots of growth nearby with Lucid, Nikola, Kohler, and Proctor & Gamble, among others! **Package Deal for Buying the entire building**

Price History
11/2/2023 Listed $250,000
3/20/2024 10% - $225,000
5/11/2024 12% - $199,000

General Features

Sewer Public Sewer
Heating Natural Gas
Cooling Central A/C
Roof Tile,Rolled/Hot Mop
Zoning C-2
Construction Materials Block
Year Built 1948
Electric APS
Township 08S
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 25650.0
Business Type Retail,Office
County Pinal
Net Operating Income 25650.0
Operating Expense 2358.0
Property Type Comm/Industry Sale
Attached Garage No
Subdivision Name COTTON CITY (PROPER)
Building Features Conference Room,Reception Room,Kitchen,Display Window(s)
Status Active
Directions From Frontier,North on Main Street to property on east side of Rd.
City Eloy
Buyer Agent Compensation 3.00
Disclosures None
View Y/N No
Open Parking Spaces 5.0
Lot Size Square Feet 2500.0
Carport Y/N No
Street Name MAIN
Tax Annual Amount 2358.0
Lease Renewal Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 199
Structure Type Commercial
Standard Status Active
Occupancy Type Vacant
Tax Lot 6
Cap Rate 11.4
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Carpet,Vinyl
Street Suffix Street
Electric On Property Y/N No

Exterior Features

Fencing None
Parking Features Public Parking
Water Source City Franchise
Total Parking 5.0
Lot Size Area 2500.0
Number of Buildings 1
Spa No
Lot Size Acres 0.06
Road Surface Type Asphalt
Lot Size Units Square Feet
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 85131

Price
AVG $390K
$200K
Taxes
AVG $2,943
$2,358
Visits
AVG 85
96
Data Provided by Inside Real Estate®
Year Built
AVG 1964
1948

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