$7,554
SOLD OCT 25, 2024
-- Bed
-- Bath
7,054 Sq Ft
1.15 Acres

Recently Sold

$1 Per Sq Ft

3 Days on Market

About This Home

As of October 2024

Prime Restaurant Space for Lease in Tolleson

Professional Photos this week!

Seize the opportunity to lease this versatile 2,924 sq. ft. commercial retail space in the vibrant heart of Tolleson, Arizona. Formerly a popular taco spot, this adaptable unit is ideal for a variety of culinary ventures, from pizza parlors to full-service restaurants, as well as salons and more.
The space boasts a modern layout with high ceilings and abundant natural light, offering an open floor plan that allows for seamless customization to suit your business needs.
Situated in a bustling area with significant foot traffic, ample parking, and excellent visibility, this location is poised for success. Don't miss your chance to establish your brand in a thriving community.

Last Agent to Sell the Property

Donna Allman

RE/MAX Solutions License #SA663396000 Listed on: 10/22/2024

RE/MAX Solutions

Co-Listed By

MERARY RAMIREZ

RE/MAX Solutions License #SA701041000

Last Buyer's Agent

Jesus Sanchez

Real Broker License #SA709230000

Real Broker

Property Details

Property Type

  • Other

Year Built

  • Built in 2020

Lot Details

  • Property is zoned C2

Home Design

  • Built-Up Roof
  • Stucco

Interior Spaces

  • 7,054 Sq Ft Home
  • Concrete Flooring

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Building Dimensions are 50,110

Listing and Financial Details

  • Property Available on 10/21/24
  • Tenant pays for trash collection, electricity, gas, water, sewer
  • Assessor Parcel Number 101-25-853

Property Details

Property Type

Other

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Cross Street: 99th Ave & Lower Buckeye
  • Property Type: Comm/Industry Lease
  • Zoning: C2
  • Lease Info Annual C A M Sq Ft: 2924.0
  • Lease Info Annual Exp Stop Sq Ft: 5.0
  • Lease Info Annual Lease Price: 7553.67
  • Lease Info Annual Lse Prc P S F: 30.89
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 9
  • Lease Info Space Divisible: No
  • Lease Info Suite Size Avail Max: 2924
  • Year Built: 2020
  • Tax Year: 2014
  • Directions: 99th Ave & Lower Buckeye Directions: 99th Ave and Lower Buckeye Directions: I-10 W Take exit 138A for AZ-202Loop S Continue onto AZ-202 Take exit 74 toward Lower Buckeye Rd iMerge onto S 59th Ave Tur
  • Co List Office Mls Id: resol001
  • Co List Office Phone: 480-610-6500
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Living Area: 7054.0

Exterior Features

  • Disclosures: None
  • Construction Type: Stucco
  • Roof: Built-Up
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 30.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking:Paved Parking: Yes

Utilities

  • Electric: SRP
  • Cooling: Central A/C
  • Heating: Natural Gas
  • Water Source: Individual Meter
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Size: 50,110
  • Additional Parcels: No
  • Parcel #: 101-25-853

Rental Info

  • Available Date: 2024-10-21

Multi Family

  • Owner Pays: None
  • Tenant Pays: Trash Collection, Electricity, Gas, Water, Sewer
  • Existing Lease Type: NNN, Sublease
  • Leasable Area: 2924.0

Tax Info

  • Tax Annual Amount: 30404.0
  • Tax Book Number: 101.00
  • Tax Map Number: 25.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2021
Sold by
Mavericktolleson Llc
Bought by
Hamamjian Sarkis and Hamamjian Zara
Total Days on Market
3
Current Estimated Value
$4,188,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
2.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 2019
Sold by
Lower Buckeye Development Llc
Bought by
Maverick Tolleson Llc

Purchase Details

Closed on
Jul 12, 2017
Sold by
Country Corners West Llc
Bought by
Lower Buckeye Development Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,160,000 Fidelity National Title
Special Warranty Deed $550,000 Timios Inc
Special Warranty Deed $400,000 Grs Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $525,000 New Conventional
Closed $500,000 Commercial
Previous Owner $1,926,538 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $7,554 0.0% $1 / Sq Ft
10/22/2024 10/22/24 For Sale $7,554 -- $1 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $30,404 $217,378 -- --
2024 $32,009 $213,496 -- --
2023 $32,009 $310,046 $101,286 $208,760
2022 $32,564 $281,348 $87,588 $193,760
2021 $22,893 $90,090 $90,090 $0
2020 $9,254 $78,600 $78,600 $0
2019 $9,081 $53,835 $53,835 $0
2018 $8,493 $52,275 $52,275 $0
2017 $8,617 $54,450 $54,450 $0
2016 $8,065 $50,895 $50,895 $0
2015 $8,449 $53,312 $53,312 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6774096

Arizona Regional Multiple Listing Service (ARMLS)

APN: 101-25-853