Estimated payment $2,395/month
Highlights
- Ceramic Tile Flooring
- Central Air
- Heating System Uses Natural Gas
- Eloy Junior High School Rated 9+
About This Home
This is YOUR OPPORTUNITY to create a culinary legacy at the former home of the beloved Encore Family Restaurant. Having closed its doors after years of serving Eloy as a cherished gathering place since 1955, this iconic property now stands ready for your new vision. Perfectly situated on the busiest road in town, this restaurant offers a generous layout with a full kitchen and an inviting dining area, beckoning an entrepreneurial spirit to craft their own restaurant concept or community hub. Seize this chance to turn a page in Eloy's history books; step into this storied venue where your dream can become the new heart and soul of the city. Lots of growth nearby with Kohler, Proctor & Gamble, among others! ***SELLER FINANCING AVAILABLE - inquire for more details***
Property Details
Property Type
- Other
Est. Annual Taxes
- $3,233
Year Built
- Built in 1955
Lot Details
- 0.28 Acre Lot
- Chain Link Fence
- Property is zoned C-1
Home Design
- Composition Roof
- Block Exterior
Interior Spaces
- 1,876 Sq Ft Home
- Ceramic Tile Flooring
Parking
- 8 Open Parking Spaces
- 10 Parking Spaces
- 2 Covered Spaces
- Free Parking
- Paved Parking
Utilities
- Central Air
- Heating System Uses Natural Gas
Listing and Financial Details
- Tax Lot 26
- Assessor Parcel Number 405-05-377
Community Details
Overview
- Building Dimensions are 140'x100'
- Second Addition To Cotton City Subdivision
Building Details
- Operating Expense $454,159
- Gross Income $530,243
- Net Operating Income $78,067
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,110 | -- | -- | -- |
| 2024 | $3,266 | -- | -- | -- |
| 2023 | $3,233 | $25,028 | $1,260 | $23,768 |
| 2022 | $3,266 | $23,441 | $1,260 | $22,181 |
| 2021 | $3,481 | $23,696 | $0 | $0 |
| 2020 | $3,315 | $23,373 | $0 | $0 |
| 2019 | $3,158 | $22,174 | $0 | $0 |
| 2018 | $3,158 | $21,398 | $0 | $0 |
| 2017 | $2,911 | $20,442 | $0 | $0 |
| 2016 | $2,910 | $1,330 | $1,330 | $1,330 |
| 2014 | -- | $7,478 | $700 | $6,778 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | Price Changed | $399,000 | -11.3% | $213 / Sq Ft |
| 04/09/2025 04/09/25 | For Sale | $450,000 | 0.0% | $240 / Sq Ft |
| 03/26/2025 03/26/25 | Pending | -- | -- | -- |
| 10/23/2024 10/23/24 | Price Changed | $450,000 | -5.3% | $240 / Sq Ft |
| 07/09/2024 07/09/24 | Price Changed | $475,000 | -5.0% | $253 / Sq Ft |
| 05/01/2024 05/01/24 | For Sale | $500,000 | -- | $267 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,000 | Security Title Agency | |
| Warranty Deed | $153,000 | Security Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Seller Take Back | |
| Previous Owner | $82,820 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6698819
APN: 405-05-377
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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