$399,000

311 N Main St Eloy, AZ 85131

Estimated payment $2,374/month

Total Views 6,116
-- Bed
-- Bath
5,345 Sq Ft
$75 Price per Sq Ft

Highlights

  • Community Kitchen
  • Central Air
  • Heating System Uses Natural Gas
  • Display Windows
  • Carpet
  • 1-minute walk to Eloy Veterans Heritage Park

About This Home

Exciting Commercial Opportunity on Main Street! 3 buildings 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! 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**

Listing Agent

Stacy Ortega

Real Broker Brokerage Email: stacy@adamsazre.com License #SA689169000 Listed on: 02/24/2025

Real Broker

Co-Listing Agent

Christopher Adams

Real Broker Brokerage Email: stacy@adamsazre.com License #SA672809000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,269

Year Built

  • Built in 1948

Lot Details

  • 5,345 Sq Ft Lot
  • Property is zoned C-2

Home Design

  • Tile Roof
  • Block Exterior

Interior Spaces

  • 5,345 Sq Ft Home
  • Display Windows

Flooring

  • Carpet
  • Vinyl

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Public Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 405-03-042

Community Details

Overview

  • 3 Buildings
  • Cotton City Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $2,269
  • Gross Income $25,650
  • Net Operating Income $25,650

Property Details

Property Type

Other

Est. Annual Taxes

$2,269

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Cross Street: Frontier & Main Street
  • Legal Info Range: 08E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1948
  • Tax Year: 2024
  • Directions: From Frontier, North on Main Street to property on east side of Rd.
  • Attribution Contact: stacy@adamsazre.com
  • Lot Size Acres: 0.12
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: realbr001
  • Co List Office Phone: 602-755-3415
  • Subdivision Name: COTTON CITY (PROPER)
  • Structure Type: Commercial
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 5345.0

Exterior Features

  • Fencing: None
  • Disclosures: None
  • Construction Type: Block
  • Roof: Tile, Rolled/Hot Mop
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Parking Lot
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 5.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 5.0
  • Parking Features Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Natural Gas
  • Green Building Features: Conference Room, Reception Room, Kitchen, Display Window(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Conference Room: Yes
  • Amenities:Display Window(s): Yes

Lot Info

  • Lot Size Sq Ft: 5345.0
  • Parcel #: 405-03-042

Multi Family

  • Annual Gross Income: 25650.0
  • Property Net Operating Income: 25650.0
  • Annual Operating Expense: 2269.0
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 2269.0
  • Tax Book Number: 405.00
  • Tax Lot: 6
  • Tax Map Number: 3.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,269 -- -- --
2024 $2,382 -- -- --
2023 $2,358 $15,500 $405 $15,095
2022 $2,382 $11,925 $188 $11,737
2021 $2,540 $14,515 $0 $0
2020 $2,418 $14,186 $0 $0
2019 $2,304 $13,514 $0 $0
2018 $2,304 $12,850 $0 $0
2017 $2,124 $13,054 $0 $0
2016 $2,123 $238 $238 $238
2014 $1,954 $5,196 $125 $5,071
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 Price Changed $399,000 +14.0% $75 / Sq Ft
06/18/2025 06/18/25 Price Changed $350,000 -12.3% $65 / Sq Ft
02/24/2025 02/24/25 For Sale $399,000 -- $75 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $205,000 Title Security Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $146,000 New Conventional
Closed $135,000 New Conventional
Source: Public Records

About the Listing Agent

Stacy Ortega

Real Broker

(520) 317-2602

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After years in the property management business it paved the way for Stacy’s career in real estate. The most rewarding part of the job, is seeing people enjoy their new homes! The moment you give a new homeowner their keys and making dreams come true, makes all the hard work worth it!

Stacy was raised in Arizona and graduated from high school in Chandler. After that she obtained her real estate license in 2020.

Stacy and her husband moved to Casa Grande in 2010, and then moved

Stacy's Other Listings

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  • 115 E 4th St, Eloy, AZ 85131

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  • 405 N Washington St, Eloy, AZ 85131

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  • 518 W Battaglia Rd, Eloy, AZ 85131

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    Honey Stop the Car!! Beautiful 3-bedroom, 2-bathroom house in Eloy (one of the fastest growing cities in the state!). Recently REMODELED & MOVE-IN READY! Great KITCHEN w/ new cabinets & counter tops. NEW FLOORING throughout w/ Tall Baseboards. Fresh Interior & Exterior Paint. INSIDE LAUNDRY. Large lot w/ space for RV/boats/trailers. Great backyard. No HOA. Great Schools. THIS IS THE ONE! Don't

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  • 3963 W Lariat Ct, Eloy, AZ 85131

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    Check out this beautiful 2 bedroom 2 bathroom home that offers a den to be used as a 3rd bedroom, activity or media room. This beautiful home in the 55 plus community of The Village at Grande Valley Ranch offers a split floorplan with tile throughout. The master bedroom offers a separate tub and shower and a private toilet room. This home in the cul de sac offers one of the largest lots in the

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  • 4125 N Kioha Dr, Eloy, AZ 85131

    $275,000

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    • 2 Baths
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    Welcome to this 3 bedroom 2 bath home featuring an open and split floor plan on a 1/3 of an acre! Built with spray foam insulation for maximum energy efficiency! Enjoy the easy of cleaning with LVP plank flooring throughout paired with upgraded fixtures, hardware and energy efficient LED recessed lighting. Kitchen features beautiful quartz countertops and soft close cabinetry with a spacious

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  • 3935 N Del Monte Dr Unit 22, Eloy, AZ 85131

    $269,000

    • 4 Beds
    • 2 Baths
    • 1,288 Sq Ft
    • 3935 N Del Monte Dr
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    This charming home sits on a large lot and features a covered patio, perfect for outdoor relaxation. The TV gate and block wall provide privacy and convenience. Inside, you'll find a converted porch, offering extra space for a game room, playroom, or additional living area.

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6825552

Arizona Regional Multiple Listing Service (ARMLS)

APN: 405-03-042