NOT LISTED FOR SALE

500 E Chandler Blvd Chandler, AZ 85225

Downtown Chandler Neighborhood

Estimated Value: $896,413

-- Bed
-- Bath
3,400 Sq Ft
$264/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $860,000 $253 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,101/month

10 Days on Market

Highlights

  • Community Kitchen
  • Ceramic Tile Flooring
  • Partially Fenced Property
  • Chandler High School Rated A-
  • Central Air
  • 3-minute walk to Armstrong Park

About This Home

As of December 2023

Elevate your business portfolio w/this fantastic commercial property, conveniently located the heart of Chandler. Owner user or investment property. Convenience store tenant on 12 mo lease agreement, occupies 3 suites. Owner occupied last suite will be vacant at closing. 2 adjacent lots to south included. 18 parking spaces and opportunity to further develop premises. Do not disturb tenant. This parcel's excellent location enhances its value & presents significant potential for high foot traffic & visibility. What are you waiting for? Act now!

Last Agent to Sell the Property

Ana Velazquez

Realty ONE Group License #SA675450000 Listed on: 12/02/2023

Last Buyer's Agent

Peter Sciacca

Compass License #SA649698000

Compass

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,813

Year Built

  • Built in 1957

Lot Details

  • 3,400 Sq Ft Lot
  • Partially Fenced Property
  • Block Wall Fence
  • Property is zoned [C-3]

Home Design

  • Wood Frame Construction
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,400 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 302-63-061

Community Details

Overview

  • Building Dimensions are 40x83x81x83
  • Wingfoot Village 2 Subdivision

Amenities

  • Community Kitchen
  • Showroom
  • Reception Area

Building Details

  • Gross Income $64,575
  • Net Operating Income $61,775

Property Details

Property Type

Other

Est. Annual Taxes

$1,813

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Cross Street: Arizona Ave & Chandler Blvd
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: [C-3]
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1957
  • Tax Year: 2023
  • Directions: Head east on Chandler Blvd, Turn left onto Fresno St. Property will be on the right.
  • Lot Size Acres: 0.08
  • Road Surface Type: Asphalt
  • Subdivision Name: WINGFOOT VILLAGE 2
  • Structure Type: Commercial, Office
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 3400.0

Exterior Features

  • Fencing: Block, Partial
  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Frame - Wood, Stucco, Block
  • Roof: Built-Up
  • Construction:Block: Yes
  • Construction:Frame - Wood2: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Paved Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 18.0
  • Total Parking Spaces: 18.0
  • General Property Description:Uncvrd Parking Spcs: 18.0
  • General Property Description:Total Parking Spcs: 18.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Office A/C
  • Heating: Electric, Natural Gas
  • Green Building Features: Reception Room, Showroom, Kitchen
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Reception Room: Yes
  • Amenities:Showroom: Yes

Lot Info

  • Lot Size: 40x83x81x83
  • Lot Size Sq Ft: 3400.0
  • Parcel #: 302-63-061
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 64575.0
  • Insurance Expense: 850.0
  • Property Net Operating Income: 61775.0
  • Vacancy Allowance Rate: 0.12

Tax Info

  • Tax Annual Amount: 1813.0
  • Tax Book Number: 302.00
  • Tax Lot: 25
  • Tax Map Number: 63.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carrasco Francisco O $170,000
Closed Carrasco Francisco O $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $860,000 -9.5% $253 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/02/2023 12/02/23 For Sale $950,000 -- $279 / 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 $1,794 $18,910 -- --
2024 $1,813 $18,572 -- --
2023 $1,813 $28,390 $7,837 $20,553
2022 $1,808 $24,168 $5,268 $18,900
2021 $1,911 $24,372 $5,418 $18,954
2020 $1,900 $23,976 $5,220 $18,756
2019 $1,834 $23,094 $5,310 $17,784
2018 $1,782 $21,024 $3,924 $17,100
2017 $1,674 $20,358 $3,636 $16,722
2016 $1,617 $18,882 $3,816 $15,066
2015 $1,593 $14,745 $3,108 $11,637
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Ana Velazquez

    Realty One Group

  • P

    Buyer's Agent in 2023

    Peter Sciacca

    Compass

    (602) 330-6888

    1 in this area

    13 Total Sales

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6636569

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-63-061

Arizona Maricopa County Chandler 85225 Downtown Chandler

500 E Chandler Blvd, Chandler, AZ

This home is located at 500 E Chandler Blvd, Chandler, AZ 85225 since 02 December 2023 and is currently estimated at $896,413, approximately $263 per square foot. This property was built in 1957. 500 E Chandler Blvd is a home located in Maricopa County with nearby schools including Galveston Elementary School, Chandler High School, and Willis Junior High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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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