NOT LISTED FOR SALE

57564 Arizona 188 Payson, AZ 85541

-- Bed
-- Bath
1,981 Sq Ft
0.69 Acres Lot

Sale Details

Date Sold: March 8, 2019

Last sale price $349,000 $176 Per Sq Ft

37 Days on Market

Highlights

  • Community Kitchen
  • Central Air
  • Heating System Uses Natural Gas
  • Stone Flooring
  • Wood Fence

About This Home

As of March 2019

Jake's Corner Bar and Grill is a notoriously successful and very popular bar
and restaurant in Gila County located between Payson and Globe Arizona along the Highway 188 corridor that runs
through Tonto Basin alongside of Roosevelt Lake. Originally a stage stop ''Jake's Corner'' has evolved into a community with its own Gas station and convenience store, and RV park and a
very popular Bar and Grill.. which is known as JAKE'S CORNER BAR AND GRILL- this is what is being offered for sale. After a fire in 1999, the property was completely rebuilt to modern code. Priced to sell as the commercial value of the property and Liquor license alone is more than list price. Plus $100 in FF&E and a very profitable and successful bar and restaurant included ! Be sure to click documents tab for FLIE

Last Agent to Sell the Property

Scott Trevey

REI Marketing License #SA539099000 Listed on: 01/09/2019

Last Buyer's Agent

Melody Bramer

Keller Williams Integrity First License #SA526989000

Keller Williams Integrity First

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,734

Year Built

  • Built in 2000

Lot Details

  • 30,056 Sq Ft Lot
  • Wood Fence
  • Property is zoned Comm

Home Design

  • 1,981 Sq Ft Home
  • Wood Frame Construction
  • Built-Up Roof

Flooring

  • Stone
  • Concrete

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces
  • Free Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 144
  • Assessor Parcel Number 304-37-006-K

Community Details

Building Details

  • Operating Expense $153,876
  • Gross Income $355,000
  • Net Operating Income $76,858

Additional Features

  • 2 Buildings
  • Community Kitchen

Property Details

Property Type

Other

Est. Annual Taxes

$4,734

Year Built

Built in 2000

Lot Details

0.69 Acres

Listing Details

  • Cross Street: Highway 87 to HWY 188
  • Legal Info Range: 10E
  • Property Type: Comm/Industry Sale
  • Zoning: Comm
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2000
  • Tax Year: 2018
  • Lot Size Acres: 0.69
  • Structure Type: Other (See Remarks)
  • Tax Parcel Letter: K
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Concrete
  • Living Area: 1981.0

Exterior Features

  • Fencing: Wood
  • Disclosures: Boundary Survey Avlb, Water Well Report, Seller Prop Disc Stm, Appraisal
  • Construction Type: Frame - Wood
  • Roof: Built-Up
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Parking Features: Free
  • 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:Free: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C, Office Evap
  • Heating: Heat Pump, Electric, Natural Gas
  • Green Building Features: Kitchen
  • Water Source: Domestic Well
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump2: Yes

Association/Amenities

  • Amenities:Kitchen: Yes

Lot Info

  • Lot Size Sq Ft: 30056.0
  • Parcel #: 304-37-006-K
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Electric Expense: 28000.0
  • Annual Gross Income: 355000.0
  • Insurance Expense: 5917.0
  • Maintenance Expense: 9000.0
  • Property Net Operating Income: 76858.0
  • Annual Operating Expense: 153876.0

Tax Info

  • Tax Annual Amount: 4734.0
  • Tax Book Number: 304.00
  • Tax Lot: 144
  • Tax Map Number: 37.00
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Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2019 03/08/19 Sold $349,000 -0.3% $176 / Sq Ft
01/16/2019 01/16/19 Pending -- -- --
12/10/2018 12/10/18 For Sale $349,900 -- $177 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5865160

Arizona Regional Multiple Listing Service (ARMLS)
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