501 W LIVE OAK Street
Miami, AZ, 85539 $ 499,999
Baths0.0 Sq 39,635 Monthly Estimate*
$ 3,493
Studio
for $499,999. This 39,635 square foot building was built in 1915 on a lot size of 0.28.
Exceptional Investment Opportunity: This multi-tenant building encompasses about 40,000 SF of interior space in Miami, Arizona, located at 501 Live Oak, historically known as The Santa Ana Building. Owner has surrounding parcels able to be included in a sale. This presents a remarkable opportunity, especially suitable for educational institutions, particularly those focusing on mining education, catering to the needs of mining students and international mining companies consistently searching for better educated talent as the mining trade continues to advance as populations rise and technological advances. Additional proposed uses include a grocery store in one of the retail suites on the building's main level—''a much-needed amenity in the Miami area,'' - Miami's Economic Develpmt Directo Previously, The Town of Miami has certified that these properties (601, 605, 523, 511, and 501 Live Oak) are eligible for the processing, growth, and retail of agricultural marijuana, in accordance with local codes and regulations. The property is set to receive numerous upgrades: new ceiling tiles, installation of six air conditioning units, a 3-phase transformer, and stylish new glass door fronts. Furthermore, office spaces will be enhanced with elegant glass partitions, all intended to be included with the property sale. Investors can rest assured as the property has been thoroughly tested and cleared of asbestos, ensuring a safe and compliant environment. This offers a unique blend of commercial potential and educational synergy, making it an attractive investment in the heart of Miami, Arizona.
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FeaturesGeneralSewer Sewer-In & Connected Private Sewer
Heating Natural Gas
Cooling Office A/C Central A/C
Roof Composition Concrete Rolled/Hot Mop
Zoning C-2
Construction Materials Frame - Wood Metal Siding Block Brick
Year Built 1915
Electric APS
Township 01N
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 0.0
Business Type Other See Remarks Bar Wholesale Retail Warehouse Office Mini-Storage Religious Facility Mixed Use
County Gila
Net Operating Income 0.0
Operating Expense 7106.0
Property Type Comm/Industry Sale
Attached Garage N
Subdivision Name MIAMI TOWNSITE
Building Features Basement Conference Room Exercise Room Reception Room Showroom Cafeteria Kitchen Showers - Office Display Window(s)
Status Active
Directions Peach colored 3 story building (4 including basement) on SW corner is property.
City Miami
Buyer Agent Compensation 2.50
Disclosures Other (See Remarks)
View Y/N N
Open Parking Spaces 10.0
Lot Size Square Feet 12152.0
Carport Y/N N
Street Name LIVE OAK
Tax Annual Amount 7106.0
Current Financing Not Applicable
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 189
Structure Type Commercial Industrial Office Manufacturing Distribution/Warehse
Standard Status Active
Occupancy Description Vacant
Tax Lot 501
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community N
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InteriorFlooring Carpet Wood Concrete
Street Suffix Street
Electric On Property Y/N N
Total Baths 0
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ExteriorFencing Chain Link
Parking Features Paved Parking Public Parking Free
Water Source Individual Meter
Total Parking 10.0
Lot Size Area 12152.0
Number of Buildings 5
Spa N
Lot Dimensions IRR
Lot Size Acres 0.28
Road Surface Type Gravel Asphalt Concrete
Lot Size Units Square Feet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList Byhudson@azreinvestments.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,493
- Monthly Property Taxes
- $592
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Miami, AZ
Average List Price $499,999
Percent of Sale Price 0%
About Miami, AZ 1,663 Population
-14% Since 2002
$ 32,375 Median Income
41.41 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/26/2024 | $499,999 | -19.22% | Price Down |
12/20/2023 | $619,000 | -24.51% | Price Down |
10/20/2023 | $820,000 | | Listed Price |