311 N MAIN Street Eloy, AZ ^$ 225,000

311 N MAIN Street

^$ 225,000

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311 N MAIN Street

Eloy, AZ, 85131

^$ 225,000

Studio Baths0.0 Sq 2,220

Monthly Estimate*

^$ 1,572

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Studio

Commercial Property for sale in Eloy, AZ

for $225,000. This 2,220 square foot building was built in 1948 on a lot size of 0.06.

Exciting Commercial Opportunity on Main Street! $100k discount if all three buildings are purchased together. 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! Currently setup as an office space with 2,220 SF. 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**

Commercial Active

Price

^$ 225,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 2,358

Style

Comm/Industry Sale

Lot Size

0.06

Year Built

1948

Town/City

Eloy

County/Region

Pinal

MLS | Web ID

6625457

Features

General

Sewer Public Sewer

Heating Natural Gas

Cooling Central A/C

Roof Tile Rolled/Hot Mop

Zoning C-2

Construction Materials Block

Year Built 1948

Electric APS

Township 08S

Tax Year 2023

Percent Ownership Fee Simple

Gross Income 25650.0

Business Type Retail Office

County Pinal

Net Operating Income 25650.0

Operating Expense 2358.0

Property Type Comm/Industry Sale

Attached Garage N

Subdivision Name COTTON CITY (PROPER)

Building Features Conference Room Reception Room Kitchen Display Window(s)

Status Active

Directions From Frontier North on Main Street to property on east side of Rd.

City Eloy

Buyer Agent Compensation 3.00

Disclosures None

View Y/N N

Open Parking Spaces 5.0

Lot Size Square Feet 2500.0

Carport Y/N N

Street Name MAIN

Tax Annual Amount 2358.0

Lease Renewal Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 177

Structure Type Commercial

Standard Status Active

Occupancy Description Vacant

Tax Lot 6

Cap Rate 11.4

Buyer Agent Compensation Type %

Ownership Fee Simple

Senior Community N

Interior

Flooring Carpet Vinyl

Street Suffix Street

Electric On Property Y/N N

Total Baths 0

Exterior

Fencing None

Parking Features Public Parking

Water Source City Franchise

Total Parking 5.0

Lot Size Area 2500.0

Number of Buildings 1

Spa N

Lot Size Acres 0.06

Road Surface Type Asphalt

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

Internal Only

Street Number 1 311

* Excluded Features

List By

Realty Executives Arizona Territory

Broker

stacy@adamsazre.com

Affordability Calculator

$1,768

Per Month

Monthly Principal & Interest: $1,572
Monthly Property Taxes: $197
Monthly Home Insurance: --

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Yearly 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.

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Nearby

Trends
Schools

Commerical listings in Eloy, AZ

Average List Price ^$379,800

Percent of Sale Price 69%

About Eloy, AZ

18,326 Population

78% Since 2002

^$35,042 Median Income

33.32 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

260072 Elementary School

263420 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/20/2024	$225,000	-10.00%	Price Down
11/2/2023	$250,000		Listed Price

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311 N MAIN Street, Eloy, AZ, 85131 is a Commercial Property for sale at $225,000 with 2,220 sqft and a lot size of 0.06. 311 N MAIN Street is a studio with 0.0 baths and was built in 1948. The property's zip code is 85131 which is in Eloy, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/2/2024.

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311 N MAIN Street

Commercial Property for sale in Eloy, AZ

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