402 W Monroe Street, Phoenix, AZ 85003
$3,750,000
Property Type: Comm/Industry Sale Square Footage: 65,744 Lot Size (sq. ft.): 86,250 Status: Closed
Current Price: $3,750,000 List Date: 3/09/2012 Last Modified: 5/23/2020
Description
One of Phoenix's most historic churches built in 1927. 65,744s.f. facility on 2 acres. Large auditorium with seating capacity for 800 including balcony. Offices, Nursery, 225+/- seat Chapel, Dance Studio, Gymnasium on 3rd Floor, multiple classrooms, kitchen, dining hall. Outdoor fenced playground. Fully air conditioned. A fire sprinkler system was installed in the early 80's. Seller may consider lease purchase. Shown by appointment only to prequalified buyers. ADDITIONAL PARCELS: 112-20-096, 098, 100, 102, 104, 106
More Information MLS# 4727759
Contract Info
Ownership: Fee Simple Current Price: $3,750,000 Sold Price: $3,750,000 Status: Closed List Date: 2012-03-08
Location, Tax & Legal
Assessor's Map #: 20 Legal Description (Abbrev): Phoenix Assessor's Parcel #: 89 Assessor Parcel Ltr: A Add'l Parcels: Yes Tax Municipality: Phoenix Taxes: 0 Legal: PHOENIX MCR 2-51 LOTS 2 4 6 8 10 & 12 BLK 96 TOG W/I TH PT ABAND ALLEY LY NLY & ADJ TO SD LOTS DESC P/F 05-0762767 Marketing Name: First Presbyterian Church Map Code/Grid: Q34 House Number: 402 Compass: W Street Name: Monroe St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85003 Zip4: 1620 County Code: Maricopa Assessor Number: 112-20-089-A Tax Year: 2011
General Property Description
Type of Property: Religious Ttl Apx SqFt Bldg: 65744 # of Buildings: 1 Uncvrd Parking Spcs: 138 Lot Size Dimensions: Irregular Year Built: 1927 Zoning: C-3
Construction
Block: 1
Roofing
Tile: 1
Floors
Concrete: 1 Vinyl: 1 Wood: 1 Ceramic Tile: 1 Carpet: 1
Income & Expenses
Annual Elec Exp: 1 Annual Gas Exp: 1 Annual Ins Exp: 1 Annual Land Lse Exp: 0 Annual Landscape Exp: 0 Annual Legal & Acctg: 0 Annual Maint Exp: 0 Annual Mgmt Exp: 0 Annual Trash Exp: 0 Annual Wtr/Swr Exp: 1 Owner Association: No Annual Ownr Asoc Fee: 0 Annual PAD Fee: 0 Annual Rplcmnt Rsrvs: 0 Annual Other Expense: 0 Operating Exp: 4 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 0
Building Type
Other (See Remarks): 1
Business Type
Religious Facility: 1
Stories
3 - 4 Stories: 1
Pmt & Rate Info
Down Payment: 3720000 Equity: 3720000 1st Encumbrance: 0 Total Owed: 0 Assessment Balance: 0
Ceiling Height
8.1 Feet to 10 Feet: 1 28.1 Feet or Over: 1
Heating
Natural Gas: 1
Cooling
Central Air: 1
Interior Features
Finished: 1 Fire Sprinklers: 1
Loading Facilities
None: 1
Road Access Type
Alley: 1 Dedicated Street: 1
Road Surface Type
Asphalt: 1 Concrete: 1
Exterior
Corner Lot: 1 Dual Street Ftg: 1 Curb(s) & Gutter(s): 1 Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
Chain Link: 1 Security: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Building Features
Public Elevator(s): 1 Basement: 1 Conference Room: 1 Showroom: 1 Cafeteria: 1 Kitchen: 1 Raised Floor: 1
Sewer
Sewer - Public: 1 Sewer-In & Connected: 1
Railroad
RlRd up to 1 Mile: 1
Parking Features
Private: 1 Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1 Lease Option: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Existing Easement(s): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Sold Info
Loan Type: Bond/IDA Loan Years: 25 Payment Type: Fixed Clsing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $
Remarks Misc
Cross Street: W Monroe & 4th Ave Directions: One block S. of Van Buren between 4th & 6th Ave. Geo Lat: 33.45066 Geo Lon: -112.079573
Status Change Info
Off Market Date: 2012-06-11 Under Contract Date: 2012-06-10 Close of Escrow Date: 2012-10-01 Sold Price: $3,750,000
Legal Info
Lot Number: 2,4,6,8,10,12
Property Features
Building Type: Other (See Remarks) Business Type: Religious Facility Stories: 3 - 4 Stories Construction: Block Roofing: Tile Floors: Concrete; Vinyl; Wood; Ceramic Tile; Carpet Ceiling Height: 8.1 Feet to 10 Feet; 28.1 Feet or Over Heating: Natural Gas Cooling: Central Air Loading Facilities: None Interior Features: Finished; Fire Sprinklers Exterior: Corner Lot; Dual Street Ftg; Curb(s) & Gutter(s); Sidewalk(s) Fencing: Chain Link; Security Building Features: Public Elevator(s); Basement; Conference Room; Showroom; Cafeteria; Kitchen; Raised Floor Parking Features: Private; Paved Road Access Type: Alley; Dedicated Street Electric: APS Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public; Sewer-In & Connected Railroad: RlRd up to 1 Mile New Financing: Cash Only; Lease Option Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt; Concrete Traffic Count: Unknown Use Restrictions: Existing Easement(s) Environmental: None
Listing Office: AZ Brokerage Holdings, LLC
Last Updated: May - 23 - 2020
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