BRIDGING AZ FURNITURE BANK
25 N. Extension
|Storage Garage||900 SF|
|Shell Building||1,333 SF (not incl. in total)|
|Land Area||0.82 Acres|
|Price per SF (useable buildings)||$129.40|
|Price per SF (incl. shell building)||$114.35 (incl. shell building)|
|Price per SF (land only)||$36.78|
|Year Built||1947/Remodeled 1975|
The subject property is an office warehouse building, a storage garage, a house that is in rough shell condition and six storage containers, three of which have been hooked together to make a work shop. The warehouse has four walk-in coolers and an area that has been used as a kitchen. The main warehouse was reconstructed inside the original structure using concrete tilt-up walls and a concrete roof. The clear height is 12′ below the trusses and approximately 16′ between the trusses.
The seller operates Bridging Arizona Furniture Bank at the property now. It is a non-profit venture that provides free furniture to veterans. More information on them is available at www.bridgingaz.org.
The property is located just north of the northeast corner of Main & Extension with short drives to the 101, 202 and US60 freeways. A major $49M apartment development called Residences on Main is being built a half mile to the east on Main.
The house can be rebuilt if at least one wall is retained. The seller has plans and pre-approvals from the City of Mesa to rebuild it as an office. If it is totally torn down, it cannot be rebuilt.
The subject property is in Opportunity Zone #14013421302.
The seller is willing to enter into a lease for the property for three years at $6,530/month ($0.65) Triple Net or deliver the property vacant with a minimum of 90-day lead time to vacate.