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)||$109.50|
|Price per SF (incl. shell building)||$96.67 (incl. shell building)|
|Price per SF (land only)||$30.78|
|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 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. It should be completed in 2021.
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 one year at $8,000/ per month Modified Gross or deliver the property vacant.