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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