Globe, AZ 85501,437 S FOURTH Street
Globe, AZ 85501,437 S FOURTH Street
Globe, AZ 85501,437 S FOURTH Street
Globe, AZ 85501,437 S FOURTH Street
Globe, AZ 85501,437 S FOURTH Street
Globe, AZ 85501,437 S FOURTH Street
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$345,000

$349,900

1.4%
Est.Price: ?

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Est. payment /mo

2.1 Acres Lot


SOLD DATE : 11/18/2020

Key Details

Sold Price $345,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision East Globe Map Unit 1

MLS Listing ID 5982327

Sold Date 11/18/20

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1961

Annual Tax Amount $5,866

Tax Year 2018

Lot Size 2.100 Acres

Acres 2.1

Property Description

Wow! This facility consists of 2 buildings one built in 1945 and the other building built in 1906 and is the oldest school building in Globe and has not been used for school purposes since 2009. Each building is constructed with poured concrete, foam-covered roofs and formerly an East Globe Elementary school. These structures are located on a rectangular-shaped full city block, with this entire perimeter covered with 6 foot chain-link metal fencing. The first building has 3 floors each measuring some 5,000 sf. THE FRONT BUILDING faces on U.S. 60 which is named ''Ash Avenue'' as it runs through Globe, AZ and has a total of 15,000 sf. The first floor currently contains administrative offices for a (a) Student Reception area, (b) A School Principal & (c) A School Nurse. These offices are served by a central air conditioning/heating unit and on the same first floor of the building there are five large classrooms which have an evaporative cooling system with forced air heat. Additionally, there are both men's and women's bathrooms on the ground floor here, along with blackboards and other school accessories in each classroom. Further, all three floors of this building have tile flooring in the rooms and polished cement in the outside hallways. THE SECOND FLOOR in this front building contains a total of 6 classrooms. The third floor has three large rooms, all three of these floors each containing 5,000 sf of space.

There are several important security features in this front building. First, there are large chain-link gates on the first floor to enter the building from two sides. Further, chain-link fencing extends above all floor banisters, so no student climbing could provide access. Finally since this building has been continuously used through December 2015 as a school facility, it is fully improved with Wi-Fi access and other accessory features are all up-to-date.

REAR BUILDING - There are 2 floors to this structure, each containing 5,000 sf. On the first floor are five classrooms and approximately 75% of all the opening in this building have been refitted, with new vintage-type, appropriate sized & double-paneled, metal-clad windows. Hardwood flooring exists throughout this structure and there are two 1/2 unisex restrooms in this building along with two very large men's and women's bathrooms with plumbing piping but no toilets, shower fixtures or washbasins.

SPECIAL FEATURES:
1. Changeable building signate-property front.
2. Regulation Tennis Court.
3. On-site recess areas/3 basketball areas.
4. Boiler, hot water heating system replaced in rear building, circa
2008, at a cost (rounded) $100,000 for radiator-type heat in
building.
5. Full fire sprinkler system in rear building.
6. Separate building, which was a former school library, of
(rounded) 2,000 sf, that included central air conditioning/heating
system and two restrooms.
7. Electrical/gas systems in both buildings are code compliant
except for certain short gas plumbing needs in rear building.
8. Two additional large bathrooms in rear building contains
plumbing/all fixtures here (toilets, sinks, showers) need to be
replaced; 2 1/2 fully equipped restrooms currently existing.
9. On-site parking: 12 spaces in front of building/ 20 spaces in rear
and side of site.

SPECIAL NOTE ON VALUE ADD OPPORTUNITY
It is recognized that the rear right hand section of these premises contains a piece of vacant land of (rounded) one-half acre. This space could accommodate 20 newlt-constructed one-bedroom apartments for seniors. Also, parking spaces for this building could also be conveniently placed here. If it was decided to pursue full service senior housing on this campus, this would be the only facility in the City of Globe to offer such accommodations. Combining (a) this new facility and (b) the existing rear two-story building into both a "lifelong learning" facility and kitchen quarters, would allow a needed service to be available in this town. Finally, this type of program should add a significant revenue stream to the ownership of this premises.

Location

State AZ

County Gila

Community East Globe Map Unit 1

Zoning Commercial

Direction Take Interstate 60 toward Globe. When you get to 4th St go left. Property is on the right

Interior

Heating Electric

Cooling Central A/C, Other, See Remarks

Flooring Concrete, Other

Exterior

Garage Fenced

Fence Chain Link

Waterfront No

Roof Type Other, See Remarks

Present Use Mixed Use, Service Business

Parking Type Fenced

Total Parking Spaces 50

Building

Sewer Public Sewer

Water City Franchise

Others

Senior Community No

Tax ID 208-05-299

Financing Cash

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Arizona Regional MLS (ARMLS)
Listed by Better Homes & Gardens Real Estate SJ Fowler
Bought with Century 21-Platinum Real Estate

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Shannon Everett

Realtor | Lic# 3002147

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