450 S HILL Street $449,000

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    450 S HILL Street Globe, AZ 85501

    • 0 Beds
    • 0 Baths
    • MultiFamily
    • MLS# 5982374
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    Views: 6 Days On Market: 148

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    Property Details

    Former Hill Street School is up for sale. This is a building of poured concrete which is fully sprinkled. It consists of 3 floors, each with 5,000 sf on each floor, with ceilings between 10 & 14 feet tall. There is a large parking area on the property and the entire premises is just under 7/10 of an acre. FIRST FLOOR: On the first floor are a series of large rooms, one of which is padded, that was apparently used for wrestling when the school was in operation. Also on the first floor is a very large gymnasium & basketball court, with ceilings of 25 feet which extend to the top of the 2nd floor. Further, there is a large men's and women's bathroom and a shower room that would accommodate at least 6 people at a time. Additionally, at the end of the basketball court, there is a stage area and there are staircases in one side wal, leading to the second story of this structure. Finally, there are a variety of smaller rooms and within the FIRST FLOOR there could be a small cafe installed, along with a store selling a variety of items, similar to a Circle K or a 7/11 Store. SECOND FLOOR: There are 5 very large classrooms with end enclosed coat/supply closets and all the hardware of vintage chracter is intact here. A large room, overlooking Hill Street, is at the end of this floor and this could easily be turned into an apartment for a Caretaker. Also here are front and rear staircases to the ground floor and third floor . AN UNUSUAL FEATURE: There is a RUNNING TRACK extending above the Basketball Court, which is about 6 ft wide and apparently was used for this purpose. It is slanted slightly toward the center of the building and although it has supported persons walking across it, it is likely not safe and should probably be removed. THE RECOMMENDATION is provided here that this "RUNNING TRACK" should be removed and a full floor be erected by extending the flooring across this open space. this would provide significantly more space on the 2nd floor. THIRD FLOOR: There are six very large classrooms, again coat/supply closets on one end of each of these rooms. Tall ceilings of (rounded) 14 ft exist here and also staircases at the front and rear of this floor exist. SPECIAL FEATURES: ROOFING: Some 10 years ago, a new foam roof was installed on this former school. There is a brochure in file, provided by the original company who installed this improvement, explaining the (a) materials and (b) processes used for this installation, which is available for inspection. ELECTRICAL SYSTEM: Up until 2 years ago, this building was leased for some 3 years as a Roller Skating Rink. Lessons in this sport were provided by a professional in the field and there was significant activity in this building. In essence, the full electrical system was in use here for this prior time period and met all needed codes. NATURAL GAS SYSTEM: At the time of the purchase of this former school, there was a very large GAS METER existing on the premises. It has been removed (but could be reinstalled, if this utility was needed) because the gas service here was not used/turned on for several years. Still existing in some rooms are overhead gas heaters for winter time use. WINDOW SITUATIONS: New double paned windows were installed around the front of the 3 stories near Hill Street. It is recommended that ALL NEW WINDOWS be installed on the remaining openings, when time permits. An inspection suggests that the old windows can be released from the concrete framing by removing the inside and outside surrounds and reinstalling new windows. In 2015, an estimate was received from THE HOME DEPOT store in Mesa, AZ to deliver, to the site, all the remaining windows, and this was stated at (rounded) $25,000. Installation expense would be above this figure and could be done with local labor. ELEVATOR POTENTIAL: About 5 years ago, an Elevator installation firm from Phoenix looked at the potential of installing a tower and walkways into each of the three floors of this facility. At one time, also discussed with officials of the CITY OF GLOBE was the prospect of abandoning the street on the right hand side of the structure, so as to be able to extend this ELEVATOR STRUCTURE into this area and also provide more direct parking to the building. This information was provided by a party familiar with the activities of the prior buyers, who failed to close escrow, resulting with the building coming on the market for the current owner. INTERESTING POTENTIAL FOR THIS BUILDING: WORKING WITH LOCAL SENIORS: There are NO CONDOMINIUM PROJECTS in Globe and only one "Over 55" project of Rental Apartments. To illustrate, within the last several years, I was stopped by a local citizen who indicated that if the former Hill Street School was ever turned into a residential

    • General Features
      • Assessor Book # 208.00
      • Assessor Map # 2.00
      • Assessor Number 208-02-432
      • Assessor Parcel # 432.00
      • Community Amenities Other (See Remarks)
      • County Gila
      • Covered Parking Spcs 0.00
      • Cross Street HILL ST & US 60 (ASH STREET)
      • Directions TAKE INTERSTATE 60 EAST INTO GLOBE. TAKE A LEFT AT HILL ST TO PROPERTY.
      • Gas Other (See Remarks)
      • List Date 2019-09-23
      • Marketing Name Former Hill Street School
      • New Financing Conventional, 1031 Exchange, Seller May Carry, CTL
      • Parking Free, Paved Parking
      • Project Type Other (See Remarks), 13 - 24 Units, 25 - 50 Units
      • Roofing Error: ClassID in tblMLSFieldPropertyType is null.
      • Subdivision GLOBE TOWNSITE
      • Tax Municipality Gila - COUNTY
      • Tax Year 2018
      • Taxes $4,210
      • Total Units 15.00
      • Type ER
      • Uncvrd Parking Spcs 25.00
      • Year Built 1962
      • Zoning COMMERCIAL
    • Building Features
      • Construction Block
      • Appliances Included Other (See Remarks)
      • Floors Other (See Remarks)
      • Cooling Central A/C
      • Heating Electric
      • Interior Amenities Other (See Remarks)
    • Room Features
      • # 1 Bedroom Units 0
      • 1 Bedroom Units: Avg Rent 0.00
      • 1 Bedroom Units: Avg SqFt 0
      • 1 Bedroom Units: # Baths 0
      • # 2 Bedroom Units 0
      • 2 Bedroom Units: # Baths 0
      • 2 Bedroom Units: Avg Rent 0.00
      • 2 Bedroom Units: Avg SqFt 0
      • # 3 Bedroom Units 0
      • 3 Bedroom Units: Avg SqFt 0
      • 3 Bedrooms Units: # Baths 0
      • 3 Bedrooms Units: Avg Rent 0.00
      • # 4 Bedroom Units 0
      • 4 Bedrooms Units: # Baths 0
      • 4 Bedrooms Units: Avg Rent 0.00
      • 4 Bedroom Units: Avg SqFt 0
    • Property Features
      • Efficiency Units: # Efficiency Units 0
      • Efficiency Units: # Baths 0
      • Efficiency Units: Avg SqFt 0
      • Efficiency Units: Avg Rent 0.00
      • Legal Info: Township 25
      • Tenant Pays Other (See Remarks)
      • Ownership Fee Simple
      • Owner Pays Other (See Remarks)
      • Income & Expenses: Net Operating Income 0.00
      • Income & Expenses: Gross Annual Sch Inc 0.00
      • Income & Expenses: Adjusted Gross Inc 0.00
      • Legal Info: Range 15E
      • Legal Info: Lot Number 11
      • Total Parking Space 25.00
      • Number of Buildings 1
      • Electric Other (See Remarks)
      • Exterior Amenities Other (See Remarks)
      • Lot Size Dimensions 201.66 X 340.96 X 395.60
      • Sewer Sewer - Public
      • Water City Franchise
    • Schools
      • School District 000 - Out of Area

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    Neighborhood

    85501 (Globe) Demographics

    43 Median Age
    24 Population Density (per sq. mile)
    20% College Educated
    $39,417 Estimated Median Income
    3,514 Estimated Total Home Owners
    1,742 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    13,342 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $150,000 Median Sales Price
    5 Homes Sold
    2 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $449,000
        9/23/2019 5:10:00 PM New in Database Source

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        Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2/19/2020 1:29:12 AM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.