91-22 AUTHORIZING SALE OF PROPERTY - 614 EAST CANTRELL STREET

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5. 1298 E. �ldorado St. - Reported sold for $70, 000 in October :1988 and is a 4, 473 S.F. metal sided used car building in a superior location on a busy street with 17,400 S.F. M-1 zoned lot reflecting an overall building S.F. value of $15. 65. 6. 2095 E. Olive Street - Reported Sold for $90, 000 in May 1978 and is a 4720 S.F. metal sided warehouse/office buildin� on a 40, 000 S.F. M-1 zoned reflecting an overall buildinq S.F. value of $19. 07 . 7. 1185 N. 22nd St. - Reported sold for $70, 000 in February 1988 and is a 4000 5.F. one story warehouse/office building on a 10, 000 S.F. M-1 zoned lot reflecting an overall S.F. value of $17. 50. 8. 520 Front Street - Reported sold for $97, 500 in November, 1987 on a seller contract basis and is a 16, 653 S.F. old one story masonry building on a 36, 445 S.F. M-1 zoned lot on the North side of E. Eldorado Street adjacent to a Railroad R.O.W. that is used by a service c�riented company for warehouse and office purposes. Overall building area reflects $5. 85 S.F. 9. 750 E. Pr.airie Street - Reported sold for $125, 000 on a cash basis in March, 1987 and is a 8, 305 S.F. one story olcier cleaning plant/retail facility on a 17, 050 S.f. M-1 zoned parcel of land approximately 3 blocks E��st of the downtown area. Overall building area reflects $15.05 per S.F. 10. 2235 E. Olive Street - Reported sold for $55, 000 in March, 1987 and is a 5, 440 5.F, one story 30-35 year old concr.ete block garage building on a Northeast located 170' x 150� M-1 zoned site. This reflects an overall yround floor S.F. value of $10. 11. il. 702-704 ��. Wood Street sold in 8-87 for $32, 500 on a seller cc�ntract basis with a 45 ' x 77 � small commerci�tl site and is approximately 50 year old masonry ]. story 3, 328 S.F. building refleating a cost of $9.77 per S.F. (Buildinq Size) . After reviewj.ng all the available sales data (past and current) and qiving consideration to subject's age, condition ancl location it is my opinion that the building square foot value should be estimated at $10 resulting in an indicated value of $72, 800. Estimated Value via the Direct 5ales Cvmparison Approach ($73,000) (rounded)