16700 N Reems Road 16, Surprise, AZ 85374

$4,300,000
Property Type: Land Lot Size (sq. ft.): 314,047 Status: Closed
Current Price: $4,300,000 List Date: 11/29/2021 Last Modified: 11/18/2022

Description

Fantastic multi-family super pad just south of Bell Road in a prime location. Approval from the City of Surprise allows 210 units per the Orchards PAD (Over 29 du/ac). Buyer to confirm. This is one of the last multi-family parcels along the Western Bell corridor. The site has all improvements including curb, gutter, sidewalk, and utilities to the site. It is within walking distance of dozens of restaurants, offices and other commercial properties. About 1 mile to Loop 303. Close proximity to Surprise City Center and Surprise Stadiums.

More Information MLS# 6132345

Contract Information

Type: Exclusive Agency For Sale or Lease?: Sale Current Price: $4,300,000 Sold Price: $4,300,000 Status: Closed List Date: 2020-09-01

Location, Tax & Legal

Lot #: 16 Assessor's Map #: 12 Legal Description (Abbrev): ORCHARDS MOD AMD MCR 588/27 THAT PRT NW4 SEC 5 T3N R1W BEING PRT PARCEL 16 AS SHOWN ON SD MOD WH LIE Assessor's Parcel #: 327 Assessor Parcel Ltr: A Add'l Parcels: No Tax Municipality: Surprise Census Tract: 61028 Taxes: 13890 Map Code/Grid: L28 House Number: 16700 Compass: N Street Name: Reems St Suffix: Road City/Town Code: Surprise State/Province: AZ Zip Code: 85374 County Code: Maricopa Assessor Number: 509-12-327-A Subdivision: ORCHARDS MOD AMD Tax Year: 2020

General Property Description

Apx Total Acres: 7.21 Apx Total Acres G/N: N Price Per Acre: 653357.14 Apx SqFt: 314047 Price Per SqFt: 15 Apx SqFt G/N: N Lot Size Dimensions: Regular Horses: N Zoning: PAD

Legal Info

Range: 1W Section: 5 Township: 3N Lot Number: 16

Special Listing Cond

N/A: 1

Pmt & Rate Info

Equity: 4710705 Total Owed: 0

Assoc/Prop Info

HOA Y/N: N PAD Fee Y/N: N Assessed Balance: 0 HOA 2 Y/N: N

Showing Notification Methods

No Notification Required to Show: 1

Lockbox Type

None: 1

Existing Land Use

Residential Lot: 1 Commercial Lot: 1 Residential Acreage: 1 Commercial Acreage: 1

Zoned Presently

Multi-Family: 1 Existing P.A.D.: 1

Potential Use

Multi-Family: 1

Parcel Size

5.00 - 9.99 Acres: 1

Current Density

21 - 25 Units P/Acre: 1 26 - 30 Units P/Acre: 1

Proposed Density

21 - 25 Units P/Acre: 1 26 - 30 Units P/Acre: 1

Development Status

Off Site Imp Complte: 1

Land Features

Corner Lot: 1 Sidewalk(s): 1 North/South Exp: 1

Vegetation

Natural Vegetation: 1

Road Surface Type

Asphalt: 1 Concrete: 1

Road Responsibility

City Maintained Road: 1

Traffic Count

Not Available: 1

Water Source

City Franchise: 1

Freeway/Highway

1.1 - 2 Miles: 1

Sewer

Sewer - Public: 1

Electric

APS: 1

Topography

Level: 1

Gas

SW Gas: 1

Existing Structures

None: 1

Distance to Cable

Call Listing Office: 1

New Financing

Cash: 1 Conventional: 1

Distance to Phone

Call Listing Office: 1

Distance to Water

On Property: 1

Existing 1st Loan

Treat as Free&Clear: 1

Distance to Electric

On Property: 1

Existing 1st Loan Type

Not Applicable: 1

Distance to Gas

Call Listing Office: 1

Existing 1st Loan Terms

Not Applicable: 1

Distance to Sewer

On Property: 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

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

None: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

Other (See Rmks): 1

Existing Other Loan

Not Applicable: 1

Sold Info

Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 0 Seller Concession $/%: $

Remarks Misc

Cross Street: Reems Rd & Young St Directions: (From 303) East on Bell Rd until Reems Rd. Turn Right on Reems. Property is on the left before Young St. Geo Lat: 33.63562 Geo Lon: -112.393168

Status Change Info

Off Market Date: 2021-12-14 Under Contract Date: 2020-10-26 Close of Escrow Date: 2021-12-13 Sold Price: $4,300,000

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Commercial Lot; Residential Acreage; Commercial Acreage Zoned Presently: Multi-Family; Existing P.A.D. Potential Use: Multi-Family Parcel Size: 5.00 - 9.99 Acres Current Density: 21 - 25 Units P/Acre; 26 - 30 Units P/Acre Proposed Density: 21 - 25 Units P/Acre; 26 - 30 Units P/Acre Development Status: Off Site Imp Complte Land Features: Corner Lot; Sidewalk(s); North/South Exp Vegetation: Natural Vegetation Road Surface Type: Asphalt; Concrete Road Responsibility: City Maintained Road Traffic Count: Not Available Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Distance to Cable: Call Listing Office Distance to Phone: Call Listing Office Distance to Water: On Property Distance to Electric: On Property Distance to Gas: Call Listing Office Distance to Sewer: On Property 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 Other Loan: Not Applicable New Financing: Cash; Conventional Environmental: Other (See Rmks) Showing Notification Methods: No Notification Required to Show Lockbox Type: None
Listing Office: City to City Commercial
IDX
Last Updated: November - 18 - 2022
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