16700 N Reems Road, 16, Surprise, AZ 85374
$4,300,000
Property Type:
Land and Lots
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
Current Price: $4,300,000
Sold Price: $4,300,000
Status: Closed
List Date: 2020-09-01
For Sale or Lease?: Sale
Type: EA
Location Tax Legal
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
Country: USA
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
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
Status Change Date: 2021-12-14
Off Market Date: 2021-12-14
Under Contract Date: 2020-10-26
Close of Escrow Date: 2021-12-13
Sold Price: $4,300,000
Legal Info
Township: 3N
Range: 1W
Section: 5
Lot Number: 16
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession $/%: $
Seller Concession $/%: $
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; North/South Exp
Vegetation: Natural Vegetation
Road Responsibility: City Maintained Road
Traffic Count: Not Available
Topography: Level
Existing Structures: None
Water: 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 Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: 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
Last Updated: November - 18 - 2022
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