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
Last Updated: November - 18 - 2022
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