16700 N Reems Road 16, Surprise, AZ 85374 (MLS# 6132345)

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

Overview

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.

Listing Details MLS# 6132345

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
US
County Code
Maricopa
Assessor Number
509-12-327-A
Subdivision
ORCHARDS MOD AMD
Tax Year
2020

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Agency

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.

Status Change Info

Off Market Date
2021-12-14
Under Contract Date
2020-10-26
Close of Escrow Date
2021-12-13

Legal Info

Township
3N
Range
1W
Section
5
Lot Number
16

More Information

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; 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
IDX
Listing Office: City to City Commercial
Last Updated: November - 18 - 2022
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