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
- County Code
- Maricopa
- Assessor Number
- 509-12-327-A
- Subdivision
- ORCHARDS MOD AMD
- Tax Year
- 2020
- 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
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 $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Special Listing Cond
- N/A
- Yes
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
- Yes
Lockbox Type
- None
- Yes
Existing Land Use
- Residential Lot
- Yes
- Commercial Lot
- Yes
- Residential Acreage
- Yes
- Commercial Acreage
- Yes
Zoned Presently
- Multi-Family
- Yes
- Existing P.A.D.
- Yes
Potential Use
- Multi-Family
- Yes
Parcel Size
- 5.00 - 9.99 Acres
- Yes
Current Density
- 21 - 25 Units P/Acre
- Yes
- 26 - 30 Units P/Acre
- Yes
Proposed Density
- 21 - 25 Units P/Acre
- Yes
- 26 - 30 Units P/Acre
- Yes
Development Status
- Off Site Imp Complte
- Yes
Land Features
- Corner Lot
- Yes
- Sidewalk(s)
- Yes
- North/South Exp
- Yes
Vegetation
- Natural Vegetation
- Yes
Road Surface Type
- Asphalt
- Yes
- Concrete
- Yes
Road Responsibility
- City Maintained Road
- Yes
Traffic Count
- Not Available
- Yes
Water Source
- City Franchise
- Yes
Freeway/Highway
- 1.1 - 2 Miles
- Yes
Sewer
- Sewer - Public
- Yes
Electric
- APS
- Yes
Topography
- Level
- Yes
Gas
- SW Gas
- Yes
Existing Structures
- None
- Yes
Distance to Cable
- Call Listing Office
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
Distance to Phone
- Call Listing Office
- Yes
Distance to Water
- On Property
- Yes
Existing 1st Loan
- Treat as Free&Clear
- Yes
Distance to Electric
- On Property
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Distance to Gas
- Call Listing Office
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Distance to Sewer
- On Property
- Yes
Existing 2nd Loan
- Treat as Free&Clear
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Treat as Free&Clear
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- None
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- Other (See Rmks)
- Yes
Existing Other Loan
- Not Applicable
- Yes
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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