$2,950,000
Phoenix, AZ 85035
MLS# 6060120
Status: Closed
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Property Description
SELLER FINANCING AVAILABLE! Ready to BUY & BUILD? Phoenix High Density Multi Family 6.20 Acres, PAD-14 Zoning as 29 units/acre, with City Entitlement dated 2008 on file and with Preliminary Blueprints available. HIGHLY DESIRABLE area for Multifamily Project! Property ALLOWS up to 180 units, FRONTAGE on both 59th Ave and Thomas Rd, SUBDIVIDE PARCEL for COMMERCIAL USE is possible. Shopping, Schools, FREEWAYS all nearby and PARCEL surrounded by Residential Neighborhoods. Great TRAFFIC COUNT @ 30,000+ cars per day on Thomas Rd and 30,000+ cars on 59th Ave, located intersection 59th Ave & Thomas Rd. MULTIPLE ACCESS Points from 59th & Thomas Rd. Just 1.5 miles from I-10 Freeway, EASY ACCESS to ENTIRE VALLEY! Opportunity to Buy, Develop, Build, Rent, Sell all in ONE Perfect PHOENIX Location!
Details
Maps
Contract Information
Current Price: $2,950,000
Sold Price: $2,950,000
Status: Closed
List Date: 2020-04-01
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2
Variable Commission: Y
Location, Tax & Legal
Map Code/Grid: P32
House Number: 2822
Compass: N
Street Name: 59TH
St Suffix: Avenue
Lot #: 2
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85035
Country: USA
County Code: Maricopa
Assessor's Map #: 14
Assessor's Parcel #: 346
Add'l Parcels: No
Assessor Number: 103-14-346
Legal Description (Abbrev): LOT 2 COYOTE'S ACRES MCR 036413
Subdivision: COYOTE'S ACRES
Census Tract: 112504
Tax Municipality: Phoenix
Taxes: 25564
Tax Year: 2019
General Property Description
Apx Total Acres: 6.2
Apx Total Acres G/N: G
Price Per Acre: 475806.45
# Units Allowed: 180
Apx SqFt: 270551
Price Per SqFt: 10.9
Apx SqFt G/N: G
Horses: N
Zoning: PAD-14
Remarks & Misc
Cross Street: 59th Avenue and Thomas Road
Directions: I-10 exit go north on 59th Ave to Thomas Rd.
Geo Lat: 33.47947
Geo Lon: -112.188299
Status Change Info
Status Change Date: 2020-09-18
Off Market Date: 2020-09-18
Under Contract Date: 2020-05-20
Close of Escrow Date: 2020-09-17
Sold Price: $2,950,000
Legal Info
Township: 2N
Range: 2E
Section: 31
Lot Number: 2
Pmt & Rate Info
Equity: 2950000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Contact Info
List Agent Home Phn: 602-366-5078
List Agent Cell Phn2: 602-366-5078
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 Acreage; Commercial Acreage
Zoned Presently: Multi-Family; Planned Unit Devlp; Commercial
Potential Use: Multi-Family; Commercial
Parcel Size: 5.00 - 9.99 Acres
Current Density: 26 - 30 Units P/Acre
Proposed Density: 26 - 30 Units P/Acre
Development Status: Raw Land
Vegetation: Natural Vegetation; See Remarks
Land Configuration: Irregular Shape; Other (See Rmks)
Roads/Streets: Asphalt; Dedicated Street; Curb(s) & Gutter(s); Sidewalk(s)
Traffic Count: 25,001 to 35,000
Freeway/Highway: 1.1 - 2 Miles
Topography: Level
Existing Structures: None
Water: City Franchise
Sewer: Sewer - Public; Sewer - Available
Electric: APS
Gas: Other (See Rmks)
Distance to Cable: Under 350 Feet
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Conventional
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: Conventional; Seller May Carry; 1031 Exchange
Use Restrictions: Other (See Rmks)
Reports/Disclosures: None
Environmental: None
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
Fencing: Chain Link
Listing Office: Get Multifamily
Last Updated: June - 15 - 2021
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