$3,850,000
Casa Grande, AZ 85122
MLS# 6655423
1 / 6
Property Description
Opportunity to acquire a development site known as O'Neil Apartments. O'Neil Apartments is a shovel ready site with approved plans for a 193-unit apartment complex, consisting of 94 one-bedroom units, 94 two-bedroom units and 5 three-bedroom units. Az water and city sewer mains exist along the frontage. This development opportunity allows the owner to pull permits without delay. O'Neil Apartments will be located just east of Pinal Ave (Hwy 87) on O'Neil Drive. Less than a mile from the some of the major employers in Casa Grande including Lucid Motors, Walmart Distribution Center, Abbott Labs, Frito Lay, Daisy Brand, Hexcel and Price Industries. Other companies coming soon include Kohler and Chang Chun Arizona, a leading petrochemical company based in Taiwan.
Details
Maps
Contract Information
Current Price: $3,850,000
List Price: $3,850,000
Status: Active
List Date: 2024-01-25
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.5
Variable Commission: Y
Location, Tax & Legal
House Number: 151
Compass: W
Street Name: O'NEIL
St Suffix: Drive
Lot #: -
City/Town Code: Casa Grande
State/Province: AZ
Zip Code: 85122
Country: USA
County Code: Pinal
Assessor's Map #: 47
Assessor's Parcel #: 7
Add'l Parcels: Yes
Assessor Number: 504-47-007
Legal Description (Abbrev): N-587' OF E-670' OF SW SW OF SEC 17-6S-6E EXC A PCL 120' X 150' & LESS N-30' THEREOF SEC 17-6S-6E 8.
Subdivision: S17 T6S R6E
Census Tract: 1306
Tax Municipality: Casa Grande
Taxes: 1631
Tax Year: 2023
General Property Description
Apx Total Acres: 8.39
Apx Total Acres G/N: G
Price Per Acre: 458879.62
# Lots in Listing: 2
Apx SqFt: 365538
Price Per SqFt: 10.53
Apx SqFt G/N: G
Lot Size Dimensions: irregular
Street Frontage: 679
Zoning: Multifamily
Elementary School District: Casa Grande Elementary District
High School District: Casa Grande Union High School District
Remarks & Misc
Cross Street: Pinal Ave. 387 & Cottonwood Ln
Directions: North on Pinal East on O'Neil to Property.
Geo Lat: 32.897232
Geo Lon: -111.754219
Status Change Info
Status Change Date: 2024-01-25
Legal Info
Township: 06S
Range: 06E
Section: 17
Lot Number: -
Pmt & Rate Info
Equity: 3850000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Acreage; Other (See Rmks)
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: 5.00 - 9.99 Acres
Current Density: 21 - 25 Units P/Acre
Proposed Density: 21 - 25 Units P/Acre
Development Status: Raw Land; Plans Available; Plans Included; See Remarks
Elevation: 1,001 - 2,000 Ft
Elevation Source: Topo Survey
Vegetation: Low Desert
Land Configuration: Square Rectangular
Roads/Streets: Asphalt
Road Responsibility: City Maintained Road
Traffic Count: Unknown
Freeway/Highway: Up to 1 Mile
Topography: Level
Existing Structures: None
Water: Private Franchise; See Remarks
Sewer: Sewer - Public; Sewer - Available; Other (See Remarks)
Electric: APS
Gas: None
Distance to Cable: Within 1/2 Mile
Distance to Phone: Under 350 Feet
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: None
Distance to Sewer: Under 350 Feet
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 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
Special: Incorporated Area
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Fencing: None
Listing Office: Elite Real Estate Pros
Last Updated: February - 02 - 2024
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