$1,400,000
Mesa, AZ 85205
MLS# 6512997
Status: UCB (Under Contract-Backups)
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Property Description
PERMIT APPROVED!! Shovel ready multifamily site ready to build 38 units on! Over TWO ACRES on a popular corner intersection-great investment/development opportunity! This hard to find in-fill project is in a highly desirable area of Mesa with great schools. Building plans for 38 unit condominium development with permit approval are included with the sale! Ideal location, minutes to the 202 Freeway and the 60 Freeway, tons of stores and restaurants, parks and walking trails and so much more!
Details
Maps
Contract Information
Current Price: $1,400,000
List Price: $1,400,000
Status: UCB (Under Contract-Backups)
List Date: 2023-01-27
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
Map Code/Grid: Q41
House Number: 5950
Compass: E
Street Name: ADOBE
St Suffix: Road
Lot #: -
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85205
Country: USA
County Code: Maricopa
Assessor's Map #: 78
Assessor's Parcel #: 820
Add'l Parcels: No
Assessor Number: 141-78-820
Legal Description (Abbrev): TRACT A ALTA MESA 5D LOT 1-58 TR A B MCR 028120
Subdivision: ALTA MESA 5D LOT 1-58 TR A B
Census Tract: 420209
Tax Municipality: Mesa
Tax Year: 2021
General Property Description
Apx Total Acres: 2.1
Apx Total Acres G/N: G
Price Per Acre: 666666.67
Apx SqFt: 91345
Price Per SqFt: 15.33
Apx SqFt G/N: G
Lot Size Dimensions: 314'X279'
Zoning: RM-3-PAD
Flood Zone: No
Elementary School: Mendoza Elementary School
Jr. High School: Shepherd Junior High School
High School: Red Mountain High School
Elementary School District: Mesa Unified District
High School District: Mesa Unified District
Remarks & Misc
Cross Street: RECKER RD. & UNIVERSITY DR.
Directions: On University Dr. & Recker Rd., head North on Recker Rd. past University Dr, lot is on the West (Left) side, on the NW corner of Adobe & Recker.
Geo Lat: 33.430631
Geo Lon: -111.702449
Status Change Info
Status Change Date: 2024-04-24
UCB or CCBS: UCB (Under Contract-Backups)
Legal Info
Township: 1N
Range: 6E
Section: 14
Lot Number: -
Pmt & Rate Info
Equity: 1685000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Property Features
Special Listing Cond: Owner/Agent
Existing Land Use: Residential Lot; Residential Acreage
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: 1.00 - 2.49 Acres
Current Density: 16 - 20 Units P/Acre
Development Status: Raw Land; Plans Available
Land Features: Corner Lot
Land Configuration: Square Rectangular
Roads/Streets: Asphalt; Curb(s) & Gutter(s); Sidewalk(s)
Road Responsibility: City Maintained Road
Freeway/Highway: 2.1 - 5 Miles
Topography: Level
Existing Structures: None
Water: City Franchise
Sewer: Sewer - Available
Electric: SRP
Gas: City Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Use Restrictions: C.C. & R's
Reports/Disclosures: Seller Prop Disc Stm; Boundary Survey Avlb
Environmental: None
Lockbox Type: None
Fencing: Block
Listing Office: My Home Group Real Estate
Last Updated: April - 24 - 2024
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Monday 29th of April 2024 01:40 PM