304-55-011 T -, Gilbert, AZ 85295 - MLS #6200270

images$3,950,000 images******** Beds

images******** Bath images358,012 sqft images********

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Description

Look no further! This property is a developers dream! Frontage on the soon to be 6 lane Germann Rd and visibility from the Loop 202 South Freeway! Major improvements in the area such as the diamond interchange of Germann Rd, expanding it to 6 lanes and the addition of a freeway on/off ramp at Lindsay Rd and loop 202. The addition of many new commercial, single family and multifamily properties within a 1 mile radius will bring businesses and patrons alike to this area. The increase in traffic and visibility make this property perfect for so many different businesses.

Property Features
Special Listing Cond: N/A
Existing Land Use: Farm; Other (See Rmks)
Zoned Presently: Industrial
Potential Use: Commercial; Industrial; Agricultural; Office; Retail; Pad Site; Ranch; Recreational; See Remarks
Parcel Size: 5.00 - 9.99 Acres
Land Features: Cul-De-Sac
Elevation: 1,001 - 2,000 Ft
Elevation Source: Owner
Vegetation: Row Crop
Land Configuration: Irregular Shape
Traffic Count: 15,001 to 25,000
Topography: Laser Level
Existing Structures: None
Water Source: City Franchise; Irrigation Ditch(es) -- Unlined
Sewer: Sewer - Public; Sewer - Available; Other
Electric: SRP; Other (See Rmks)
Gas: SW Gas; Other (See Rmks)
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
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
New Financing: Cash
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Contract Information
Current Price: $3,950,000
Sold Price: $3,950,000
Status: Closed
List Date: 2021-02-25
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
Map Code/Grid: U40
House Number: 304-55-011
Street Name: T
St Suffix: --
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85295
County Code: Maricopa
Assessor Number: 304-55-011-S
Subdivision: N/A
Tax Year: 2020
General Property Description
Apx Total Acres: 8.15
Apx Total Acres G/N: G
Price Per Acre: 523312.88
# Lots in Listing: 1
Apx SqFt: 358012
Price Per SqFt: 11.91
Apx SqFt G/N: G
Lot Size Dimensions: Irregular
Horses: N
Street Frontage: 110
Zoning: LI
Flood Zone: No
Remarks Misc
Cross Street: Germann Rd & SIlverado Ct.
Directions: From Loop 202 & Gilbert Rd, head South on Gilbert Rd., East on Germann Rd. to Intersection of Germann Rd. and Silverado Ct. Property located on NE corner.
Geo Lat: 33.277833
Geo Lon: -111.776254
Status Change Info
Off Market Date: 2022-09-27
Under Contract Date: 2022-05-23
Close of Escrow Date: 2022-10-25
Sold Price: $3,950,000
Legal Info
Township: 2S
Range: 6E
Section: 6
Lot Number: -
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $