2 W Germann Road -, Chandler, AZ 85286

$6,500,000
Property Type: Land Lot Size (sq. ft.): 513,363 Status: Closed
Current Price: $6,500,000 List Date: 2/06/2020 Last Modified: 2/03/2025

Overview

Description

This property consists of 513,363 SF (11.79 acres) of multifamily and commercially-zoned raw land, located in the heart of Chandler. The commercial zoning runs along Arizona Avenue, with the rest of the property zoned for multifamily. The East Valley of Phoenix has been the primary driver of development growth in recent years and the Phoenix MSA is now predicted to be the number one city in terms of residential development growth in 2017. The property has 785' of street frontage along Arizona Avenue and has 640' of street frontage along Germann Road. The property is one mile from the Loop 202, which provides great accessibility to the rest of the Valley and within close proximity to Downtown Chandler, Gilbert Crossroads Towne Center, Chandler Municipal Airport.

Listing Details MLS# 5953013

Location, Tax & Legal

Map Code/Grid
U38
House Number
2
Compass
W
Street Name
Germann
St Suffix
Road
City/Town Code
Chandler
State/Province
AZ
Zip Code
85286
Country
US
County Code
Maricopa
Assessor Number
303-27-017-W
Tax Year
2018

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
11.79
Apx Total Acres G/N
G
Price Per Acre
551314.67
Apx SqFt
513363
Price Per SqFt
12.66
Apx SqFt G/N
G
Lot Size Dimensions
+/- 580x110x245x564x30x376x410x14x208x14x431
Street Frontage
1425
Zoning
C-2 & M-3

Remarks Misc

Cross Street
Arizona Ave & Germann Road
Directions
Located 1 mile from Loop 202 and close to Downtown Chandler, Gilbert Crossroads Towne Center, Chandler-Gilbert Community College, and the Chandler Municipal Airport.

Status Change Info

Off Market Date
2020-04-28
Under Contract Date
2019-09-17
Close of Escrow Date
2020-04-27

Legal Info

Township
2S
Range
5E
Section
4
Lot Number
-

More Information

Sold Info

Loan Type
Other
Closing Cost Split
Normal - N
Payment Type
Other
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Commercial Lot; Other (See Rmks) Zoned Presently: Multi-Family; Commercial; Other (See Rmks) Parcel Size: 10.00 - 19.99 Acres Water Source: Other; See Remarks Sewer: Other Electric: Other (See Rmks) Gas: Other (See Rmks) Distance to Cable: Call Listing Office Distance to Phone: Call Listing Office Distance to Water: Call Listing Office Distance to Electric: Call Listing Office Distance to Gas: Call Listing Office Distance to Sewer: Call Listing Office Existing 1st Loan: Other (See Rmks) Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Other (See Rmks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Rmks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Other (See Rmks) Environmental: Other (See Rmks) Lockbox Type: None Fencing: None
IDX
Listing Office: Sperry Commercial
Last Updated: February - 03 - 2025
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