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
- County Code
- Maricopa
- Assessor Number
- 303-27-017-W
- Tax Year
- 2018
- Lot #
- -
- Assessor's Map #
- 27
- Legal Description (Abbrev)
- POR SE4 SE4 SEC 4 DAF COM SE COR SD SEC 4 TH S 88D 54M W 758.05F TH N 55F TO POB TH N 610.04F TH N 8
- Assessor's Parcel #
- 17
- Assessor Parcel Ltr
- W
- Add'l Parcels
- No
- Tax Municipality
- Chandler
- Census Tract
- 812000
- Taxes
- 210.36
- Marketing Name
- VACANT LAND - C-2 & MF-3
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 $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Special Listing Cond
- N/A
- Yes
Pmt & Rate Info
- Equity
- 6500000
- Total Owed
- 0
Assoc/Prop Info
- HOA Y/N
- N
- PAD Fee Y/N
- N
- Assessed Balance
- 0
- HOA 2 Y/N
- N
Lockbox Type
- None
- Yes
Existing Land Use
- Residential Lot
- Yes
- Commercial Lot
- Yes
- Other (See Rmks)
- Yes
Zoned Presently
- Multi-Family
- Yes
- Commercial
- Yes
- Other (See Rmks)
- Yes
Parcel Size
- 10.00 - 19.99 Acres
- Yes
Fencing
- None
- Yes
Water Source
- Other
- Yes
- See Remarks
- Yes
Sewer
- Other
- Yes
Electric
- Other (See Rmks)
- Yes
Gas
- Other (See Rmks)
- Yes
Distance to Cable
- Call Listing Office
- Yes
New Financing
- Other (See Rmks)
- Yes
Distance to Phone
- Call Listing Office
- Yes
Distance to Water
- Call Listing Office
- Yes
Existing 1st Loan
- Other (See Rmks)
- Yes
Distance to Electric
- Call Listing Office
- Yes
Existing 1st Loan Type
- Not Applicable
- Yes
Distance to Gas
- Call Listing Office
- Yes
Existing 1st Loan Terms
- Not Applicable
- Yes
Distance to Sewer
- Call Listing Office
- Yes
Existing 2nd Loan
- Other (See Rmks)
- Yes
Existing 2nd Loan Type
- Not Applicable
- Yes
Existing 2nd Loan Terms
- Not Applicable
- Yes
Existing 3rd Loan
- Other (See Rmks)
- Yes
Existing 3rd Loan Type
- Not Applicable
- Yes
Reports/Disclosures
- Other (See Rmks)
- Yes
Existing 3rd Loan Terms
- Not Applicable
- Yes
Environmental
- Other (See Rmks)
- Yes
Existing Other Loan
- Not Applicable
- Yes
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
Listing Office:
Sperry Commercial
Last Updated: February - 03 - 2025
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