5499 S LINDSAY Road -, Gilbert, AZ 85298

$700,000
Property Type: Land Lot Size (sq. ft.): 87,120 Status: Closed
Current Price: $700,000 List Date: 1/15/2021 Last Modified: 4/18/2023

Overview

Description

2-Acre sub-parcel to be parceled off the entire 12-acre property. The 2-acre piece will be the NWC of this property and zoning will be Town of Gilbert's Small Commercial. Allows for multiple uses including: office, small retail, small grocery, child care, restaurant, etc.

Listing Details MLS# 5898788

Location, Tax & Legal

Map Code/Grid
U40
House Number
5499
Compass
S
Street Name
LINDSAY
St Suffix
Road
City/Town Code
Gilbert
State/Province
AZ
Zip Code
85298
Country
US
County Code
Maricopa
Assessor Number
304-72-741
Subdivision
Small Commercial
Tax Year
2018
Lot #
-
Assessor's Map #
72
Legal Description (Abbrev)
TRACT X FELTY FARMS MCR 073937
Assessor's Parcel #
741
Add'l Parcels
No
Tax Municipality
Gilbert
Census Tract
815900
Taxes
1753

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
2
Apx Total Acres G/N
G
Price Per Acre
392500
Apx SqFt
87120
Price Per SqFt
9.01
Apx SqFt G/N
G
Lot Size Dimensions
300x290
Zoning
Small Commercia

Remarks Misc

Cross Street
NEC Lindsey and Ocotillo
Directions
NEC Lindsey and Ocotillo, sign on property.

Status Change Info

Off Market Date
2021-01-15
Under Contract Date
2020-09-03
Close of Escrow Date
2021-03-12

Legal Info

Township
2S
Range
6E
Section
17
Lot Number
-

More Information

Sold Info

Loan Type
SBA
Loan Years
10
Closing Cost Split
Normal - N
Payment Type
Fixed
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
785000
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

Commercial Lot
Yes

Zoned Presently

Commercial
Yes

Potential Use

Commercial
Yes
Retail
Yes

Parcel Size

1.00 - 2.49 Acres
Yes

Development Status

On Site Imp Needed
Yes

Vegetation

Natural Vegetation
Yes

Land Configuration

Square Rectangular
Yes

Road Surface Type

Gravel
Yes
Dirt
Yes

Fencing

Chain Link
Yes

Water Source

City Franchise
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Sewer

Sewer - Public
Yes

Electric

SRP
Yes
Underground
Yes

Topography

Level
Yes

Gas

None
Yes

Existing Structures

None
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes
Seller Approve Terms
Yes
Owner May Carry
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Existing 1st Loan Type

Not Applicable
Yes

Distance to Gas

None
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Distance to Sewer

On Property
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Soil Test
Yes
Seller Prop Disc Stm
Yes
ALTA Survey Alba
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Other Loan

Not Applicable
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Commercial Lot Zoned Presently: Commercial Potential Use: Commercial; Retail Parcel Size: 1.00 - 2.49 Acres Development Status: On Site Imp Needed Vegetation: Natural Vegetation Land Configuration: Square Rectangular Road Surface Type: Gravel; Dirt Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public Electric: SRP; Underground Gas: None Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: None Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional; Seller Approve Terms; Owner May Carry Environmental: None Lockbox Type: None Fencing: Chain Link
IDX
Listing Office: Anglin Properties LLC
Last Updated: April - 18 - 2023
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