$5,400,000
43240 N BLACK CANYON Highway 2
Phoenix, AZ 85086
MLS# 5987972
Status: Closed

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Property Description
Commercial development opportunity, 16.1 acres of retail, office or multifamily development adjacent to Anthem Outlet Mall. This land consists of 4 parcels zoned C-2. There is dual ingress and egress access from the i-17 Freeway Frontage Road and 43rd Ave. Utilities are at the site. The location is ideal for much needed restaurants and more retail space in the Anthem community with the Outlet Mall on the south and the Goodwill Store on the NW corner. Total populations within 10 miles; 61,736 and consistently growing. Anthem is the gateway to northern Arizona and a major shopping hub for the towns and county to the north of Phoenix. This high traffic area only has a few land parcels left and this is the largest commercial property available in the area.

Details
Maps
Documents
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $5,400,000
Sold Price: $5,400,000
Status: Closed
List Date: 2019-10-03
Location, Tax & Legal
Lot #: 2
Assessor's Map #: 23
Legal Description (Abbrev): LOT 2 DESERT HILLS ANTHEM ADDITION MCR 134101
Assessor's Parcel #: 618
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 610000
Taxes: 7327
Tax District: 971300
Marketing Name: Anthem C2 -16 Acres
Map Code/Grid: E33
House Number: 43240
Compass: N
Street Name: BLACK CANYON
St Suffix: Highway
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85086
Zip4: 7039
Country: US
County Code: Maricopa
Assessor Number: 202-23-618
Subdivision: DESERT HILLS ANTHEM ADDITION
Tax Year: 2019
General Property Description
Apx Total Acres: 16.1
Apx Total Acres G/N: G
Price Per Acre: 335403.73
# Lots in Listing: 4
Apx SqFt: 701319
Price Per SqFt: 7.7
Apx SqFt G/N: G
Lot Size Dimensions: Irregular
Elementary School District: Deer Valley Unified District
High School District: Deer Valley Unified District
Elementary School: Anthem School
Jr. High School: Canyon Springs STEM Academy
High School: Boulder Creek High School
Zoning: Commercial
Legal Info
Range: 2E
Section: 10
Township: 6N
Lot Number: 2
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 4750000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Existing Land Use
Commercial Lot: 1
Commercial Acreage: 1
Zoned Presently
Commercial: 1
Potential Use
Multi-Family: 1
Commercial: 1
Industrial: 1
Mobile/Mgf Hme/RV's: 1
Office: 1
Retail: 1
Pad Site: 1
Hotel/Motel: 1
P.A.D.: 1
Parcel Size
20.00 - 39.99 Acres: 1
Current Density
Other (See Rmks): 1
Proposed Density
Other (See Rmks): 1
Development Status
Subdivision Plat Apv: 1
On Site Imp Cmplete: 1
Other: 1
See Remarks: 1
Land Features
Curb(s) & Gutter(s): 1
Dual Street Ftg: 1
Sidewalk(s): 1
North/South Exp: 1
Other: 1
See Remarks: 1
View
Mountain(s): 1
Elevation
1,001 - 2,000 Ft: 1
Elevation Source
Other (See Remarks): 1
Vegetation
Natural Vegetation: 1
Land Configuration
Square Rectangular: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Traffic Count
Other (See Rmks): 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
Frontage: 1
Sewer
Sewer - Public: 1
Sewer-In & Connected: 1
Electric
APS: 1
Topography
Level: 1
Gas
SW Gas: 1
Existing Structures
None: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
SBA: 1
Special
Incorporated Area: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: I-17 & Anthem Way
Directions: I-17 to Anthem Way west to Frontage Road or 43rd Ave.
Geo Lat: 33.876854
Geo Lon: -112.149899
Status Change Info
Off Market Date: 2021-08-25
Under Contract Date: 2021-05-24
Close of Escrow Date: 2021-12-20
Sold Price: $5,400,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Lot; Commercial Acreage
Zoned Presently: Commercial
Potential Use: Multi-Family; Commercial; Industrial; Mobile/Mgf Hme/RV's; Office; Retail; Pad Site; Hotel/Motel; P.A.D.
Parcel Size: 20.00 - 39.99 Acres
Current Density: Other (See Rmks)
Proposed Density: Other (See Rmks)
Development Status: Subdivision Plat Apv; On Site Imp Cmplete; Other; See Remarks
Land Features: Curb(s) & Gutter(s); Dual Street Ftg; Sidewalk(s); North/South Exp; Other; See Remarks
View: Mountain(s)
Elevation: 1,001 - 2,000 Ft
Elevation Source: Other (See Remarks)
Vegetation: Natural Vegetation
Land Configuration: Square Rectangular
Road Access Type: Dedicated Street
Road Surface Type: Asphalt
Traffic Count: Other (See Rmks)
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Electric: APS
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
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; SBA
Special: Incorporated Area
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Fencing: None
IDX
Listing Office: Russ Lyon Sotheby's International Realty

Last Updated: July - 31 - 2023

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