Auction Information
7.25 Acres in Avondale, AZ
Property 1202-153
7.25 Acre Mixed-Use Highway 85 Development Site
Published Reserve
$550,000
Last Asking
$788,000
Size
7.25 Acres
Zoning
PAD (Planned Area Development District)
Property Inspection
At Any Time
Description
This 7.25 acre development site is located in Avondale, with frontage along Highway 85 and near the southwest corner of El Mirage Road. This location in the city of Avondale has good access north to Interstate 10 and Loop 101. Avondale is projected to have significant population growth by the year 2020.
The property is comprised of four tax parcels ranging in size from .74 acre to 2.29 acres, and is zoned PAD. The site was acquired in order to develop a senior living community with a total of 153 units for assisted living and independent living, within a mix of one to three story buildings. A Phase One Environmental Site Assessment was prepared, which is av...
The property is comprised of four tax parcels ranging in size from .74 acre to 2.29 acres, and is zoned PAD. The site was acquired in order to develop a senior living community with a total of 153 units for assisted living and independent living, within a mix of one to three story buildings. A Phase One Environmental Site Assessment was prepared, which is available in the Supplemental Information Package.
The Planned Area Development District Zoning is designed to promote mixedused developments and/or residential subdivisions. (Please see Supplemental Information Package for detail.) The site has 650 feet of frontage and depth of 500 feet. A residential subdivision is along the southern and southeast boundary. There are some remains of a masonry building on the property.
All utilities are available to the site.
Location
Highway 85 and El Mirage Road, Avondale, Arizona, 85323. APN# 50040001A and 50040 002A, 50040006D, 50040006F.
SEALED BIDS DUE NO LATER THAN 5:00 P.M., May 16, 2012
The listing Arizona broker for Auction #153155 is CBRE Becky Wells, 6027355581
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