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83566 Playa La Jolla, Outside of USA,

Property Type: Comm/Industry Sale Square Footage: 300,000 Lot Size (sq. ft.): 596,772 Status: Active
Current Price: $24,500,000 List Date: 4/24/2023 Last Modified: 9/22/2023


Shovel ready and offering Seller Financing with 25% down 8% interest, 5 year balloon. Immediate construction on Sea of Cortez - 13.7 Acres of prestigious seaside gated community of Puerto Penasco, where unparalleled beauty of the sea of Cortez and the Morua Estuary come alive. Breathtaking views, Puerto Penasco is the perfect destination for investor looking for a shovel ready opportunity. Just a short fifteen to twenty-minute drive from the city center, Puerto Penasco offers a safe and friendly environment for families, groups, and individuals. Offering Seller Financing, Phase 1, 2 and 3 can each be sold separately.

Supplements: 25% return incentive on 13 unfinished units and adjacent pool by advancing 1.8 million on JV bases once these units are sold, plus first right opportunity in future phases. MAI APPRAISAL available upon request.

More Information MLS# 6548074

Contract Info

Current Price: $24,500,000 List Price: $24,500,000 Status: Active List Date: 2023-04-24 Ownership: Fee Simple Buyer/Broker: Y Buyer Broker $/%: %

Location, Tax & Legal

Map Code/Grid: C90 House Number: 83566 Street Name: Playa La Jolla St Suffix: -- City/Town Code: Outside of USA Zip Code: 00000 Country: USA County Code: Other Add'l Parcels: No Assessor Number: 000-00-000 Legal: 13.7 acre development of 263 condominium, 37 home sites. Tax Municipality: OUTSIDE ARIZONA

General Property Description

Ttl Apx SqFt Bldg: 300000 # of Buildings: 40 Year Built: 2026 Uncvrd Parking Spcs: 300 Zoning: MF, Hotel, RES

Remarks & Misc

Cross Street: Interstate 3 & Freemont Directions: Take Freemont west of Interstate 3 to Cam A Playa Encanto, road ends at development. Geo Lat: 31.535357 Geo Lon: -113.73422

Status Change Info

Status Change Date: 2023-04-24

Legal Info

Lot Number: 1-40

Income & Expenses

Owner Association: No

Pmt & Rate Info

Equity: 24500000

Showing Notification Methods

Showing Service: ShowingTime

Property Features

Building Type: Commercial; Other (See Remarks) Current Use: Mixed Use; Recreational; See Remarks Stories: 5 - 10 Stories Construction: Other (See Remarks) Roofing: Other (See Remarks) Floors: Other Ceiling Height: 8.1 Feet to 10 Feet Heating: Other Cooling: Other Loading Facilities: Other (See Remarks) Interior: Other (See Remarks) Exterior: Other (See Remarks) Fencing: See Remarks Amenities: Other (See Remarks) Parking: Other (See Remarks) Electric: Underground; Individual Meter; Other (See Remarks) Gas: Underground; Other (See Remarks) Water: Other Sewer: Sewer - Available; Other (See Remarks) Freeway/Highway: 1.1 - 2 Miles Railroad: Other (See Remarks) Owner Wants: Owner May Carry; 1031 Exchange; Trade Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Source of Fincl Data: Unknown Existing 1st Loan: Other (See Rmks) Existing 1st Ln Type: Not Applicable Existing 1st Ln Trms: Not Applicable Existing 2nd Loan: Other (See Remarks) Existing 2nd Ln Type: Not Applicable Existing 2nd Ln Trms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Ln Type: Not Applicable Existing 3rd Ln Trms: Not Applicable Existing Othr Ln Trm: Not Applicable Roads/Streets: Gravel; Treated; Asphalt Traffic Count: Up to 5,000 Reports/Disclosures: Soil Test; Perc Test; Seller Prop Disc Stm; Archeological Site; Coastal Barrier Act; Appraisal; Boundary Survey Avlb; ALTA Survey Availbl; Development Plan Avl; Special Assmnt Dist; Water Cap/Quality Rp; Vicinity of an Airport; Flood Elevation Certificate; Other (See Remarks) Use Restrictions: Other (See Remarks) Environmental: Phase I Available; Phase II Available; Other (See Remarks)
Listing Office: Russ Lyon Sotheby's International Realty
Last Updated: September - 22 - 2023
83566 Playa La Jolla, Outside of USA,- MLS# 6548074
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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