Litchfield Park, AZ 85340
idential (R1-6) shall apply. (Ord. 16-214 § 1 (part)) 27C.01 65-7 (Litchfield Park Zoning Supp. No. 28, 4-25) SECTION 27C CITY CENTER (CTR) DISTRICT Subsections: 27C.01 Land Use Definition 27C.02 Use Regulations 27C.03 Property Development Standards 27C.04 Design Criteria 27C.01 Land Use Definition City Center: This category provides areas for pedestrian-ori…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R1 · Litchfield Park, AZidential (R1-6) shall apply. (Ord. 16-214 § 1 (part)) 27C.01 65-7 (Litchfield Park Zoning Supp. No. 28, 4-25) SECTION 27C CITY CENTER (CTR) DISTRICT Subsections: 27C.01 Land Use Definition 27C.02 Use Regulations 27C.03 Property Development Standards 27C.04 Design Criteria 27C.01 Land Use Definition City Center: This category provides areas for pedestrian-oriented commercial and civic core activities that include ground level retail shops and restaurants, government and profes- sional offices, public parks and plazas. Multi- family residential units may be allowed with a development agreement if approved by the council. Any such use shall consist of a verti- cally integrated mixed-use project, where at least thirty percent of the project’s gross floor area (GFA) is dedicated to nonresidential uses. The city center (CTR) district may be approved in the downtown area where the city council determines an intense commercial core is appropriate. At the effective date of the ordi- nance codified in this section, the city of Litch- field Park owns the real property in the initial CTR district. As owner, the city intends to impose conditions on each lease or sale of real property to ensure that current and future uses of the property will be in the best interest of the city and its residents. (Ord. 25-290 § 2 (Exh. A)) 27C.02 Use Regulations a. A building or premises shall be used only for the purposes as set forth in Table 27C.02A - City Center Land Use Regulations: ‘P’ Permitted without special conditions ‘C’ Permitted with conditional use permit ‘T’ Permitted with a temporary use permit ‘D’ Permitted pursuant to a development agreement Table 27C.02A - City Center Land Use Regulations LAND USES CITY CENTER (CTR) ADDITIONAL REQUIREMENTS Bar, Tavern, Cocktail Lounge C Community Facilities P Convention Center D Farmers’ Market, Outdoor P Financial Institutions P Fitness Center P Food Truck Court T Resort Expansion Rooms C 27C.02 65-8 (Litchfield Park Zoning Supp. No. 28, 4-25) b. Permitted Land Use Definitions Bar, Tavern or Cocktail Lounge An estab- lishment including, but not limited to, a cock- tail lounge, nightclub or tavern, the main use of which is to serve spirituous liquors for on-site consumption. Such a f acility may serve food, provide dancing and entertainment. Community Facilities A building or group of buildings providing public and community services including facilities that provide police and fire protection, ambulance services, public parking lots/garages and information centers.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.