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Multifamily Development Site
10610 N 15th Lane, Phoenix, AZ 85029
N/A
1.09 AC
Land
Multifamily (land)
159-14-040-A; 159-14-042
- Electricity/Power
- Irrigation
- Water
- Telephone
- Cable
- Gas/Propane
-
Last Verified 8/5/2009
Listing ID 16266507
Description
Transwestern has been exclusively retained to sell this multifamily development site located within the I-17 Black Canyon Corridor. The property is currently zoned R-3 and provides an opportunity for a new buyer to hold the assets as investment property or develop as an apartment or townhome project. The property is available individually or as a portfolio with another site located at 2011 W. Morton Avenue, Phoenix, AZ 85021.
The property is located on the north side of Peoria Avenue between 15th and 16th Avenues. The property is one mile east of I-17 Freeway near the foot of North Mountain Park. Metrocenter Mall is also situated directly west of the property and provides access to retail shopping, entertainment amenities, and employment centers. Given the location and zoning, this site would be ideal for higher density multifamily development.
The property totals approximately 47,900 net square feet or 1.09 acres. The site is currently zoned City of Phoenix R-3A, which provides for high density residential development. The current zoning will allow for the construction of 23 - 26 total units. The positioning of the site along a high traffic thoroughfare and location near major retail amenities makes this site ideal for multifamily apartment or townhome development.
Map of 10610 N 15th Lane, Phoenix, AZ 85029 (Maricopa County)
Created 6/5/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.