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1627 W Colter St - Craftsman on Colter Townhomes (Proposed) 1.98 Acres of Residential Land Offered at $2,500,000 in Phoenix, AZ 85015
PROPERTY FACTS
| Price | $2,500,000 | Proposed Use | Apartment Units |
| Sale Type | Investment | Total Lot Size | 1.98 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | R-3 - R-3 Residential | ||
| Price | $2,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.98 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | R-3 - R-3 Residential |
1 LOT AVAILABLE
Lot
| Price | $2,500,000 | Lot Size | 1.98 AC |
| Price Per AC | $1,262,626.26 |
| Price | $2,500,000 |
| Price Per AC | $1,262,626.26 |
| Lot Size | 1.98 AC |
1.98 AC of land zoned R-3
DESCRIPTION
The Craftsman on Colter Townhomes project will comprise 27 two and three-bedroom units. Each townhome will be two-story, with an individual yard and two-car garage. Each unit will average 1,300 square feet. The property is strategically located in one of the most desirable and affordable neighborhoods in the Valley, just south of Missouri Avenue and east of 19th Avenue. With 1.98 acres of R-3 zoning, the buyer will be able to develop up to 27 lots, similar to the new single-family subdivisions in the surrounding neighborhood. This project is less than a quarter mile south of Christown Spectrum Mall where Walmart, Target, Big 5, Dollar Tree, PetSmart, Ross Dress for Less, Walgreens, and Harkins Theatre are tenants. For convenience, the Phoenix Light Rail is less than a mile to the east, about a 15 minute walk. The Abrazo Central medical campus offers a 216-bed acute care facility just to the north of the property. Fry’s marketplace and Albertson’s are nearby grocers.
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1627 W Colter St - Craftsman on Colter Townhomes (Proposed)
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