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- LoopNet Team
2220 E Van Buren St
Phoenix, AZ 85006
23rd St & Van Buren · Land For Sale
·
4.63 AC
INVESTMENT HIGHLIGHTS
- Nearly 5-acre Downtown Phoenix site
- Extremely favorable city of Phoenix WU T5:5 zoning code
- Unmatched fully entitled OZ development opportunity
PROPERTY FACTS
DESCRIPTION
The proposed 407 apartment units and 15,000 SF of retail space is located at 2220 E Van Buren Street, Phoenix, AZ 85006 and is composed of three contiguous land parcels equaling 4.632 Acres or 201,769 square feet. The 2220 E. Van Buren site is situated within a Downtown Phoenix Opportunity Zone and presents advantageous tax incentives for the prospective developer. The entitled and approved building and development scheme proposes 87.9 DU per acre and/or a 1.99, excluding parking areas, FAR along with a permitted 56’ foot building height. The proposed building and structure at 2220 East Van Buren Street consist of a 407-unit multifamily complex, including a single level below grade parking garage, grade level parking, elevated podium slab at level 2, and 4 stories of wood apartments (including the roof) above the podium slab. At the ground level, 15,000 square feet of single-story ancillary buildings are proposed for leasing office, retail/restaurant, and maintenance. The outlined building structure and design was unanimously approved by city of Phoenix Planning and Zoning.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $142,513 | Total Assessment | $174,118 |
PROPERTY TAXES
