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2401 W Indian School Rd
Phoenix, AZ 85015
Legacy 24 · Land For Sale
·
4.50 AC
Investment Highlights
- Stable, high income producing commercial rental property.
- Development options for retail, multi-family (R5), and commercial options exist.
- Upside in annual rent increases and available ~30,000 SqFt C3 for Additional Units or Commercial Rental/Redevelopment.
- Currently a cash-flowing mobile home park with long-term rental history.
- Close to the University of Arizona’s campus, which builds the case for student housing development.
- Assemblage with adjacent parcels for over 6+ acres of total land area for even larger project potential.
Property Facts
| Property Type | Land | Total Lot Size | 4.50 AC |
| Property Subtype | Residential | No. Stories | 1 |
| Proposed Use | |||
| Zoning | R1-6/C-3/R-5 - see pre application for R-5 Zoning | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 4.50 AC |
| No. Stories | 1 |
| Zoning | R1-6/C-3/R-5 - see pre application for R-5 Zoning |
Description
Stable, high income producing commercial rental property with long-term tenants on a ~4.5 acre parcel in Central Phoenix. Upside in annual rent increases (Next scheduled Oct 2023) and available ~30,000 SqFt C3 for Additional Units or Commercial Rental/Redevelopment. Future parcel development opportunities with City of Phoenix rezone R5 pre-application approved.
Property Taxes
| Parcel Number | 110-02-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $50,363 |
Property Taxes
Parcel Number
110-02-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$50,363
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