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- LoopNet Team
28th st
Phoenix, AZ 85040
Land For Sale
·
0.75 AC
INVESTMENT HIGHLIGHTS
- Opportunity Zone
- Seller Financing
- Plans and permits / Shovel Ready
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.75 AC |
| Property Subtype | Commercial | Cross Streets | 28th st & Broadway |
| Proposed Use | Multifamily | ||
| Zoning | R5 - Opportunity Zone Permits pulled and ready for building | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.75 AC |
| Cross Streets | 28th st & Broadway |
| Zoning | R5 - Opportunity Zone Permits pulled and ready for building |
DESCRIPTION
R5 zoning which allows for up to 40 units This opportunity has 7 unit plan with permits Shovel ready Please reach out for more information. Key Features:** - **Location:** Situated in the highly desirable South Phoenix area, this property enjoys a prime location that offers convenience, accessibility, and strong growth potential. - **Lot Configuration:** The property consists of five subdivided plots, each ready for development. - **Entitlements and Permits:** The seller has already undertaken the work of entitling the land, saving you valuable time and effort. Plans and permits are in hand for the construction of three duplexes (each with 3 bedrooms) and one single-family home (with 4 bedrooms), all of which are already approved and ready for execution. Total liveable sq footage is 13,000 sq ft. - **Bonus Lot:** Additionally, a bonus 5th lot is available for development, enhancing the potential and flexibility of the property. - **Zoning:** The property is zoned R5, providing the opportunity for high-density housing development. Alternatively, with new plans and designs, the potential exists to create a medium-sized apartment complex of up to 40 units.
