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- LoopNet Team
3146 E Angela Dr
Phoenix, AZ 85032
Land For Sale
·
1.55 AC
Investment Highlights
- Unapproved conceptual drawings provide for a 2-story, 24-unit (2-bedroom) apartment building.
- Highly attractive location with transportation ease to Kierland/Scottsdale Airpark and I-17/Deer Valley.
- Predominately residential area with commercial developments closer to Bell Road & Union Hills Road.
Property Facts
| Property Type | Land | Total Lot Size | 1.55 AC |
| Property Subtype | Commercial | ||
| Zoning | R-3, C-3 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.55 AC |
| Zoning | R-3, C-3 |
Description
Strategically located 1.55 AC multi-family redevelopment opportunity in the Northeast Phoenix submarket for sale. The property's zoning is 80% medium-density multi-family (R-3) and 20% general commercial (C-3). The property is currently used as a custom stone supplier, Architectural Stone Elements, and also has three single-family homes on the parcel adjacent to Saint John Road (APN: 214-03-123). The surrounding area is predominately a residential area with nearby multi-family developments and other recently completed commercial redevelopments closer to Bell Road & Union Hills Road along 32nd Street. This is an excellent opportunity to acquire a rare multi-family development opportunity just west of the SR-51. The properties submarket, The Northeast Phoenix submarket, through 2022, has continued to see strong multi-family sale transactions in addition to a plethora of commercial and multi-family development centered around 32nd Street & Bell Road.
