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320 Hatcher Rd - Fully approved plans ready for development 0.68 Acres of Commercial Land Offered at $849,500 in Phoenix, AZ 85020

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EXECUTIVE SUMMARY

Shovel ready, fully approved project awaiting a developer to pull permits. Plan set conveys with sale. This 2 story, 20 unit multi-family project is zoned as R-5 High Density Multi-Family located within the Hatcher District Overlay that allows restaurants, office, and retail within new developments. There are 10 garages, 20 additional surface parking spaces, 4 three bed/two bath, 6 two bed/two bath, 2 one bed/one bath, and 8 studios. The development consists of 16,396 square feet.

PROPERTY FACTS

Price	$849,500	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Mixed Use Multifamily Apartment Units Industrial Live or Work Unit Storefront, Retail or Residential
No. Lots	1	Total Lot Size	0.68 AC
Property Type	Land
Zoning	R-5 - R-5, High Density Multi-Family

Price	$849,500
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Mixed Use Multifamily Apartment Units Industrial Live or Work Unit Storefront, Retail or Residential
Total Lot Size	0.68 AC
Zoning	R-5 - R-5, High Density Multi-Family

1 LOT AVAILABLE

Lot

Price	$849,500	Lot Size	0.68 AC
Price Per AC	$1,249,264.71

Price	$849,500
Price Per AC	$1,249,264.71
Lot Size	0.68 AC

0.678 Acres of R-5 multifamily with approved plans to build 20 unit apartment complex

DESCRIPTION

Plan set conveys with sale. Mylar is approved for re-plat. Permits for civil, grading and drainage, landscape/salvage, fire line, and backflow have been approved. Bonds have been purchased and assigned to permits for work in the easements. Architect and design team is self-certified and will have construction permits approved 5 days after site plan is approved. Site has been submitted for City review. This 2 story, 20 unit multi-family project is zoned as R-5 High Density Multi-Family located within the Hatcher District Overlay that allows restaurants, office, and retail within new developments. The current unit mix is very diverse to make this a unique project for the area. There are 10 garages, 20 additional surface parking spaces, 4 three bed/two bath, 6 two bed/two bath, 2 one bed/one bath, and 8 studios. The development consists of 16,396 square feet of living area. Buyer to pay for permits with their general contractor of record.

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