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32600 N 29th Ave - 344-Unit Planned Development Site 12.9 Acres of Commercial Land Offered at $10,250,000 in Phoenix, AZ 85085
Investment Highlights
- Zoned and planned for up to 344 multifamily units.
- Positioned within Phoenix's expanding North Gateway growth corridor.
- Adjacent to new apartment development, retail, and dining amenities.
- Located across from the Taiwan Semiconductor Manufacturing Company campus.
- Convenient access to Interstate 17, Loop 303, and Dove Valley Road.
- Approximately 12.9 acres with frontage along North 29th Avenue.
Executive Summary
The property is located adjacent to recently developed apartment communities and near established retail, dining, and service amenities. Proposed plans envision a four-story residential project with extensive parking, landscaped common areas, pedestrian connectivity, and direct access to the Skunk Creek Wash corridor. The combination of approved multifamily density, proximity to one of Arizona's largest employment drivers, and strong surrounding development activity positions the site for investors and developers seeking to capitalize on continued growth in North Phoenix.
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Property Facts
1 Lot Available
Lot
| Price | $10,250,000 | Lot Size | 12.90 AC |
| Price Per AC | $794,573.64 |
| Price | $10,250,000 |
| Price Per AC | $794,573.64 |
| Lot Size | 12.90 AC |
12.9-acre multifamily development site in North Phoenix zoned for up to 344 units. Located on 29th Avenue just south of Dove Valley Road, adjacent to existing apartment communities and near TSMC, Loop 303, and I-17.
Description
The property consists of approximately 12.9 acres at 32600 N. 29th Avenue in Phoenix, Arizona, within the North Gateway Village Core. The site is situated just south of Dove Valley Road and approximately one-half mile east of Interstate 17, offering convenient regional connectivity. Current plans call for a 344-unit multifamily community featuring four-story residential buildings, surface and garage parking, landscaped open space, and pedestrian amenities. Surrounding land uses include newly developed apartment communities, neighborhood retail centers, restaurants, and major employment-generating development. The property is located across from the Taiwan Semiconductor Manufacturing Company (TSMC) campus and near Loop 303, placing it within one of the region's most active growth corridors. Existing infrastructure, nearby commercial services, and expanding residential development contribute to the property's appeal as a future multifamily project in a high-demand area of North Phoenix.
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Tropical Smoothie Cafe | - | - | 1 min walk |
| Handel's Homemade Ice Cream | - | - | 1 min walk |
| Jersey Mike's Subs | - | - | 1 min walk |
| Chipotle Mexican Grill | - | - | 2 min walk |
| Tropical Smoothie Cafe | - | - | 2 min walk |
| Jersey Mike's Subs | - | - | 6 min walk |
| Limon Urban Kitchen | - | - | 7 min walk |
| Thai Chili 2 Go | - | - | 7 min walk |
| Nekter Juice Bar | - | - | 6 min walk |
| Limon Taco's & Tequila | - | - | 7 min walk |
Retail |
||
|---|---|---|
| Arizona Dental Professionals, Pc | MD/DDS | 6 min walk |
| Great Clips | Salon/Barber/Spa | 7 min walk |
| The Pet Wellness Center | Animal Care/Groom | 7 min walk |
| Devoted Family Dental | MD/DDS | 7 min walk |
| AutoZone | Automotive | 6 min walk |
| Fry's Food Pharmacy | Supermarket | 6 min walk |
| Fry’s Food Stores | Supermarket | 7 min walk |
| Pet Planet | Pet Shop/Supplies | 9 min walk |
| Quick Quack Car Wash | Other Office | 9 min walk |
| Litt Window Cleaning | Cleaners | 10 min walk |
Hotels |
|
|---|---|
| element |
95 rooms
10 min drive
|
| Holiday Inn Express |
96 rooms
10 min drive
|
| Best Western Plus |
97 rooms
11 min drive
|
| AC Hotels by Marriott |
182 rooms
10 min drive
|
| Hampton by Hilton |
76 rooms
10 min drive
|
| Home2 Suites by Hilton |
126 rooms
11 min drive
|
| WoodSpring Suites |
114 rooms
11 min drive
|
| Hilton Garden Inn |
126 rooms
12 min drive
|
| Residence Inn |
129 rooms
11 min drive
|
| Courtyard |
164 rooms
11 min drive
|
Property Taxes
| Parcel Number | 204-11-002F | Improvements Assessment | $0 |
| Land Assessment | $328,821 | Total Assessment | $328,821 |
Property Taxes
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32600 N 29th Ave - 344-Unit Planned Development Site