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4632 N 14th Pl - Wonderview at Highland 2.49 Acres of Residential Land Offered at $3,950,000 in Phoenix, AZ 85014
Investment Highlights
- High Demand Infill Property.
- Surrounded by area amenities has increased the viability for pedestrian and mobility travel along Highland Avenue.
- Approved PUD Zoned that include two-story or structures up to 35' tall with 50% coverage.
- Located only 1.5 miles from The Biltmore Fashion Square and less than 5 miles from Sky Harbor Airport.
Executive Summary
The subject property went through an extensive rezone from R1-6 to now PUD which allows mixed-use with residential and commercial space. Specifically, approvals include two-story buildings or structures up to 35’ tall with 50% coverage with proposed residential on the south of the site and retail on the north of the site fronting Highland Avenue.
Located only 1.5 miles from The Biltmore Fashion Square and less than 5 miles from Sky Harbor Airport, Wonderview at Highland is truly centrally located. Surrounded by area amenities has increased the viability for pedestrian and mobility travel along Highland Avenue.
Extensive due diligence materials can be made available including an ALTA Survey, Phase 1, Geotechnical Soils Report, and approved PUD zoning package.
Creative seller financing terms present the opportunity for a land bank allowing a Buyer to secure construction and permanent financing. Seller to cooperate with a 1031 Buyer circumstance.
Property Facts
1 Lot Available
Lot
| Price | $3,950,000 | Lot Size | 2.49 AC |
| Price Per AC | $1,586,345.38 |
| Price | $3,950,000 |
| Price Per AC | $1,586,345.38 |
| Lot Size | 2.49 AC |
Description
Site Location: SWC 14th Place and Highland Avenue, Phoenix, Arizona Gross Land Area: 2.49 Acres (108,464 SF) Parcel Number: 155-02-005A, 155-02-002J, 155-02-002K Offering Price: $3,950,000 (Seller Financing Terms Available) Price Per Square Foot: $36/SF Zoned: Approved PUD Zoning | R-3A Multifamily Across Site with C-1 Neighborhood Retail Zoning Permitted Uses on North Portion. DD Materials Available: ALTA Survey, Phase 1, Geotechnical Soils Report, and approved PUD Zoning Package. Seller makes no representations on materials. Status: Zoning approved and plat ready.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $22,285 | Total Assessment | $80,632 |
Property Taxes
Presented by
Kocour Company
4632 N 14th Pl - Wonderview at Highland
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