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- LoopNet Team
8026 S 24th St
Phoenix, AZ 85042
24th Street & Baseline Land - Development Opp · Land For Sale
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2.16 AC
INVESTMENT HIGHLIGHTS
- ±2.16 Acre Development Opportunity in the Popular South Mountain Area
- Walking Distance to South Mountain Community College
- South Mountain Preserve Is Less Than Two Miles South With Extensive Hiking & Panoramic Views
- Preliminary Site Plan Approved for 24 Units
- Less Than 15 Minutes to Sky Harbor International Airport
- The Heart of Downtown Phoenix Is Just Five Miles Northwest
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 2.16 AC |
| Zoning | R-3 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 2.16 AC |
| Zoning | R-3 |
DESCRIPTION
This land investment is a multifamily development opportunity on ±2.16 acres of vacant land. It sits just south of the Baseline corridor in the popular South Mountain submarket. South of the Salt River, the South Mountain area is anchored by South Mountain Park, with extensive hiking trails and panoramic views from Dobbins Lookout. In the foothills are The Mystery Castle; a whimsical house with tours, the petite San Francisco Xavier Mission; built in 1940, in addition to several golf courses. Shopping plazas run the length of the otherwise residential area, with Phoenix Sky International Harbor Airport just minutes to the north. Beautiful mountain views are common to most developments in the area and this property is no exception, with the entrance to South Mountain Preserve being less than two miles to the south. The heart of downtown Phoenix is also just five miles north giving future residents access to all that downtown has to offer. The South Mountain submarket has long been popular with residents looking to live in a more rural-feeling area but still close to everything. With many dining, shopping, and entertainment options; as well as multiple freeway access points within minutes, this property will prove to be a phenomenal development opportunity in a phenomenal location. This ±2.16-acre parcel offers a developer a prime development opportunity in a fantastic location. The site has a preliminary plan approved for 24 units but a developer could adjust it under the current zoning to allow for a lower density, “for-sale” townhome or cluster product or proceed with a high-density for-rent project. The site sits close to the base of South Mountain offering beautiful views of, and access to, the South Mountain Park. It is also walking distance to South Mountain Community College as well as is minutes away from both the popular Legacy and Raven Golf Courses. Its close proximity to the Airport (less than 15 minutes away) as well as to Downtown Phoenix (less than 20 minutes away) make this a great location for residents to enjoy all parts of the valley.
