Land•Multifamily•For Sale

3 MultiFamily Lots; 0.51 + - Ac, R-5

422-426 N 32nd Place, Phoenix, Arizona 85008

Sale Price $165,000
Sale Type Development
Land Area .51 Acres
Land Use MultiFamily
Market Phoenix
Sub-Market East Phoenix Airport
3 MultiFamily lots available, can be purchased together or separately. Main Points: • R-5 MultiFamily zoning • 0.51 +/- acres • Up to 43 units/acre • Up to 4 stories • All or separately available • $55,000 each lot • Each lot 7,500 sf, 50' wide x 150' deep • Less than 3 miles from SkyHarbor Airport Phoenix location characteristics Subject Property Location The subject property is located at 422-426 N 32nd Place in the City of Phoenix, Maricopa County, Arizona. The subject property is East of the City Center, less than 3 miles from SkyHarbor Airport and is a good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is good and in redevelopment phase in terms of commercial and residential use. The subject benefits from commuter and local traffic along Van Buren Street. The area is anticipated to experience growth in the foreseeable future due to City Redevelopment plan. Cities along the light rail are now allowing new ‘Walkable Urban’ zoning, with generally allows up to 5 stories in new construction along the light rail corridor. Metro Phoenix Location The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.
  • R-5 MultiFamily zoning
  • 0.51 +/- acres
  • Up to 43 units/acre
  • Up to 4 stories
  • All or separately available
  • $55,000 each lot
  • Each lot 7,500 sf, 50' wide x 150' deep
  • Less than 3 miles from SkyHarbor Airport
5/9/2019 6:55:58 PM 5/9/2019 8:27:58 PM

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