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$1,700,000
Est. payment /mo
2.08 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision 28Th Street Lofts
MLS Listing ID 6986821
HOA Y/N No
Annual Tax Amount $3,269
Tax Year 2025
Lot Size 2.080 Acres
Acres 2.08
Lot Dimensions 126x37x130x175x199x199x214
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
This Property is a rare opportunity to acquire a platted and partially entitled 28-unit multifamily development with the major pre-construction work completed.
This project owner has civil plans, landscape plans, MEP plans, and recently extended City of Phoenix permits. This allows an investor developer potentially years of entitlement risk, architectural coordination, and municipal approvals.
Highlights:
" Final plat completed for 28 units.
" Civil plans completed.
" Landscape plans completed.
" Complete MEP (HVAC, electrical, plumbing) engineering completed.
This offering dramatically reduces timeline risk and carrying costs by eliminating the most unpredictable phases of development -- zoning, engineering coordination, and permit approval.
Additionally, the project architect is available to answer any technical or design-related questions and assist the buyer throughout the transition process. The ownership team is prepared to support a smooth handoff and help facilitate the path to construction.
Ideal for builders or multifamily developers seeking a near shovel-ready asset in a high-demand rental market.
This project owner has civil plans, landscape plans, MEP plans, and recently extended City of Phoenix permits. This allows an investor developer potentially years of entitlement risk, architectural coordination, and municipal approvals.
Highlights:
" Final plat completed for 28 units.
" Civil plans completed.
" Landscape plans completed.
" Complete MEP (HVAC, electrical, plumbing) engineering completed.
This offering dramatically reduces timeline risk and carrying costs by eliminating the most unpredictable phases of development -- zoning, engineering coordination, and permit approval.
Additionally, the project architect is available to answer any technical or design-related questions and assist the buyer throughout the transition process. The ownership team is prepared to support a smooth handoff and help facilitate the path to construction.
Ideal for builders or multifamily developers seeking a near shovel-ready asset in a high-demand rental market.
Location
State AZ
County Maricopa
Community 28Th Street Lofts
Area Maricopa
Zoning R-3
Interior
Flooring Flooring
Exterior
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 122-58-131
Acceptable Financing Cash, Conventional
Disclosures None
Listing Terms Cash, Conventional
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Listed by Kidder Mathews • Brian Rosella
NEARBY SCHOOL & BUSINESS
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