Description
This vacant parcel of land is well located in a residential area of North Central Phoenix. Close to infrastructure with easy proximity to transportation and major arterial route access.Ideally suited for a multifamily development, the parcel is currently zoned R-3 and is permitted due to hillside ordinance 'as is' for a 6 unit development.However due to surrounding developments and area demographics, a rezone to higher density could prove favorable with the city due to strong current demand for housing in the central Phoenix corridor. Previous owner was successful in achieving zoning variance (density waiver) through city for 24 units but approval has since expired. Seller has begun the preapprovalprocess for the density reinstatement.
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0BEDS
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1.95ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This vacant parcel of land is well located in a residential area of North Central Phoenix. Close to infrastructure with easy proximity to transportation and major arterial route access.Ideally suited for a multifamily development, the parcel is currently zoned R-3 and is permitted due to hillside ordinance 'as is' for a 6 unit development.However due to surrounding developments and area demographics, a rezone to higher density could prove favorable with the city due to strong current demand for housing in the central Phoenix corridor. Previous owner was successful in achieving zoning variance (density waiver) through city for 24 units but approval has since expired. Seller has begun the preapprovalprocess for the density reinstatement.
© 2023 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Garcia Group | eXp Realty. Data last updated 2023-06-05T00:12:35.5.