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 preapproval
process for the density reinstatement.
The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the g. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 26th September, 2023 12:25 PM (UTC)
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