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4028 S 12th St - SHOVEL READY - 56 UNITS - OPPORTUNITY ZONE

1.95 Acres of Residential Land Offered at £1,670,113 in Phoenix, AZ 85040

INVESTMENT HIGHLIGHTS

  • Shovel Ready 56 Unit Development
  • Near Light Rail Expansion
  • Opportunity Zone

EXECUTIVE SUMMARY

Premier Location to build! Excellent development opportunity with shovel ready permits, plans and utility bonds for a 56 unit complex. Located in the Phoenix Opportunity Zone and the popular Central Phoenix Corridor, this large 1.946 acre lot is zoned R-4 and has utilities on site. Close to light rail expansion, public transportation, Downtown Phoenix venues and restaurants, the ASU medical center (under construction), the airport and many other lifestyle services. Approved site plans for four buildings with 40 one bedroom and 16 two bedroom floorplans. Each unit has their own private patio or balcony. Seller is open to seller financing or JV. Get creative.

PROPERTY FACTS

Price £1,670,113 Property Subtype Residential
Sale Type Investment Total Lot Size 1.95 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price £1,670,113
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.95 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 LOT AVAILABLE

Lot

Price £1,670,113 Lot Size 1.95 AC
Price Per AC £856,468.20
Price £1,670,113
Price Per AC £856,468.20
Lot Size 1.95 AC

Excellent development opportunity with shovel ready permits, plans and utility bonds for a 56 unit complex. 1.946 Acre Lot, Zoned R-4, Located in the Opportunity Zone and growing Central Phoenix corridor. Close to light rail expansion.

DESCRIPTION

Excellent development opportunity with shovel ready permits, plans and utility bonds for a 56 unit complex. 1.946 Acre Lot, Zoned R-4, Located in the Opportunity Zone and growing Central Phoenix corridor. Close to light rail expansion, Downtown Phoenix and many other lifestyle services.

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ZONING

Zoning Code R-4 ([R-4] Multiple Family Residence (Detached SF 5 To 6.5 Or 12 W/Bonus) (Attached 29 To 30.45 Or 34.8 W/Bonus))
R-4 ([R-4] Multiple Family Residence (Detached SF 5 To 6.5 Or 12 W/Bonus) (Attached 29 To 30.45 Or 34.8 W/Bonus))
(602) 391-7164

CONTACTS

  • Listing ID: 31430951

  • Date on Market: 05/04/2024

  • Last Updated:

  • Address: 4028 S 12th St, Phoenix, AZ 85040

The South Mountain Land Property at 4028 S 12th St, Phoenix, AZ 85040 is currently available. Contact Re/Max Solutions for more information.

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4028 S 12th St - SHOVEL READY - 56 UNITS - OPPORTUNITY ZONE
(602) 391-7164 x

4028 S 12th St - SHOVEL READY - 56 UNITS - OPPORTUNITY ZONE

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Brook Miller

(602) 391-7164

(602) 391-7164

Shelly Farley

(480) 610-6500

(480) 610-6500

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