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- LoopNet Team
14601 S 50th St
Phoenix, AZ 85044
50th Street Ahwatukee Land · Land For Sale
·
13.95 AC
INVESTMENT HIGHLIGHTS
- Fully-Entitled Site in Phoenix’s Most Supply-Constrained Submarket
- High Barrier Submarket With No Multifamily Currently Under Construction
- Close Proximity to Robust Employment Base Including High-Tech Price Road Corridor
- Ahwatukee Remains Untouchable to Developers Via Limited Viable Sites
- No New Supply Added to the Submarket in Over 7 Years
- Walkable to Over 3.4M SF of Retail/Amenities
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 13.95 AC |
| Zoning | C-2 HGT/WVR DNS/WVR - C-2 with height and density waivers to allow for multifamily up to 4 stories and up to 30 units/acre | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 13.95 AC |
| Zoning | C-2 HGT/WVR DNS/WVR - C-2 with height and density waivers to allow for multifamily up to 4 stories and up to 30 units/acre |
DESCRIPTION
The Site can accommodate 417 units that are expected to quench the staggering demand for new development in the submarket, as Ahwatukee has seen no new deliveries since 2015. The Site includes zoning approval, a conceptualized site plan, and is designed to encompass luxurious amenities including a spacious pool, fully enclosed dog park, modern clubhouse & fitness center. The Site features an opportunity to develop in the Ahwatukee submarket which has the highest barriers to entry in the Phoenix Valley, with no remaining developable parcels available. In addition to the limited deliveries and pipeline, Ahwatukee is one of the most high-demographic locations in the Phoenix MSA. The median household income within a 3-mile radius of the site is a healthy $97k per resident, thus allowing developers to provide new product to an area craving luxurious renting options. - ZERO INSTITUTIONAL DEVELOPMENTS IN 8 YEARS - NO NEW PROJECTS UNDER CONSTRUCTION - 10 MINUTES FROM INTEL CHANDLER - 18 MINUTES FROM INTEL OCOTILLO
