2532 E Washington St
Phoenix, AZ 85034
Sky Harbor Lofts Development Opportunity · Land For Sale · 1.87 AC
Investment Highlights
- Currently operating as cash flowing multifamily
- Positioned on Valley Metro Light Rail
- Redevelopment value with mixed use zoning
- Located in opportunity zone
- Close proximity to Sky Harbor Airport
PROPERTY FACTS
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 1.87 AC |
Description
REI Marketing is pleased to offer for sale a one acre land parcel with the ability to purchase the adjacent parcel to the West. This would give you a total of 1.8 Acres. Both properties are in a Phoenix Opportunity Zone, in the Metro Light Rail overlay and in an area the city is very motivated to support redevelopment in. The main parcel is currently operating as a multifamily assemblage of 14 mobile homes and 18 residential units. The adjacent parcel currently has a vacant industrial building on site. The property delivers a strong cap rate as is and presents strong redevelopment potential. This is a rare opportunity to have cash flowing land while leveraging the latent value future development potential. *OPPORTUNITY TO PURCHASE ADJACENT .8 AC PARCEL. INQUIRE FOR PRICING.
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $0 |
Land Assessment | $63,366 | Total Assessment | $63,366 |
zoning
Zoning Code | WU CODE T4:3 GW / WU COD (Commercial) |
Learn More About Investing in Land
Listing ID: 21239582
Date on Market: 10/15/2020
Last Updated:
Address: 2532 E Washington St, Phoenix, AZ 85034
The Land Property at 2532 E Washington St, Phoenix, AZ 85034 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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