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

1.95 Acres of Residential Land Offered at $2,100,000 in Phoenix, AZ 85040

Investment Highlights

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

Executive Summary

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.

Property Facts

Price $2,100,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.95 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $2,100,000
Price Per AC $1,076,923.08
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.

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))
  • Listing ID: 31430951

  • Date on Market: 4/5/2024

  • Last Updated:

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

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