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$899,000
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Rare 1.59-acre R-3 multifamily development site in north Phoenix, just north of Beardsley Rd and the Loop 101. City of Phoenix R-3 zoning allows approx. 15.23 units/acre attached, up to 17.4 with bonus, supporting roughly 24 to 27 units gross, subject to site plan. Well suited for townhomes, build-to-rent, small apartments or detached cluster product. Vacant infill parcel with quick access to the Loop 101, I-17, Deer Valley employment and the fast-growing north Phoenix job corridor, including the TSMC campus. Multifamily-zoned land in this area is in short supply, making this a strong opportunity for builders, developers and investors.
Listing courtesy of Geoffrey Adams, Realty ONE Group