$490,000 Price Analysis    ♡   Phoenix, AZ 85034 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.32 acre lot. Listed 2023-10-25 | Ⓧ USDA Ineligible due to property near Phoenix |
These are 2 lots are ready for development!
* No Longer For Sale *
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APN 116-46-074 and 116-46-075. Two adjacent parcels in downtown Pho enix. Both lots are 50' x 140' or 7, 000 square feet. Total is 100' x 140' for a combined 14, 000 square feet or .32 acres. 1537 E. Monroe is zoned R5 and 1539 is zoned C3 which allows for residential use. The lots are located in one of the hottest redevelopment reas of Phoenix with nearby light rail, employment, education and entertainment centers. Lots are in designated Opportunity Zone and within several other special zoning, development and transportation schemes.
Lot is fenced on 3 sides with a large gate providing alley access. There are currently 5 small structures on the commercial lot (vacant). These structures are approximately 300 square feet each with a toilet and sink. Tenant improvements would be required to make these tenantable but, a couple have been leased to commercial tenants in the recent past by the prior owner (current owner does not have information on terms). Prior owner commissioned site plan which allows for 16 - 21 residential units across three stories above 28 parking spaces on the ground level. Current owner has also reviewed an alternative duplex development on each lot with a local developer of duplexes in the area. {buyer to confirm all calculations and measurements}
Presented by ROBERT HERSHEY at
My Home Group Real Estate.
Property MLS #6622364 from ArizonaRegionalMLS
Lot Size Dimensions: 280x100
Lot Size Square Feet: 14000
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Closed
County: Maricopa
Directions: North on 16th street West on Monroe to lots.
Tax Year: 2023
Source Property Type: Land
Source Neighborhood: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Parcel Number: 116-46-075-A
Postal Code Plus 4: 1119
Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
Zoning: R5
Lot Number: 3
Source System Name: C2C
$460,000
ArizonaRegionalMLS
Price Changed 2024-04-15
$490,000
ArizonaRegionalMLS
Price Changed 2024-01-05
$501,000
ArizonaRegionalMLS
Listed 2023-10-25
$550,000
ArizonaRegionalMLS
Water Source: City Franchise
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.