$880,000 Price Analysis    ♡   Phoenix, AZ 85042 Unknown bed 0 bath unknown SqFt ($0/SqFt) 1.69 acre lot. Listed 2024-03-11 | Ⓧ USDA Ineligible due to property near Phoenix |
The Jesse Owens Townhomes is a 16-Unit townhome development opportunity on 1.69 gross acres of vacant land.
The site sits north of the Baseline corridor in the populr South Mountain area of the South Phoenix submarket. Located south of the Salt River, the South Mountain area is anchored by South Mountain Park and Preserve which features extensive hiking trails and panoramic views from Dobbins Lookout. In the foothills are the petite San Francisco Xavier Mission which was built in 1940, several golf courses and The Mystery Castle, a whimsical house with tours. Shopping plazas run the length of the otherwise residential area, with Phoenix Sk y Harbor International Airport minutes to the north. SEE MORE The Jesse Owens Townhomes is a 16-Unit townhome development opportunity on 1.69 acres of vacant land. The site sits north of the Baseline corridor in the popular South Mountain area of the South Phoenix submarket. Located south of the Salt River, the South Mountain area is anchored by South Mountain Park and Preserve which features extensive hiking trails and panoramic views from Dobbins Lookout. In the foothills are the petite San Francisco Xavier Mission which was built in 1940, several golf courses and The Mystery Castle, a whimsical house with tours. Shopping plazas run the length of the otherwise residential area, with Phoenix Sky Harbor International Airport minutes to the north. Beautiful mountain views are common to most developments in the area and this property is no exception, with the entrance to South Mountain Park and Preserve being less than two miles to the south. The heart of downtown Phoenix is also five miles north giving future residents access to all that downtown has to offer.
Easy access to Downtown, Tempe, Central Phoenix and Mesa will be available to residents via the light rail. The valley light rail expansion is scheduled to be complete in 2024 and a station and Park 'n Ride will be within walking distance of this community. The South Phoenix submarket has long been popular with residents looking to live in a little more rural feeling area but still close to everything. With many dining, shopping and entertainment options, as well as multiple freeway access points within minutes, this property will prove to be a phenomenal development opportunity for someone who wants a fantastic opportunity in a phenomenal location. The Jesse Owens Townhomes offer a developer a prime development opportunity in a fantastic location. The well-planned project consists of (16) 3-bedroom / 2.5-bathroom units. The units are two stories with attached two-car garages and planned for approximately 1, 710 livable SF each. The units have nice, functional, roomy floorplans with interior laundry rooms, a large master bedroom, roomy bathroom and walk-in closet. A new buyer is welcome to continue with these plans or to design their own. Preliminary grading and drainage plans as well as landscape plans are complete. The site is also planned to have a small BBQ area and dog park. The west valley is exploding with industrial development, bringing thousands of jobs and a need for housing. This development opportunity offers an investor a more boutique-sized deal with a quaint feel, nice amenities, exceptional floorplans and pleasing architecture allowing the developer to set themselves apart from the traditional garden style development that is so common in the west valley. This infill location should prove to be extremely attractive to renters whose job brings them into the city. The location, size and design of this project offers an investor a attractive development opportunity in the heart of one of the most vibrant areas in all of Arizona. INVESTMENT HIGHLIGHTS 16-Unit Development Opportunity in the Popular South Mountain Area Preliminary Site Plan Approved for (16) 3-Bedroom / 2.5-Bathroom Units 1, 710 SF, Two-Story Units With Attached Two-Car Garages (Buyer Can Use These Plans or Do Their Own) Preli
Presented by Patrick Burch at
Abi Multifamily.
Property MLS #6675438 from ArizonaRegionalMLS
Lot Size Acres: 1.69
Lot Size Dimensions: Irregular
Lot Size Square Feet: 64550
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Active
County: Maricopa
Directions: East on Baseline from Central, and north on Jesse Owens Parkway to the property on the west side of Jesse Owens Parkway.
Tax Year: 2023
Source Property Type: Land
Parcel Number: 114-16-016
Postal Code Plus 4: 5439
Zoning: C-2
Source System Name: C2C
$0
ArizonaRegionalMLS
Listed 2024-03-11
$880,000
ArizonaRegionalMLS
Listed 2024-01-30
$800,000
ArizonaRegionalMLS
Water Source: City Franchise
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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.