3146 E Angela Dr, Phoenix, AZ, 85032

Highlights

• Unapproved conceptual drawings provide for a 2-story, 24-unit (2-bedroom) apartment building.
• Predominately residential area with commercial developments closer to Bell Road & Union Hills Road.
• Highly attractive location with transportation ease to Kierland/Scottsdale Airpark and I-17/Deer Valley.

Description

R.O.I. Properties is pleased to offer this strategically located 1.55 AC multi-family redevelopment opportunity in the Northeast Phoenix submarket for sale. The property's zoning is 80% medium-density multi-family (R-3) and 20% general commercial (C-3). The property is currently used as a custom stone supplier, Architectural Stone Elements, and also has three single-family homes on the parcel adjacent to Saint John Road (APN: 214-03-123). The surrounding area is predominately a residential area with nearby multi-family developments and other recently completed commercial redevelopments closer to Bell Road & Union Hills Road along 32nd Street. This is an excellent opportunity to acquire a rare multi-family development opportunity just west of the SR-51. The properties submarket, The Northeast Phoenix submarket, through 2022, has continued to see strong multi-family sale transactions in addition to a plethora of commercial and multi-family development centered around 32nd Street & Bell Road.

MF Redevelopment Land