Adams FIVE

2410 E Adams St Phoenix, AZ 85034

FOR SALE
Property Type:
Multifamily Land
Amount:
$435,000
Last Verified:
Jun 20, 2019

Highlights

  • FIVE lots available for development
  • Container homes are increasingly popular
  • Growing trend in urban housing with Competitive building costs
  • Downtown Phoenix area
  • Low price to enter the market
  • Priced at just $12/SF for the land

Description

Take advantage of the growing trend in urban housing by purchasing these FIVE lots to build up to 21 units as currently zoned or up to 36 units if rezoned. A potential development could entail building units with the trendy container homes. Architectural plans available for $20,000 should the buyer wish to build container homes. Tenants will have all the amenities that come with the bustling city life of downtown that is just minutes away. Site is walking distance from the light rail station, and it is also conveniently located minutes from Interstate 10 and Sky Harbor Airport.

The project consists of 12 containers that will make six units that are 365, 383 and 451 SF, two of each floor plan. Total SF of the building project is 2,460 SF.

On the Northeast corner of Adams and 24th Street we have FIVE lots available for sale. Near downtown Phoenix and its high energy environment, restaurants, sporting events, entertainment and more. Walking distance to the light rail station. Minutes from Interstate 10, as well as Sky Harbor Airport.

Information provided below is guidance on zoning:
Buyer shall do their own research to validate any guidance provided.
We believe 21 multifamily units could be built on this land without changing
any zoning. If R-5 was obtained for all the lots we believe that 36 units could be built.

MARICOPA COUNTY ZONING ORDINANCE
Chapter 7 – Multiple Family Residential Zoning Districts SECTION 702.
R-3 (Multiple-Family Residential Zoning District), R-4 (Multiple-Family Residential Zoning District) & R-5 (Multiple-Family Residential Zoning District)
ARTICLE 702.1. Purpose: The principal purpose of these zoning districts are to provide for multiple-family residential developments in locations which are suitable and appropriate taking into consideration existing conditions, sustainable development practices, and including present use of land, future land use needs, and the availability of public utilities. The minimum lot area required
for each dwelling unit in each of the districts is as follows: 3,000 square feet for R-3; 2,000 square feet for R-4; and 1,000 square feet for R-5. Principal uses permitted in these zoning districts include two-family dwellings, multiple-family dwellings, dormitories and the uses permitted in the single-family residential zoning district.*

Lot Size: 0.83 acres

Map of 2410 E Adams St, Phoenix, AZ, 85034

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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