Redevelopment Opportunity

4600 North Central Avenue & 21 West Coolidge Street Phoenix, AZ 85012

FOR SALE
Property Type:
Multifamily Land
Amount:
$2,400,000
Last Verified:
Apr 17, 2021

Highlights

  • C-2 Zoning Allows for Several Potential Uses including Apartment, Senior Housing, Hotels, etc.
  • TOD Overlay Zoning
  • Existing Income from Current Tenants to Provide Cash Flow for Entitlement Period
  • Part of City of Phoenix Canalscape Program - Density Bonus Opportunity
  • Walking Distance to Two Light Rail Stations

Description

Amazing Redevelopment Opportunity located at '4600 N Central Ave' and '21 W Coolidge St' in Midtown Phoenix, Arizona. Potential land uses include Apartment, Senior Housing, Hotels, Retail, Office and more.

Location

Lot Size: 0.69 acres

Map of 4600 North Central Avenue & 21 West Coolidge Street, Phoenix, AZ, 85012

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What are Real Estate Incentives?

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."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.