33 Townhomes READY TO BUILD in Glendale

5939 W Missouri Ave Glendale, AZ 85301

5939 W Missouri Ave, Glendale, AZ, 85301
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FOR SALE
Property Type:
Multifamily Land
Amount:
$995,000
Last Verified:
Sep 04, 2024

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Highlights

  • READY TO BUILD: Permits are ready to be pulled with city-approved construction documents in hand.
  • 33 Modern Townhomes: 2-story units equipped with washer/dryer, individually metered utilities, and spacious balconies.
  • Prime Location: Situated in the desirable Ocotillo neighborhood in Glendale, between Bethany Home Road and Camelback Road, from 67th Ave to 59th Ave.
  • Fantastic Rental Opportunity: Located in a high-demand rental area surrounded by multi-family residential uses.
  • Urban Infill Redevelopment: Repurposes an underutilized site to create a highly compatible residential community.
  • Enhanced Living Experience: Designed to provide efficient, comfortable dwelling units and a variety of amenities to enrich residents' lives and foster a strong sense of community.

Description

READY TO BUILD – PERMITS READY TO BE PULLED!
City-approved construction documents are now available for a 33-unit, 2-story modern townhome development in the highly desirable rental area of the Ocotillo neighborhood in Glendale. This project will transform an underutilized urban infill site into a vibrant community, surrounded predominantly by multi-family residential properties, located between Bethany Home Road and Camelback Road, from 67th Ave to 59th Ave.

Each unit is designed for modern living, featuring in-unit washers and dryers, individually metered utilities, and spacious balconies. The vision for this development is to create a charming residential community that offers efficient, comfortable living spaces complemented by a range of amenities to enhance residents' lifestyles and foster a strong sense of community.

The O'Neil Ranch Association oversees the area, which includes 1,332 single-family units, 10 multi-family units, 75 commercial properties, and 5 vacant lots. The neighborhood is bordered to the north by Bethany Home Road, to the south by Camelback Road, to the east by 59th Ave, and to the west by 67th Ave. The utility services are provided by SRP, and a notable landmark in the area is O'Neil Park. The Ocotillo Council District and Glendale School District serve the community. Owner/Agent

Located S of SEC of 59th Avenue and W Missouri Avenue in Glendale just north of Camelback Rd and S of Bethany Home Rd. Within 2 Miles of Hwy 60.

Lot Size: 2.33 acres


Documents

33 Townhomes READY TO BUILD in Glendale

Map of 5939 W Missouri Ave, Glendale, AZ, 85301

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • 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.