16223 N 31ST Street

    Phoenix, AZ 85032
    • $1,157,760
    • STATUS: Active
    • ON SITE: 61 days
    • MLS #: 5979284
    UPDATED: 191 min ago
    $1,157,760
    • 0
      BEDS
    • 3.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    3-acre-plus opportunity to establish a ground floor redevelopment in a long-overlooked infill target area of Phoenix. 16223 North 32nd Street & 16226 North 29th Street offer a fantastic and rare chance to address either workplace affordable or market-rate demands for a determined visionary investor / developer.Sandwiched between two dynamically growing areas offering high returns for existing properties, but few opportunities for new development, this property is zoned R-3 and allows up to 57 units between the two spaces, perfect to establish a foothold in an area that has every potential to become North Phoenix's next ''up-and-coming'' development and renovation district. . This ever improving area has great access being just 1 mile from the 51 Freeway. The current R-3 zoning allows the

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Kortright Group - West USA Realty. Data last updated 2019-11-17T00:10:59.2.
    www.kortrightgroup.com/homes/99017412

    16223 N 31ST Street Phoenix, AZ 85032

    • Price: $1,157,760
    • Status: Active
    • Updated: 191 min ago
    • MLS #: 5979284
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.33
    Acres
    Neighborhood:
    Kay Acres 3 Lots 38-40, 42-45, 47-50
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    3-acre-plus opportunity to establish a ground floor redevelopment in a long-overlooked infill target area of Phoenix. 16223 North 32nd Street & 16226 North 29th Street offer a fantastic and rare chance to address either workplace affordable or market-rate demands for a determined visionary investor / developer.Sandwiched between two dynamically growing areas offering high returns for existing properties, but few opportunities for new development, this property is zoned R-3 and allows up to 57 units between the two spaces, perfect to establish a foothold in an area that has every potential to become North Phoenix's next ''up-and-coming'' development and renovation district. . This ever improving area has great access being just 1 mile from the 51 Freeway. The current R-3 zoning allows the
    Exterior Features

    Elevation 1001 - 2000 Ft Lot Size Dimensions 322.92 Ft X 294.52 Ft Parcel Size 2.50 - 4.99 Acres Vegetation Low Desert

    Property Features

    Development Status Raw Land Electric Aps Existing Land Use Packaged Lot For Sale Or Lease Sale Gas None Hoa YN N Hoa2 YN N New Financing CashConventional Potential Use Multi-Family Sewer Sewer - Public Special Listing Conditions N/A Tax Year 2019 Taxes 3247.00 Water City Franchise Zoned Presently Multi-Family Zoning R-3

    Listing courtesy of Abi Multifamily.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Kortright Group - West USA Realty. Data last updated 2019-11-17T00:10:59.2.
     
    Kortright Group - West USA Realty
    2920 N Litchfield Rd, Ste. 100
    Goodyear AZ, 85395