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- LoopNet Team
2532 E Washington St
Phoenix, AZ 85034
Sky Harbor Lofts Development Opportunity · Land For Sale
·
1.87 ac
INVESTMENT HIGHLIGHTS
- Currently operating as cash flowing multifamily
- Positioned on Valley Metro Light Rail
- Redevelopment value with mixed use zoning
- Located in opportunity zone
- Close proximity to Sky Harbor Airport
PROPERTY FACTS
| Property Type | Land | Total Plot Size | 1.87 ac |
| Property Subtype | Residential | No. Floors | 1 |
| Proposed Use | Build-to-Rent | ||
| Use Class | WU CODE T4:3 GW / WU COD - Commercial | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Build-to-Rent |
| Total Plot Size | 1.87 ac |
| No. Floors | 1 |
| Use Class | WU CODE T4:3 GW / WU COD - Commercial |
DESCRIPTION
REI Marketing is pleased to offer for sale a one acre land parcel with the ability to purchase the adjacent parcel to the West. This would give you a total of 1.8 Acres. Both properties are in a Phoenix Opportunity Zone, in the Metro Light Rail overlay and in an area the city is very motivated to support redevelopment in. The main parcel is currently operating as a multifamily assemblage of 14 mobile homes and 18 residential units. The adjacent parcel currently has a vacant industrial building on site. The property delivers a strong cap rate as is and presents strong redevelopment potential. This is a rare opportunity to have cash flowing land while leveraging the latent value future development potential. *OPPORTUNITY TO PURCHASE ADJACENT .8 AC PARCEL. INQUIRE FOR PRICING.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £47,353 | Total Assessment | £47,353 |
PROPERTY TAXES
