Development land with a strategic location

 
Olen is proud to bring this opportunity to market. This fully entitled 16.83 acre site boasts an approved site plan to develop 456 residential units.  Bound by 44th St. to the East, 40th St to the West and 2000+ feet of 202 Freeway frontage to the South, this site is strategically located at the intersection of Phoenix's most relevant sub-markets. Please contact us and browse this site for more details on the opportunity.

Purchase Price: $18,500,000

Price Per Unit: $40,570.00

 

Key Features:

- Flexible zoning and a density bonus with approved residential plans for 29 units per acre

- Freeway frontage and access (SEE MOST RECENT ADOT AGREEMENT UNDER LAND INFO/TRAFFIC)

- Transportation convenience, Metro light rail station at Washington less than a mile from the site