Development land with a strategic location

 

Olen is proud to bring this offering to market. For over a decade ownership has worked with the Camelback East Village Planning Committee to maximize development prospects for this acreage. We are excited to announce that in October of 2018, Olen purchased a 3rd access point located in the middle of the property. This is the last privately owned development parcel with scale along the 202 corridor . 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: $18,500,000.00

 

Key Features:

  • Flexible zoning with approved residential plans for a 456 unit multifamily development

  • 350,000 jobs within a 10 mile radius of the site

  • 2000 ft +/- of 202 FWY frontage with 3 points of site access provide commuter convenience

  • Proximity to light rail - 44th & Washington station only .75 miles from the site

  • Robust local market development, over 1 billion of new construction within a 1 mile radius

  • Submarket is becoming the Data Center hub of Phoenix - incredible longterm growth prospects

  • Young population (avg. age 32) eager for new housing options close to work