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MultiFamily Development Site

Listing was updated at: 06/04/2019
MultiFamily Development Site MultiFamily Development Site MultiFamily Development Site MultiFamily Development Site MultiFamily Development Site MultiFamily Development Site MultiFamily Development Site

Property Overview

Price/Rent PSF $ 450,000.00
Asset Type Land
Trade Type Sale
Acres Available 0.84
Date Available 05/30/2019
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Description

Location
Main St & Dobson: West on Main to corner lot on right on NEC @ San Jose St intersection.

Subject Property Location
The subject property is located at 2130 W Main Street in the City of Mesa, Maricopa County, Arizona. The subject property is in a good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is very good and in redevelopment in terms of MultiFamily, retail, commercial and residential use. The subject benefits from busy commuter and local traffic along Main Street. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail extension. Cities along the light rail are now allowing new ‘Walkable Urban’ zoning, with generally allows up to 5 stories in new construction along the light rail corridor. St. Benedictine, Wilkes Universities are located in the downtown area. ASU (Arizona State University) is discussing a new campus in the City Center.

Metro Phoenix Location
The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.


Sale
New Opportunity Zone Property. Possible Assemblage Opportunity; This property is 0.84 acres [1.64 acres +/- available now with adjacent parcels]. Across the street from large Midtown on Main Apartments; natural Multi-Family location, on Light Rail close to Dobson Light Rail Station. A large billboard sign is included with the listing and produces $133 monthly income.

Density is 30 units/acre with RM-4 zoning, can be increased with a Rezone; less parking requirement due to proximity of Light Rail Station.

Location

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