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$500,000
6514263 MLS
This listing includes 10610 & 10612 N 15th Lane, and encompasses 3 parcels. This offering is for a bite-sized development property on 47,862net square feet (52,788 gross square feet) of vacant land in theincredibly popular Northwest Phoenix Submarket. The site sits on amajor arterial, Peoria Avenue, and is 1.4 miles from the I-17 allowingfor easy access to all parts of the Valley. The intersection of I-17and Peoria is also the location of Hines' $750 million Metrocenterredevelopment project. There will eventually be a Valley Metro LightRail station at Metrocenter and there is also an existing stationand massive park-and-ride located less than a mile and half to thesouthwest. The area is infill in nature and is very supply-constrained with very little land left for development. With many dining, shopping, entertainment, and employment options, as well as multiple freeway access points within minutes, this property will prove to be an exceptional development opportunity for someone who wants a fantastic opportunity in a phenomenal location. The subject property offers a buyer a development opportunity in a submarket where there has been very little in the way of new residential or general development due to the lack of available land in the area for a number of years. The existing zoning on the property is R-3A allowing for approximately 26 units. The property is also located in a Qualified Census Tract (QCT) making it a good option for affordable housing developers. Other uses could be a small apartment project, townhomes, or a small Build-to-Rent (BTR) development. The size and location make this an exceptional development opportunity for someone looking for a zoned piece of property in a well-located part of the Phoenix MSA.

10610 N 15th Lane Unit #31, Phoenix

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