1624 E Portland Street Unit -, Phoenix, AZ 85006

$1,250,000

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List Price
$1,250,000
Days on Market
87
Status
ACTIVE
MLS#
7022190
City
Phoenix
Lot Size
58,492

Property Description

This ±1.34-acre infill site offers an entitled, shovel-ready multifamily opportunity in one of Phoenix's most active urban corridors. Approved for 17 townhomes for rent and located within both an Opportunity Zone and a Qualified Census Tract, the property is ideally timed for a developer looking to position ahead of the next multifamily cycle -- as the Phoenix pipeline thins and demand fundamentals reassert. C-2 zoning also supports a range of alternative uses -- including self-storage, specialty or high-end vehicle storage, and other commercial concepts -- for investors seeking flexibility. With direct I-10 access, proximity to Roosevelt Row, and a wave of residential development actively underway in Downtown Phoenix, this site is well-positioned for a developer ready to move.

Additional Information

Acres
1.34
Fencing
See Remarks
Lot Size
58,492
New Financing
Other (See Rmks)
Sewer
Other
Taxes
$2,025
Tax Year
3830
Water
See Remarks
Zoning
C-2

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Listing courtesy of R.O.I. Properties.

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