Discover a unique investment opportunity in Phoenix, Arizona! This spacious 4.718-acre residential plot at 2801 W Glendale Ave offers significant potential for both investors and developers. It currently generates an impressive monthly income of $13,885 from surface parking leases, providing a steady cash flow while you plan its future development.
The property is currently zoned as R1-6 and R-6, allowing for a wide range of residential development options. Furthermore, there's potential to rezone it to R-3, R-3A, R-4 (14.5, 22, or 27 DU/Acre), greatly expanding its development possibilities. With neighboring R-5 zoning, there's even a chance to rezone for up to 43.5 units per acre. This prime location in Phoenix provides easy access to major roads, shopping centers, schools, & parks
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IDX Information provided courtesy of the Central Arizona MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 4th December, 2023 3:40 AM (UTC)