Multifamily Development Opportunity at 1401 E Wood St, Phoenix, AZ 85040. Seize this rare chance to own a 0.72-acre parcel zoned R-4, allowing for the development of up to 20 units in a thriving location. Situated in both an opportunity zone and a QCT-qualified census tract, it presents substantial tax incentives for investors. The lot offers easy access to the I-10 freeway, setting the stage for effortless commuting to Downtown Phoenix, and the Sky Harbor Airport. The scenic South Mountain Park and Preserve is in proximity. Build a prosperous future in a booming locale, and watch your vision come to life at 1401 E Wood Street.
MLS# | 6729598 |
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Listing Type | For Sale |
Suite Number | 24 |
Sub-Type | Sale |
Status | UCB (Under Contract-Backups) |
Days On Site | 59 |
Listing Provided By | Get Multifamily | Reggie Joyner |
Zoning | R-4 |
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Acreage | 0.72 |
State | AZ |
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County | Maricopa |
City | Phoenix |
Zip Code | 85040 |
Area | Maricopa |
Community Name | CENTERGROVE TRACT 1 THROUGH 16 |
School District | Phoenix Union High School Distri |
Elementary School | Roosevelt Elementary District |
Listing VS Median (in CENTERGROVE TRACT 1 THROUGH 16) | |
Price: $350,000 low | high Med: $2,500 On Site: 59 low | high Med: 37.000000 |