6791551 (2905 E Grovers Ave): $460,000 6791549 (2700 E Greenway Pkwy): $540,000 Marcus & Millichap is pleased to present Greenway & Grovers (combined 30-unit apartment homes), two prime multifamily development opportunities in the established North Phoenix submarket. Both sites have been entitled and are currently in the building review phase with the city of Phoenix. Greenway (16-units) offers a combination of two- and three-bedroom floorplans averaging ±1,332 square feet, and Grovers (14-units) offers a combination of two- and three-bedroom floorplans averaging ±1,347 square feet, on low density site plans. The scarcity of developable land in this submarket creates high barriers to entry, underscoring the exclusivity of the North Phoenix location and promoting long-term rent growth prospects. With an average single-family home price of ±525,000 within a three-mile radius the rent-vs-own affordability gap supports sustained renter demand that is anticipated to continue. Strong area demographics further enhance the investment potential, boasting an average household income of $92,445 and a median household income of $69,395, with 65% of residents occupying white-collar professions. Additionally, the highly anticipated Taiwan Semiconductor Manufacturing Company (TSMC) marks the largest direct foreign investment in Arizona's history, which is expected to create thousands of high-quality jobs and drive economic growth. Additionally, a robust healthcare presence supported by numerous medical centers and hospitals in the vicinity promote a durable employment base.
6791549 (2700 E Greenway Pkwy): $540,000 6791551 (2905 E Grovers Ave): $460,000 Marcus & Millichap is pleased to present Greenway & Grovers (combined 30-unit apartment homes), two prime multifamily development opportunities in the established North Phoenix submarket. Both sites have been entitled and are currently in the building review phase with the city of Phoenix. Greenway (16-units) offers a combination of two- and three-bedroom floorplans averaging ±1,332 square feet, and Grovers (14-units) offers a combination of two- and three-bedroom floorplans averaging ±1,347 square feet, on low density site plans. The scarcity of developable land in this submarket creates high barriers to entry, underscoring the exclusivity of the North Phoenix location and promoting long-term rent growth prospects. With an average single-family home price of ±525,000 within a three-mile radius the rent-vs-own affordability gap supports sustained renter demand that is anticipated to continue. Strong area demographics further enhance the investment potential, boasting an average household income of $92,445 and a median household income of $69,395, with 65% of residents occupying white-collar professions. Additionally, the highly anticipated Taiwan Semiconductor Manufacturing Company (TSMC) marks the largest direct foreign investment in Arizona's history, which is expected to create thousands of high-quality jobs and drive economic growth. Additionally, a robust healthcare presence supported by numerous medical centers and hospitals in the vicinity promote a durable employment base.
Seller financing available, will consider all offers. AMAZING, UNOBSTRUCTED 360 degree views from this large elevated private road in preserve at shadow mountain GATED community. You have to stand on the lot to truly appreciate the breathtaking city and mountain views! Wake up every morning with gorgeous sunrise and end the day with beautiful sunset. Property borders preserve at shadow mountains with hiking trail next to front door. Close to paradise valley mall, hiking trails, golf, shopping, horseback riding, schools, and major freeways as its hard to beat this central location. Arguably, the SHOWCASE LOT in the Preserve at Shadow Mountain! Builders welcome.
Very desired location centrally located 3.42 Acre land lot with beautiful views of the Preserve at Shadow Mountain. Elevated home-site options with incredible views of surrounding mountains, city lights at night, and incredible sunset views. Conveniently located with quick access to the 51 Freeway and just minutes to downtown Phoenix, Sky Harbor Airport, Paradise Valley, and Scottsdale. Plenty of nearby shopping and entertainment options. The property has been surveyed, power and utilities are at the street. Engineering & grading plans completed, ready to build home shown in photos or create your own design. The Perfect Elevated home-site for creative architectural home design to encompass the alluring views and magnificent Arizona sunsets.
Discover this stunning lot nestled among luxury homes, offering breathtaking views and easy access to hiking and mountain biking trails, golf, shopping, and schools—all conveniently located just off the 51 Freeway. As you approach the site of your future dream home, you'll be captivated by the serene surroundings and picturesque landscapes. If you're looking to build in a central location, look no further! This is the perfect opportunity to create the home of your dreams in an idyllic setting.
Prime Development Opportunity Awaits! Discover the perfect canvas for your next project on this expansive parcel, ideally R-3 zoned for multi-family use. Development opportunity included for three separate adjacent lots. All lots must be purchased together.
Amazing infill development opportunity in North Phoenix. 14 Condo Lots almost ready to build. This project can be built as a build to rent project or individual condo sales. Lots to be delivered with fully approved plans. Fourteen - 3 bedroom, 2.5 bathroom, 2 car garage condos. 1,446 Sq Ft each. Site plan has been approved by the city, condo plans have gone through review with changes being worked on. Great location, with great comparable sales as both build to rent and individual condo sales. Call listing agent for more information
Highly sought-after .748 acre hillside lot with beautiful views of the Preserve at Shadow Mountain and the picturesque vistas beyond.
The median home value in Phoenix, AZ is $413,000. This is lower than the county median home value of $456,600. The national median home value is $338,100. The average price of homes sold in Phoenix, AZ is $413,000. Approximately 52.06% of Phoenix homes are owned, compared to 40.81% rented, while 7.13% are vacant. Phoenix real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Phoenix real estate agent to arrange a tour today!
Phoenix, Arizona 85032 has a population of 1,591,119. Phoenix 85032 is less family-centric than the surrounding county with 30.89% of the households containing married families with children. The county average for households married with children is 31.17%.
The median household income in Phoenix, Arizona 85032 is $64,927. The median household income for the surrounding county is $72,944 compared to the national median of $69,021. The median age of people living in Phoenix 85032 is 34.1 years.
The average high temperature in July is 104.5 degrees, with an average low temperature in January of 43.2 degrees. The average rainfall is approximately 9.2 inches per year, with 0 inches of snow per year.