This vacant parcel of land is well located in a residential area of North Central Phoenix. Close to infrastructure with easy proximity to transportation and major arterial route access. Ideally suited for a multifamily development, the parcel is currently zoned R-3 and is permitted due to hillside ordinance 'as is' for a 6 unit development. However due to surrounding developments and area demographics, a rezone to higher density could prove favorable with the city due to strong current demand for housing in the central Phoenix corridor. Previous owner was successful in achieving zoning variance (density waiver) through city for 24 units but approval has since expired. Seller has begun the preapproval process for the density reinstatement.
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