1.5 miles from city approved, planned residential/ mixed community, where former Metro Center was. $745 million dollar redevelopment from the countries largest developer underway. 54000 sf zoned R1-6 , gated, block fenced, next to 18 AC wooded, green, city, park. What do you think new homes sell for in central phx, 1 mile from freeway, 10 mins to dn town, high end area, gated, luxury, community? You can build 9 new homes here. See our pro-forma figures in the documents. Owner will carry, owner will look at financing development. Can use luxury, view property toward down payment/ trade, owner is private lender not offering market rates.4000 sf luxury hm + guest hm. can be moved by seller, or remain for rental income until your building starts. Your vision=millions in profit!This link is to the info of the Redevelopment of Metro Center into a PUD.
It has links unit to the developers involved.
Courtesy of Canyon Rock Realty, LLC, Barbara Adams
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