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1244 W Pierce Street

Phoenix, AZ 85007
  • $500,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 6309466
UPDATED: 54 min ago
$500,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

Pierce Street Apartments is a prime development opportunity withcomplete plans for an 8-unit apartment community located on the westside of Downtown Phoenix. The property is located just west of 7thAvenue, on Pierce Street, in close proximity to a lot of redevelopmentactivity. It is just under one mile from Central Avenue and the nearestlight rail station in Downtown Phoenix and is also roughly a mile to theStadium District, Roosevelt Row, and the ASU Downtown Campus. It isalso less than a mile to the I-10 Freeway, giving residents easy accessto all areas of Metropolitan Phoenix. This location is as central as itgets and allows residents to enjoy, with ease, so much of what Phoenixhas to offer. With many dining, shopping, and entertainment options,as well as......multiple freeway access points and light rail stations within minutes, this property will prove to be a phenomenal development opportunity in a fantastic central location. Pierce Street Apartments is a beautiful project featuring 8 well-planned units in a cool, mid-century building. The project features a good unit mix of (4) one-bedroom/one-bathroom and (4) two-bedroom/two bathroom units. The units will offer a rare, more affordable option to tenants who are seeking a brand-new, class A apartment community at a price point that is getting harder and harder to find. The project calls for surface parking and wood frame construction to keep costs at a reasonable level and is situated to capitalize on the phenomenal views of Downtown Phoenix. This is a rare, bite-sized development opportunity in the heart of one of the fastest growing metroplexes in the country. The site plan has been approved and full construction drawings are under review by the City of Phoenix. The seller is asking all prospective buyers to please perform their own due diligence with regards to construction costs.

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© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Klaus Team Real Estate Solutions | Keller Williams Integrity First. Data last updated 2021-11-30T07:12:57.407.
www.klausteam.com/homes/122579667
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1244 W Pierce Street Phoenix, AZ 85007

  • Price: $500,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 54 min ago
  • MLS #: 6309466
0
Beds
0
Baths
0
½ Baths
0.3
Acres
Neighborhood:
University Addition
County:
Maricopa
Area:
Phoenix
Property Description
Pierce Street Apartments is a prime development opportunity withcomplete plans for an 8-unit apartment community located on the westside of Downtown Phoenix. The property is located just west of 7thAvenue, on Pierce Street, in close proximity to a lot of redevelopmentactivity. It is just under one mile from Central Avenue and the nearestlight rail station in Downtown Phoenix and is also roughly a mile to theStadium District, Roosevelt Row, and the ASU Downtown Campus. It isalso less than a mile to the I-10 Freeway, giving residents easy accessto all areas of Metropolitan Phoenix. This location is as central as itgets and allows residents to enjoy, with ease, so much of what Phoenixhas to offer. With many dining, shopping, and entertainment options,as well as......multiple freeway access points and light rail stations within minutes, this property will prove to be a phenomenal development opportunity in a fantastic central location. Pierce Street Apartments is a beautiful project featuring 8 well-planned units in a cool, mid-century building. The project features a good unit mix of (4) one-bedroom/one-bathroom and (4) two-bedroom/two bathroom units. The units will offer a rare, more affordable option to tenants who are seeking a brand-new, class A apartment community at a price point that is getting harder and harder to find. The project calls for surface parking and wood frame construction to keep costs at a reasonable level and is situated to capitalize on the phenomenal views of Downtown Phoenix. This is a rare, bite-sized development opportunity in the heart of one of the fastest growing metroplexes in the country. The site plan has been approved and full construction drawings are under review by the City of Phoenix. The seller is asking all prospective buyers to please perform their own due diligence with regards to construction costs.
Exterior Features

Land Features North/South Exp Lot Size Dimensions 135X100 Parcel Size .25 - .49 Acres Topography Level

Property Features

Cross Street Nw Grand Ave & W Pierce Street Electric Aps Existing Land Use Other (See Rmks)Residential Lot For Sale Or Lease Sale Gas Other (See Rmks)Sw Gas Hoa YN N Hoa2 YN N New Financing CashConventionalOther (See Rmks) Potential Use Multi-FamilyOtherSingle Family Sewer Other (See Remarks)Sewer - Available Special Listing Conditions N/A Tax Year 2021 Taxes 312.00 Water City FranchiseNoneOther Zoned Presently Multi-FamilyOther (See Rmks)Single Family Zoning R5

Listing courtesy of Abi Multifamily.


© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Klaus Team Real Estate Solutions | Keller Williams Integrity First. Data last updated 2021-11-30T07:12:57.407.
 
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