Excellent development opportunity near the Valley Metro light rail B Line. This oversized 0.44-acre lot measures approximately 110 feet by 174 feet and is zoned R-5, one of Phoenixs higher-density multifamily residential zoning classifications. R-5 zoning may accommodate apartments, condominiums, townhomes, attached housing, or multiple residential units on a single property, subject to City of Phoenix approval, development standards, parking, setbacks, access, and site-plan requirements. The citys published zoning guidance identifies a base multifamily density of approximately 43.5 dwelling units per gross acre, with potential density bonuses available for qualifying developments. Utilities are already located on or adjacent to the property, including an electric pole at the northwest corner, a water meter at the sidewalk, and a capped sewer line near the tree and pedestrian gate, identified by a concrete block. The property is enclosed by a block fence and offers a compelling opportunity for a multifamily infill project, income-producing development, or custom residential concept in a transit-accessible location. Buyer to independently verify zoning, density, utilities, lot dimensions, development feasibility, and all information material to the buyer.
Listed By
Agency Name: eXp Realty
Agency Phone: 480-420-4455
Shown By
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
Estimated Payment
$ 1,056.13 per month $888.00 Principal & Interest $51.75 Property Tax $116.38 Homeowner's Insurance
4622 S 7th Street, Unit 3 | MLS# 7042737
This land located at 4622 S 7th Street, Unit 3, Phoenix, AZ 85040 is currently listed for sale with an asking price of $399,000. The property has approximately 0.44 Acres. S 7th Street, Unit 3 is located within the Phoenix Union High School District school district. Search Phoenix real estate on www.arizonabest.com today.