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1417 E Cinnabar Avenue

Phoenix, AZ 85020
  • $795,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 6542573
UPDATED: 26 min ago
$795,000
  • 0
    BEDS
  • 1.95
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

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 preapprovalprocess for the density reinstatement.

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Arizona Regional MLS logo© 2023 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 Team Faber | Real Brokerage. Data last updated 2023-06-05T15:15:34.84.
www.featuredpropertiesaz.com/homes/138460399
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1417 E Cinnabar Avenue Phoenix, AZ 85020

  • Price: $795,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 26 min ago
  • MLS #: 6542573
0
Beds
0
Baths
0
½ Baths
1.95
Acres
Neighborhood:
Mountain Home Tract Lots 17 Thru 24 41 Thru 48
County:
Maricopa
Area:
Phoenix
Property Description
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 preapprovalprocess for the density reinstatement.
Exterior Features

Lot Size Dimensions N/A Parcel Size 1.00 - 2.49 Acres

Property Features

Cross Street E Cinnabar Ave & N 14th St Electric Aps Existing Land Use Other (See Rmks) For Sale Or Lease Sale Gas Sw Gas Hoa YN N Hoa2 YN N New Financing CashConventional Potential Use Multi-Family Sewer Septic TankSewer - AvailableSewer - Public Special Listing Conditions N/A Tax Year 2022 Taxes 971.00 Water See Remarks Zoned Presently Multi-Family Zoning R3

Arizona Regional MLS logo Listing provided by Rei Marketing: [IDXCONTACTINFORMATION] .


Arizona Regional MLS logo© 2023 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 Team Faber | Real Brokerage. Data last updated 2023-06-05T15:15:34.84.
 
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