Residential/MultiFamily Pad

Highlights

• Zoned RM-2 Pad
• Located in the Phoenix area
• Multifamily / Low-Rise/Garden investor opportunity
• Prime location for residential development
• Desirable neighborhood
• Close to amenities and services
• Proximity to major transportation routes
• Attractive investment potential
• Spacious land area for development
• Ideal for multifamily housing
• Potential for high rental demand
• Strong market demand for housing
• Flexible development options

Description

This 4 acres had the Zoning changed to RM-2 PAD ('PAD') to see into the future for a Residential use, probably MultiFamily.
The ALTA land survey prepared for the Zoning change to RM-2 Pad needs to be reviewed. The Lutheran Church is splitting their church parcel and added a vacant lot that touches Main Steet to make up the 4 acres. See images (ask Listing Broker for a copy of the ALTA).

Thomas Jefferson Elementary school is directly South of the PAD, the Eternal Life Lutheran Church is directly to the East of the PAD.

Directly North across Main Street are approx 194 new Residential housing units currently in the construction phase.
This direct area is undergoing a significant change by increasing more residents with attached money to spend.

Subject Property Location
The subject property is located at 7025 E Main Street in the City of Mesa, Maricopa County, Arizona. The subject property is East of the City Center but is a very good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is very good and in a growing redevelopment phase in terms of retail, commercial and residential use. The subject benefits from busy commuter and local traffic along Main Street. The area is anticipated to experience growth in the foreseeable future due to the location at a major cross street (Power & Main).
Approx. 200 Residential/Multifamily units are planned or currently under construction directly across Main Street to the North (SunValley Village and Sunrise Ranch).

Metro Phoenix Location
The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. Phoenix is the 6th largest city in the United States and is the financial, commercial cultural, entertainment and government center of Arizona. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball (NBA), Phoenix Mercury (WMBA, and Arizona Cardinals football.