'); Colliers International | Properties | Fully Entitled Multifamily Sites Central Phoenix

Fully Entitled Multifamily Sites Central Phoenix

NEC & NWC Central Ave & Pierson St Phoenix, AZ 85012

  • 5.61 Acres
  • Land Multifamily-Apartment
  • For Sale

Summary Description

Central West + East are fully entitled multifamily sites, approved for 467 apartment units plus 19,748 square feet of commercial and retail space. Sites are located on the northeast and northwest corners of Central Avenue and Pierson Street on the Metro Light Rail, with two light rail stations within walking distance.

The sites total ±5.61 gross acres / ±3.57 net acres. Sale price is $15.9 million. Visit our property website to view investment details and request the offering memorandum. 

These sites are centered among the three largest job corridors in metro Phoenix, with over 280,000 jobs within minutes. The properties are surrounded by major employment and population accelerators, assuring strong, long-term multifamily demand trends.

With an unparalleled location south of the major intersection of Camelback Road and Central Avenue, these are two of the best sites in metro Phoenix. Located in the heart of one of the most dynamic areas within the metro Phoenix area, the sites are surrounded by downtown and midtown Phoenix, midtown/central corridor, the prestigious Camelback corridor and the Biltmore financial district.

Camelback Road and Central Avenue, the heart of Phoenix's uptown area, is back as a thriving hub for popular restaurants, cool boutiques, office space, light rail and historic neighborhoods.

Price: $15,900,000.00

Lot Size: 5.61 Acres

Area Available: 5.61 Acres

Land Area

±5.61 acres gross / ±3.57 acres net

Approved Units

467 multifamily units

Approved Commercial

±19,748 SF commercial & retail

Zoning

PUD

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