Investment Overview

Marcus & Millichap is pleased to exclusively present for sale +/- 4.50 acres on S. 20th Lane in South Phoenix. This infill site is located in the growing residential and commercial area near the SWC of W. Baseline Road and S. 19th Avenue. The area around the subject property consists of large lot equestrian/agricultural properties, single family home subdivisions as well as retail, restaurants, grocery stores located along Baseline Road. The current area population within 1, 3 and 5 miles are approximately 8k, 89k and 184k, respectively and is projected to grow by 5.5% over the next 5 years. The property is about 5 miles east of the Loop 202 Freeway via Baseline Road. The property is currently zoned Residential (S-1) by the City of Phoenix. The abutting subdivisions to the north and west of the site are zoned R1-10 (DUs/acre, which ranges from 3 to 4.5/bonus density) by the City of Phoenix. The property is rectangular shaped with dimensions of 595 ft x 330 ft and level topography. City of Phoenix water and sewer lines are located in S. 20th St near the northern boundary of the property. All utility locations, access and treatment capacity are to be verified by the buyer during due diligence.