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1443 E Osborn Road, Phoenix, AZ

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1443 E Osborn Road

Phoenix, AZ 85014 - Midtown/Central Phoenix Submarket

Property Type:Land Parcel Size:.44 Acres
For Sale Price:$278,999 Price/Acre:$628,235 Price/SF:$14.42

Proposed Use:MultiFamily

On-Site Improv:-

Parcel No. 118-11-014

Sale Notes:
1/2 Acre infill development site that will allow a 9-unit Single Family Attached townhome subdivision. Zoning is in place and only ~ 4 months needed to reach Final Plat. Pre-Application meeting is scheduled. Preliminary site plan that is on the listing was put in front of the City of Phoenix Planning & Zoning Dept and given a green light as meeting all City requirements.

Site plan will allow for all units to be up to ~ 2,100 sq ft (attached sample floor plan is a 3/3/office). Area easily supports $390k+ Townhomes ($185/ft), putting land at 7.1% of finished value. New-build comps within 3 miles range from $175/ft to $240/ft (see photos for comparable new-build projects).

12th St & Osborn - just east of the intersection on the South side of the street.

Matt Burrow
Matt Burrow
(623) 330-4270

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