Colliers International is pleased to present an exceptional opportunity to acquire a +1.99-acre site. The Property is currently zoned RE with a planned use Mid Intensity Suburban Neighborhood which allows 8 units per acre. The property was approved for C-2 but has since recently expired as of 12/6/2022. Strategically positioned along S. Rainbow Blvd, just north of W. Cactus, the parcel is near the Mountains Edge Master Planned Community. This site will offer an investor / owner an opportunity to take advantage of a rare opportunity to purchase a parcel of land within a growing area.