Prime Multi‑Family lot opportunity in Mesa! This very large lot is zoned Multi‑Family, offering incredible flexibility for investors and developers. Renovate the existing home, which is still an option, and add more units! Prime to build a brand‑new multi‑family property. Preliminary plans for a four‑plex and five plex… Read More have already been initiated and are available in the doc tab, giving a head start on design ideas. The property has already undergone the Development Incentive Permit (DIP) review with the City of Mesa, receiving pre‑approval from the City Council for the 4 unit version. Only a few final steps remain to complete the DIP process and advance to full plan review with the Planning and Development Department. Seller will give ample time to go through the approval process. Owner met with the City of Mesa to request building 5 units instead of 4 units, with 3 bd/2 bth plans, with garages and the meeting was conceptually approved. Listing agent has further details and information regarding the timing from here! All plans are subject to the City of Mesa's final approval. Seller has met with the Senior Economic Development Project Manager for Development Services, who has intricate personal knowledge of this site and history of the area, an amazing resource who is very helpful in this redevelopment project! Location Highlights: Centrally situated near Mesa Riverview and Tempe Marketplace. Only 5 miles to ASU campus. Easy access to Loop 101 and Loop 202 freeways!! Just down the street from the Chicago Cubs Spring Training Stadium! Surrounded by shopping, dining, and entertainment options Whether you choose to renovate, redevelop, or pursue the four plex plans, townhome lots, this property offers exceptional potential in a thriving area. A rare opportunity to capitalize on Mesa's growth with multiple exit strategies available! Read Less
Courtesy of West USA Realty 480-820-3333
Listing Snapshot
Days Online
157
Last Updated
Property Type
Land
Lot Size
0.46 Acres
MLS Number
6971960
30 Days Snapshot Of 85201
$341k
+4%
(avg) sold price
30
+7%
homes sold
82
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Fence
"Chain Link"
Lot
0.46 acres, 19,922 sqft
Property
Zoning: M-H, RM-2
Sewer
"Public Sewer"
Taxes
Annual amount: $1,066, Lot: -
Utilities
"SRP"
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