$320,000
$350,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
0.72 Acres Lot
SOLD DATE : 02/28/2025
Key Details
Sold Price $320,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Centergrove Tract 1 Through 16
MLS Listing ID 6729598
Sold Date 02/28/25
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Annual Tax Amount $521
Tax Year 2022
Lot Size 0.720 Acres
Acres 0.72
Lot Dimensions UNK
Property Description
Multifamily Development Opportunity at 1401 E Wood St, Phoenix, AZ 85040. Seize this rare chance to own a 0.72-acre parcel zoned R-4, allowing for the development of up to 20 units in a thriving location. Situated in both an opportunity zone and a QCT-qualified census tract, it presents substantial tax incentives for investors. The lot offers easy access to the I-10 freeway, setting the stage for effortless commuting to Downtown Phoenix, and the Sky Harbor Airport. The scenic South Mountain Park and Preserve is in proximity. Build a prosperous future in a booming locale, and watch your vision come to life at 1401 E Wood Street.
Location
State AZ
County Maricopa
Community Centergrove Tract 1 Through 16
Zoning R-4
Direction From 16th Street & Broadway, head west to 13th Street, north to Wood Street, east to property located on the south side of Wood Street.
Exterior
Topography Level
Building
Sewer Sewer - Available
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 113-26-011
Acceptable Financing No Carry, Conventional
Horse Property N
Listing Terms No Carry, Conventional
Financing Cash
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