7400 S JESSE OWENS Parkway, n/a, Phoenix, AZ 85042 (MLS# 6675438)

Special Listing Cond: N/A

Existing Land Use: Residential Acreage; Commercial Acreage

Zoned Presently: Single Family; Multi-Family; Commercial

Potential Use: Single Family; Multi-Family

Parcel Size: 1.00 - 2.49 Acres

Current Density: 06 - 10 Units P/Acre

Proposed Density: 06 - 10 Units P/Acre

Development Status: Plans Available; Prelim Eng Included

Land Features: Mountain View(s); North/South Exp

Topography: Level

Existing Structures: None

Water: City Franchise

Sewer: Sewer - Public; Sewer - Available

Electric: SRP

Gas: SW Gas

Distance to Cable: Call Listing Office

Distance to Phone: Call Listing Office

Distance to Water: On Property

Distance to Electric: On Property

Distance to Gas: Call Listing Office

Distance to Sewer: Call Listing Office

New Financing: Conventional

Reports/Disclosures: Soil Test; ALTA Survey Alba; Development Pln Aval

Environmental: Phase I Available

Showing Notification Methods: No Notification Required to Show

Lockbox Type: None

The Jesse Owens Townhomes is a 16-Unit townhome development opportunity on 1.69 acres of vacant land. The site sits just north of the Baseline corridor in the popular South Mountain area of the South Phoenix submarket. Located south of the Salt River, the South Mountain area is anchored by South Mountain Park and Preserve which features extensive hiking trails and panoramic views from Dobbins Lookout. In the foothills are the petite San Francisco Xavier Mission which was built in 1940, several golf courses, and The Mystery Castle, a whimsical house with tours. Shopping plazas run the length of the otherwise residential area, with Phoenix Sky Harbor International Airport just minutes to the north. Beautiful mountain views are common to most developments in the area and this property is no exception, with the entrance to South Mountain Park and Preserve being less than two miles to the south. The heart of downtown Phoenix is also just five miles north giving future residents access to all that downtown has to offer. Easy access to Downtown, Tempe, Central Phoenix, and Mesa will be available to residents via the light rail. The valley light rail expansion is scheduled to be complete in 2024 and a station and Park 'n Ride will be within walking distance of this community. The South Phoenix submarket has long been popular with residents looking to live in a little more rural feeling area but still close to everything. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, this property will prove to be a phenomenal development opportunity for someone who wants a fantastic opportunity in a phenomenal location. The Jesse Owens Townhomes offer a developer a prime development opportunity in a fantastic location. The well-planned project consists of (16) 3-bedroom / 2.5-bathroom units. The units are two stories with attached two-car garages and planned for approximately 1,710 livable SF each. The units have nice, functional, spacious floorplans with interior laundry rooms, a large master bedroom, roomy bathroom, and walk-in closet. A new buyer is welcome to continue with these plans or to design their own. Preliminary grading & drainage plans as well as landscape plans are complete. The site is also planned to have a small BBQ area and dog park. The west valley is exploding with industrial development, bringing thousands of jobs and a need for housing. This development opportunity offers an investor a more boutique-sized deal with a quaint feel, nice amenities, great floorplans, and beautiful architecture allowing the developer to set themselves apart from the traditional garden style development that is so common in the west valley. This "infill" location should prove to be extremely attractive to renters whose job brings them into the city. The location, size, and design of this project offers an investor a very attractive development opportunity in the heart of one of the most vibrant areas in all of Arizona. INVESTMENT HIGHLIGHTS " 16-Unit Development Opportunity in the Popular South Mountain Area " Preliminary Site Plan Approved for (16) 3-Bedroom / 2.5-Bathroom Units " 1,710 SF, Two-Story Units With Attached Two-Car Garages (Buyer Can Use These Plans or Do Their Own) " Preliminary G&D & Landscape Plans Are Complete " South Mountain Park & Preserve Is Less Than 2 Miles South With Extensive Hiking & Panoramic Views " Phoenix Sky Harbor International Airport Is Located Minutes to the North of the Site " The Heart of Downtown Phoenix Is Just Five Miles North " Valley Light Rail Expansion Is Scheduled to Be Complete in 2024, With Station & Park 'n Ride Within Walking Distance of this Project " Located Within an Opportunity Zone (OZ), Difficult Development Area (DDA), & Qualified Census Tract (QCT)