- For sale
Fully entitled multifamily development site at the northwest corner of Central Avenue and Pierson Street in Phoenix. Site is approved for 286 apartment units, plus 14,990 SF of commercial/retail space. Total land area consists of 3.53 gross acres (2.31 net acres) in the heart of metro Phoenix.
Visit our property website to view investment details and request the offering memorandum.
This landmark location south of the major intersection of Camelback Road and Central Avenue is a hotbed for trendy restaurants and offers a quality lifestyle of convenient urban living enhanced by a service of community and tranquility. It is the highest employment area in metro Phoenix with over 200,000 jobs.
Site fronts on the Metro Light Rail, with two light rail stations within walking distance.
Uptown Phoenix has been a hotbed for development, so much so that the Urban Land Institute of AZ recently named Camelback Road and Central Avenue the Valley’s hottest intersection. Site is positioned perfectly for luxury urban living with excellent trendy restaurants and entertainment popping up all around it.
This site can take full advantage of not only the Uptown/Downtown location but also the Camelback Corridor, with the high-end retail at the Biltmore Fashion Park, such as Saks 5th Ave. Also, enjoy the bike/pedestrian tranquil paths along the North Central corridor lined with mansions and luxury homes.