Land for Sale - zoning approved for Multifamily
Multifamily Land for Sale - Approved for 26 Units per Acre
Marketing description
Prime Multi-family Development Opportunity in Phoenix, AZ – C-2 Zoned Land at 19th Ave & Cactus Rd
Presenting a rare and highly desirable opportunity to acquire up to 11.609 gross acres (9.0 + 2.609 acres) of zoning approved land in the vibrant heart of Phoenix, Arizona. Located at the NEC and SEC of 19th Avenue and Cactus Road, this dual-lot property sits at a signalized intersection with exceptional visibility and access—ideal for a wide variety of commercial or high-density residential uses.
Key Highlights:
Zoning: C-2, City of Phoenix – allowing for commercial and multifamily residential development with up to 26 dwelling units per acre and building heights up to 40 feet (3 stories).
Lot Size: Lot 1: ±9.0 gross AC / 7.872 net AC; Lot 2: ±2.609 gross AC / ±2.116 net AC.
Utilities: City of Phoenix water & sewer; Arizona Public Service electric.
Location Benefits: Adjacent to the scenic Phoenix Mountain Preserve and minutes from Interstate 17, Light Rail, major employment hubs, and hospitals—offering both serene surroundings and unmatched connectivity.
Traffic Exposure: Benefit from high visibility with over 197,000 vehicles per day at this prominent intersection.
Demographics: A stable and mature trade area with over 418,000 residents within 5 miles and rising household incomes projected through 2029.
Qualified Census Tract (QCT): Located in a HUD-designated QCT, opening potential avenues for development incentives and favorable financing.
Conceptual Plans: Previous ownership secured entitlements for a senior independent living community, while the current owner has proposed a flexible campus-style layout ideal for a residential treatment center, transitional housing, or detox facilities.
Investment highlights
nvestment Highlights – Multifamily Development Opportunity
🔹 Prime Urban Infill Location
Strategically located at the NEC and SEC of 19th Avenue & Cactus Road, the property offers exceptional access to major transportation corridors including I-17 and the Phoenix Light Rail, making it highly attractive for workforce and market-rate multifamily housing.
🔹 Generous Lot Size
With a combined ±11.609 gross acres (±9.988 net acres), the site provides ample space for a master-planned multifamily community with room for amenities, parking, and landscaping.
🔹 Favorable Zoning – C-2 (City of Phoenix)
C-2 zoning supports up to 26 dwelling units per acre and permits building heights up to 40 feet (3 stories), offering robust density potential and development flexibility.
🔹 Strong Demographics and Demand Drivers
Within a 5-mile radius, the population exceeds 417,000 with a median household income of nearly $80,000. The submarket benefits from stable occupancy and consistent rent growth, supported by proximity to employment centers and healthcare facilities.
🔹 Utility Infrastructure in Place
The site is served by City of Phoenix water and sewer, and APS electricity—streamlining development timelines and reducing off-site improvement costs.
🔹 HUD Qualified Census Tract (QCT)
Located in a designated QCT, the site may qualify for Low-Income Housing Tax Credits (LIHTC) and other federal or local housing incentives—boosting financial feasibility for affordable or mixed-income housing.
🔹 Previous Entitlements & Conceptual Flexibility
Previously entitled for senior living and conceptually proposed for a residential treatment campus, the site’s development-ready status enhances adaptability for various residential multifamily formats, including affordable, senior, or market-rate rentals.
🔹 High Visibility & Daily Traffic
Frontage along 19th Avenue and Cactus Road provides excellent signage opportunities and exposure to more than 197,000 vehicles per day—driving strong leasing visibility.
🔹 Proximity to Lifestyle Amenities & Nature
Near the Phoenix Mountain Preserve, Thunderbird High School, and multiple shopping and dining destinations, the site offers an appealing blend of convenience and quality of life for future residents.
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