Entitled Multifamily Development
For Sale
Contact for pricing
1040 E McDowell Rd, Phoenix, AZ 85006
Approved plans combine residential density with street-level commercial space in a central Phoenix setting.
Property SizeContact for details
Days on Market9
Property Features for 1040 E McDowell Rd
General Information
Standard status
Active
Property subtype
Multi-Family
Amenities
Banner – University Medical Center (746 beds) sits directly across McDowell Rd; Phoenix Children's, Abrazo Arizona Heart, St. Joseph's / Barrow and the Phoenix VA Medical Center are all with 3 miles.
The conceptual site plan was submitted to the City in August 2026 and is proceeding through site plan review.
The PUD rezoning is complete and the conceptual site plan is in City review. A buyer inherits an 80-foot height allowance on McDowell Road.
Listed By:
Kyle Ingram · License #License(s): AZ: SA711131000
(602) 687-6816
Source:
Marcusmillichap
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 9 at 4:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kyle Ingram
Investment Insights
Based on property information with market context.
This 2.84-acre commercial land site is entitled for a 255-unit apartment project with ground-floor retail. The approved residential and commercial components create a defined mixed-use development program.
At 1040 E McDowell Road in Phoenix, the site sits across McDowell Road from Central Phoenix’s largest hospital campus and 1.5 miles from the downtown core.
At 1040 E McDowell Road in Phoenix, the site sits across McDowell Road from Central Phoenix’s largest hospital campus and 1.5 miles from the downtown core.
Key Highlights
- 2.84‑acre entitled development site
- Approved for 255 apartment units
- Ground‑floor retail included in the approved project
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,180
Businesses Nearby
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Business Placement
Demographics for 85006, AZ
23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Approved plans combine residential density with street-level commercial space in a central Phoenix setting.
Where is this commercial land located?
The property is located at 1040 E McDowell Rd Phoenix, AZ.
What are key features of this property?
This property features: 2.84‑acre entitled development site; Approved for 255 apartment units; Ground‑floor retail included in the approved project
