Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1724 W Desert Cove Ave Phoenix, AZ 85029

    For Sale
    $500,000

    Spacious lot zoned for multifamily development in Phoenix.

    Property size:
    24,687 SF
    Lot size:
    24.00 Acres

    Property Features for 1724 W Desert Cove Ave

    General Information

    Size
    24,687 SF
    Lot size
    24.00 Acres

    Source: Dana Hearon Agent Dana Hearon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phoenix Land Investment Opportunity

    This property, zoned R-3, presents an investment opportunity with an expansive lot in the Phoenix area. The location offers proximity to major transportation routes and the potential for high rental demand. Market conditions are favorable for multifamily development, suggesting strong potential for long-term investment growth. Infrastructure supports multifamily development, and the property is close to amenities and local conveniences. The 85029 area of Phoenix features a mix of residential and commercial offerings. Nearby, Metrocenter Mall provides shopping and dining options, while the Thunderbird School of Global Management and Cave Creek Park offer educational and recreational opportunities. The property's location provides convenient access to major roadways and a thriving economic landscape. The property size is 24687 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0962899
    Latitude
    33.5862016

    Nearby Similar for Sale

    • $11,600,000

      Arcadia Area Condos For Sale

      Eight high-end condos in Phoenix's Arcadia area, each with private elevator.
      4525 N 40Th St, Phoenix, AZ 85018
      View Details
    • New
      $534,400

      Renovated Multi-Family Property in Phoenix

      Three units, renovated in 2024, located in Roosevelt Arts District.
      325 N 17Th Dr, Phoenix, AZ 85007
      View Details
    • $615,000
      Pending

      New Construction Duplex in Phoenix

      Modern duplex in downtown Phoenix with no HOA fees.
      1120 S 4Th Ave, Phoenix, AZ 85003
      View Details
    • $499,999

      Phoenix Multi-Unit Investment Opportunity

      Two adjacent properties with three units in central Phoenix.
      1813 W Sherman St, Phoenix, AZ 85007
      View Details
    • New
      $424,900

      Phoenix Multifamily Investment Opportunity

      Four-unit property with income and renovation upside near GCU.
      2522 W Palo Verde Dr, Phoenix, AZ 85017
      View Details
    • $959,000

      Updated Tri-Plex in Uptown Phoenix

      Updated tri-plex in Uptown Phoenix, great investment opportunity.
      6239 N 14Th St, Phoenix, AZ 85014
      View Details

    FAQs

    What type of property is this?
    Land - Spacious lot zoned for multifamily development in Phoenix.
    Where is this land located?
    The property is located at 1724 W Desert Cove Ave Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Zoned R-3 for multifamily development, offering immediate development potential.; - Spacious lot in the thriving Phoenix area, providing ample space for construction.; - Strong potential for long-term investment growth in a dynamic market.
    (408) 497-5574
    Request Owner's contact information
    1724 W Desert Cove Ave Phoenix, AZ 85029
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1724 W Desert Cove Ave
    Phoenix, AZ 85029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1724 W Desert Cove Ave Phoenix, AZ 85029
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.