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Shovel-Ready Multifamily Development Site

320 E Hatcher Road, Phoenix, AZ 85020

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For Sale

$649,900

LAND - Phoenix, AZ

Property size:

16,396 SF

Lot size:

0.88 Acres

Price / SF:

$39/SF

HighLights

Shovel‑ready, fully approved 20‑unit multi‑family project; permits ready to be pulled.
R‑5 High Density Multi‑Family zoning allows for restaurants, office, and retail.
Includes a plan set that conveys with the sale.
Offers a mix of unit types: 4 three‑bed/two‑bath, 6 two‑bed/two‑bath, 2 one‑bed/one‑bath, and 8 studios.
Features 10 garages and 20 additional surface parking spaces.
Total development size is 16,396 square feet.

We can help!

Contact an agent

Keith Grayson

For Sale

$649,900

LAND - Phoenix, AZ

Property size:

16,396 SF

Lot size:

0.88 Acres

Price / SF:

$39/SF

Added:: Mar 25, 2026
Days on Market:: 104
Last Refresh:: Jul 6 at 6:06 pm

Property Features for 320 E Hatcher Road

General Information

Property type: Land
Property subtype: Other
Zoning: R-5
Fencing: Chain Link
Standard status: Active
APN: 159-45-141
Lot size: 0.88 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: TENGEN PLACE ADD LOT 6 W2 BLK H
Tax Annual Amount: 624

Utilities

Sewer type: Public Sewer

We can help!

Contact an agent

Keith Grayson

Listing agent Keith Grayson

Listing office Grayson Real Estate 8025 N 12th St, Phoenix, AZ

Listing date Mar 25, 2026

MLS# 7003987 Listing URL

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Shovel‑ready, fully approved 20‑unit multi‑family project; permits ready to be pulled.
R‑5 High Density Multi‑Family zoning allows for restaurants, office, and retail.
Includes a plan set that conveys with the sale.
Offers a mix of unit types: 4 three‑bed/two‑bath, 6 two‑bed/two‑bath, 2 one‑bed/one‑bath, and 8 studios.
Features 10 garages and 20 additional surface parking spaces.
Total development size is 16,396 square feet.

Overview

This shovel-ready, fully approved project is being sold with the plan set conveying. The development is designed as a two-story, 20-unit multifamily property zoned as R-5 High Density Multi-Family. The unit mix includes 8 studios, 2 one bed/two bath units, 6 two bed/two bath units, and 4 three bed/two bath units. The project also includes 10 garages and 20 additional surface parking spaces, and it is planned as a 16,396-square-foot development.

The site is located at 320 E Hatcher Road in Phoenix, Arizona 85020, within the Hatcher District Overlay. The overlay allows restaurants, office, and retail within new developments, subject to the applicable development standards.

For developers and builders, this package offers an approved plan set for a defined 20-unit multifamily build, along with a parking layout that combines garage and surface spaces. For buyers looking to move into permitting with a clear configuration, the R-5 high density multifamily zoning and the overlay’s allowance framework for mixed-use components may support a range of development approaches, while keeping the core residential program in place.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.068481
Latitude: 33.571571

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For sale
Apartment buildings
AZ
Phoenix
85020
320 E Hatcher Road

What type of property is this?

Apartment building - Fully approved 20-unit, two-story multifamily project with parking and a defined unit mix, ready for permit activity.

Where is this apartment building located?

The property is located at 320 E Hatcher Road Phoenix, AZ.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: Shovel‑ready, fully approved 20‑unit multi‑family project; permits ready to be pulled.; R‑5 High Density Multi‑Family zoning allows for restaurants, office, and retail.; Includes a plan set that conveys with the sale.

320 E Hatcher Road, Phoenix, AZ 85020

LAND - Phoenix, AZ

Property Features for 320 E Hatcher Road

General Information

Taxes and HOA fees

Utilities

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Facility with Pool

Operational Assisted Living Facility

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

Side-by-Side 2025 Duplexes

Two-Story Multifamily with 8 Units

5-Unit Multifamily with Recent Renovations

Phoenix Duplex with Rental Potential

Fourplex Residential Income Building

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