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    4402 Black Canyon Hwy Phoenix, AZ 85017

    Sponsored
    For Sale
    $499,998

    Prime 0.56-acre residential lot in Phoenix.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.56-acre lot, located at 4402 N Black Cyn Hwy, Phoenix, AZ 85017, presents a remarkable multifamily development opportunity. Zoned R5, this property allows for the construction of over 20 multifamily units, making it an ideal investment for developers seeking high-density residential projects. The land encompasses three individual lots totaling 24,393 square feet, providing flexibility in design and development. Situated in Maricopa County, this strategically located parcel is surrounded by existing apartment complexes, indicating strong market demand and established infrastructure. The asking price is $499,998. This prime location in Phoenix offers easy access to major transportation routes, amenities, and a thriving community. The property's R5 zoning ensures a straightforward permitting process for multifamily development. With its significant size and advantageous zoning, this land presents a compelling investment opportunity with substantial potential for return. The coordinates are 33.5005 latitude and -112.113411 longitude. Don't miss this chance to acquire a highly desirable development site in a rapidly growing area.

    Property Features for 4402 Black Canyon Hwy

    General Information

    Property type
    Land
    Lot Size
    24,394 SF

    HighLights

    • $499,998 asking price.
    • 0.56‑acre residential land parcel.
    • R5 zoning permits over 20 multifamily units.
    • Located in Phoenix, Arizona (Maricopa County, zip code 85017) at 4402 N Black Cyn Hwy.
    • Surrounded by existing apartment complexes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.113411
    Latitude
    33.5005

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    FAQs

    What type of property is this?
    Land - Prime 0.56-acre residential lot in Phoenix.
    Where is this land located?
    The property is located at 4402 Black Canyon Hwy Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $499,998.
    What are key features of this property?
    This property features: $499,998 asking price.; 0.56-acre residential land parcel.; R5 zoning permits over 20 multifamily units.
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    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
    4402 Black Canyon Hwy Phoenix, AZ 85017
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