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    931 Pierson St Phoenix, AZ 85013

    For Sale
    $1,450,000

    13-unit townhome land, fully entitled

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0.78-acre opportunity in Phoenix, AZ's Camelback Corridor Opportunity Zone is fully entitled for a 13-unit townhome development. Complete architectural, structural, MEP, and civil plans are available, streamlining the development process. Each unit offers 1783 square feet of living space. Utilities are readily accessible in the right-of-way. The site's R-4 zoning permits this residential project. The property's prime location offers convenient access to Grand Canyon University (approx. 6 miles), Phoenix College (approx. 2 miles), and other key areas including downtown Phoenix (approx. 5 miles) and Sky Harbor International Airport (approx. 10 miles). Premium finishes and alternative building products are specified, promising strong cash flow. This meticulously planned development presents a compelling investment opportunity within the Opportunity Zone framework. The detailed site plans are available for review. This is a turnkey project ready for immediate development.

    Property Features for 931 Pierson St

    General Information

    Property type
    Land
    Lot Size
    33,977 SF

    HighLights

    • Fully entitled land, ready for 13 lots.
    • Complete architectural, structural, MEP, and civil plans available.
    • Utilities are readily available on‑site.
    • Excellent location: ~5 miles from Downtown Phoenix, ~6 miles from Phoenix Mountains Preserve, ~10 miles from Sky Harbor Airport, and within a 10‑25 minute drive of Grand Canyon University, Phoenix College, GateWay Community College, South Mountain Community College, and Papago Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.086269
    Latitude
    33.507325

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    FAQs

    What type of property is this?
    Land - 13-unit townhome land, fully entitled
    Where is this land located?
    The property is located at 931 Pierson St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Fully entitled land, ready for 13 lots.; Complete architectural, structural, MEP, and civil plans available.; Utilities are readily available on-site.
    (480) 442-2447
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    931 Pierson St Phoenix, AZ 85013
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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
    931 Pierson St Phoenix, AZ 85013
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