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320 Hatcher Rd
Phoenix, AZ 85020 North Mountain

$775,000 USD

Land For Sale  •  0.88 AC

Property Details

  • Property Type Land
  • Lot Size 0.88 AC
  • Zoning R-5
40 Transit Score
60 Walk Score

Description

Shovel ready, fully approved project awaiting a developer to pull permits. Plan set conveys with sale. This 3 story, 24 unit multi-family project is zoned as R-5 High Density Multi-Family located within the Hatcher District Overlay that allows restaurants, office, and retail within new developments. There are 11 garages, 20 additional surface parking spaces, 6 three bed/two bath, 14 two bed/one bath, and 4 one bed/one bath. The development consists of 24,000 square feet under roof.

Highlights

Shovel ready, fully approved project awaiting a developer to pull permits.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $388,970 USD (2026)
Total Expenses: $101,530 USD

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 23 min - 13.4 mi
Phoenix-Mesa Gateway 56 min - 40.1 mi
Keith Grayson 602-418-0350 Grayson Real Estate
Keith Grayson 602-418-0350 Grayson Real Estate