PHOENIX – Situated on 2.15 acres, this excellent infill development recently sold for $840,000. The site is located just south of the southwest corner of Cambridge Avenue and 27th Street in Central Phoenix.
Nick Miner, CCIM and J.T. Taylor at ORION Investment Real Estate represented the Seller in this transaction. "This was a great infill redevelopment property. Before we were involved in the marketing efforts, a previous buyer was planning to build 10 single-family lots on the property. The new Buyer intends to construct a development that has more density and will be a product that they have already developed on other sites in the immediate area," said Miner.
The Seller was Two Blonde Chicks, LLC, represented by ORION. The Buyer, Arcadia 1, LLC, was represented by Remo Paul at Realty One Group.
2604 North 27th Street
Phoenix, Arizona 85008
2.15 acres sold near 24th street and Thomas road - AZ Big Media
Central Phoenix Infill Site sold for Hi-Density Development - Real Estate Daily News
Infill development planned near 24th street and Thomas road - Rose Law Group Reporter