4412 N 28th St. #31, Phoenix, AZ 85016

BILTMORE area INFILL LOT 0.57 acres zoned R-3. Zoning may allow for 7+ attached units on this lot. This area south of Biltmore Fashion Park and the Camelback Corridor (a major center for high income employment in Phoenix) has a diverse mix of residential buildings built in different periods, however, newer condo/loft/townhomes built on smaller parcels have recently been selling for about $350,000 to $375,000 for under 2000 square feet of living space. This lot is by far the closest R-3 lot to the Biltmore area listed for sale as I write this. Non functioning exempt well with possible water rights with buyer to verify. SRP flood irrigation. Old brick and adobe house on property. Value is in the lot.