$3,000,000

Description

Baseline Townhomes is a fully approved, shovel ready, prime development opportunity in the south Phoenix submarket along the highly coveted Baseline Corridor. The property is located at the corner of 10th Street and Baseline Road, five minutes away from the South Mountain Park and Preserve. This parcel is located in the ''bullseye'' of the Valley, less than five miles to the heart of Downtown Phoenix to the north, as well as Sky Harbor International Airport approximately six miles away. The major intersection of 24th Street and Baseline lies less than two miles east where many retail options exist (Target, Fry's, Walmart Neighborhood Market, PetSmart, Raising Canes, along with many other dining options). MORE Baseline Townhomes is a fully approved, shovel ready, prime development opportunity in the south Phoenix submarket along the highly coveted Baseline Corridor. The property is located at the corner of 10th Street and Baseline Road, five minutes away from the South Mountain Park and Preserve. This parcel is located in the "bullseye" of the Valley, less than five miles to the heart of Downtown Phoenix to the north, as well as Sky Harbor International Airport approximately six miles away. The major intersection of 24th Street and Baseline lies less than two miles east where many retail options exist (Target, Fry's, Walmart Neighborhood Market, PetSmart, Raising Canes, along with many other dining options). The Pointe at South Mountain Resort along with The Raven and Legacy Golf Courses are also minutes away. This location is as central as it gets and allows residents to enjoy, with ease, so much of what all parts of Phoenix have to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, this property will prove to be an exceptional centrally located development opportunity. The Baseline Townhomes site is a fully approved project featuring 60 well-planned units on approximately ±5.3 acres. The unit mix consists of (16) 2-bed/ 2-bath (single-story units), (4) 2-bed / 2.5-bath, and (40) 3-bed / 2.5-bath units. The single story units all have attached single-car garages and the two-story units all have attached two-car garages, offering an amenity not found easily in other competing apartment or BTR projects. Community amenities include a swimming pool, ramada, barbecue grills, and dog park along with beautiful mountain views of the South Mountain Park and Preserve minutes to the south. Baseline Road represents a major East-West transportation corridor in the South Phoenix submarket. The 16th Street and Baseline Road intersection located just east of the property averages approximately 21,300 cars per day of traffic in a centrally located position between Downtown Phoenix and the cities of Tempe, Mesa, Chandler, and Gilbert. The 85042 zip code features a median household income of $88,717 with close proximity to a multitude of employment drivers which include: Collins Aerospace, Amazon Fulfillment & Sortation Centers, FedEx, Home Depot Distribution Centers, Unitedhealth Group, key City of Phoenix departments, as well as Phoenix Sky Harbor International Airport. INVESTMENT HIGHLIGHTS " Located in the Heart of the Metroplex in the Extremely Popular Baseline Corridor " Less Than Five Miles to the Heart of Downtown Phoenix " Minutes To Many Shopping & Dining Options Including Target, Fry's, Walmart Neighborhood Market, & Raising Canes " Fully Approved / Shovel-Ready Plans for 60 Units " Exceptional Unit Mix (16) 2-Bed / 2-Bath Units , (4) 2-Bed / 2.5-Bath Units, & (40) 3-Bed / 2.5- Bath Units " All Units Have an Attached One or Two-Car Garage " Beautiful Views of the South Mountain Park & Preserve, Located Minutes Away