$695,000
Phoenix, AZ 85020
MLS# 7003987
1 / 9
Property Description
Shovel ready, fully approved project awaiting a developer to pull permits. Plan set conveys with sale. This 2 story, 20 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 10 garages, 20 additional surface parking spaces, 4 three bed/two bath, 6 two bed/two bath, 2 one bed/one bath, and 8 studios. The development consists of 16,396 square feet.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $695,000
List Price: $695,000
Status: Active
List Date: 2026-03-25
Location, Tax & Legal
Lot #: 6
Assessor's Map #: 45
Legal Description (Abbrev): TENGEN PLACE ADD LOT 6 W2 BLK H
Assessor's Parcel #: 141
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 104600
Taxes: 624
Marketing Name: The Norton
House Number: 320
Compass: E
Street Name: Hatcher
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85020
Zip4: 2536
County Code: Maricopa
Assessor Number: 159-45-141
Subdivision: TENGEN PLACE ADDITION
Tax Year: 2025
General Property Description
Apx Total Acres: 0.68
Apx Total Acres G/N: N
Price Per Acre: 1022058.82
# Lots in Listing: 1
# Units Allowed: 35
Apx SqFt: 29658
Price Per SqFt: 23.43
Apx SqFt G/N: N
Lot Size Dimensions: 218 x 137
Flood Zone: No
Horses: N
Elementary School District: Washington Elementary School District
High School District: Glendale Union High School District
Elementary School: Sunnyslope Elementary School
Jr. High School: Sunnyslope Elementary School
High School: Sunnyslope High School
Zoning: R-5
Legal Info
Range: 3E
Section: 29
Township: 3N
Lot Number: 6
Special Listing Cond
Owner/Agent: 1
Pmt & Rate Info
Equity: 695000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Commercial Lot: 1
Residential Acreage: 1
Commercial Acreage: 1
Zoned Presently
Multi-Family: 1
Commercial: 1
Potential Use
Multi-Family: 1
Commercial: 1
Office: 1
Retail: 1
Parcel Size
.50 - .99 Acres: 1
Current Density
16 - 20 Units P/Acre: 1
21 - 25 Units P/Acre: 1
26 - 30 Units P/Acre: 1
31 - 35 Units P/Acre: 1
36 - 40 Units P/Acre: 1
40+ Units P/Acre: 1
Proposed Density
16 - 20 Units P/Acre: 1
21 - 25 Units P/Acre: 1
Development Status
Raw Land: 1
Subdivision Plat Apv: 1
Plans Available: 1
Plans Included: 1
Prelim Eng Included: 1
Flood Elevation Certificate: 1
Land Features
Curb(s) & Gutter(s): 1
Sidewalk(s): 1
North/South Exp: 1
View
Mountain(s): 1
Elevation Source
Topo Survey: 1
Land Configuration
Square Rectangular: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Traffic Count
15,001 to 25,000: 1
Fencing
Block: 1
Chain Link: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Sewer
Sewer - Public: 1
Electric
APS: 1
Submetered System: 1
Individual Meter: 1
Topography
Level: 1
Gas
None: 1
Existing Structures
None: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
Owner May Carry: 1
Wrap: 1
1031 Exchange: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Distance to Electric
On Property: 1
Distance to Gas
None: 1
Distance to Sewer
On Property: 1
Reports/Disclosures
Soil Test: 1
Seller Prop Disc Stm: 1
Boundary Survey Avlb: 1
ALTA Survey Alba: 1
Flood Elevation Certificate: 1
Environmental
Phase I Available: 1
Seller May Carry (SMC) Payment
Monthly: 1
Interest Only: 1
Balloon: 1
Remarks Misc
Cross Street: Hatcher and 3rd Street
Directions: From AZ-51 and Northern Avenue, West on Northern, North on 7th Street, West on Hatcher to property.
Geo Lat: 33.571571
Geo Lon: -112.068481
Property Features
Special Listing Cond: Owner/Agent
Existing Land Use: Residential Lot; Commercial Lot; Residential Acreage; Commercial Acreage
Zoned Presently: Multi-Family; Commercial
Potential Use: Multi-Family; Commercial; Office; Retail
Parcel Size: .50 - .99 Acres
Current Density: 16 - 20 Units P/Acre; 21 - 25 Units P/Acre; 26 - 30 Units P/Acre; 31 - 35 Units P/Acre; 36 - 40 Units P/Acre; 40+ Units P/Acre
Proposed Density: 16 - 20 Units P/Acre; 21 - 25 Units P/Acre
Development Status: Raw Land; Subdivision Plat Apv; Plans Available; Plans Included; Prelim Eng Included; Flood Elevation Certificate
Land Features: Curb(s) & Gutter(s); Sidewalk(s); North/South Exp
View: Mountain(s)
Elevation Source: Topo Survey
Land Configuration: Square Rectangular
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Traffic Count: 15,001 to 25,000
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Submetered System; Individual Meter
Gas: None
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: None
Distance to Sewer: On Property
New Financing: Cash; Conventional; Owner May Carry; Wrap; 1031 Exchange
Seller May Carry (SMC) Payment: Monthly; Interest Only; Balloon
Environmental: Phase I Available
Lockbox Type: None
Fencing: Block; Chain Link
Listing Office: Grayson Real Estate
Last Updated: April - 21 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
You must be logged in to post a comment.