299 lots on ±26.5 acres

This property is located at the northeast corner of South 59th Avenue & West Elliot Road.

±26.42 Acres (Net)

298 Units

Please click on the link to access the site plan.

Submit - Horizontal improvements have commenced. Buyer may submit an offer based upon the horizontal improvements being completed by Seller (including the roads). Alternatively, Buyer may submit an offer that deducts the remaining improvements from the purchase price. Seller is open to assigning its contracts with its consultant, LJA.

R-3 - PRD Option

Please click on the link to access the zoning document.

Plans are approved and can be assigned to Buyer as part of the acquisition. Additionally, the 172 stand alone 2 bdr units may be converted to 3bdr or 4bdr 2 story units, and it is believed that the site plan can accommodate the additional parking requirements. Buyer to verify parking requirements and feasibility and design of any product changes.

Please click on the link to access the one bedroom - type 1 floorplans.

Please click on the link to access the one bedroom - type 2 floorplans.

Please click on the link to access the two bedrooms floorplans.

• Approximately $15,447,332 has already been invested in horizontal improvements on the site.
• The remaining cost for additional horizontal improvements is estimated to be $2,857,495.
• Landscaping is not included as a part of the horizontal improvement budget.
• Please click on this link to see the enclosed map detailing the remaining improvements.

Desert Meadows Elementary School

Laveen Elementary School

Betty Fairfax High School

Cactus Canyon High School

Water - City of Phoenix

Sewer - City of Phoenix

Electric - Salt River Project (SRP)

Gas - Southwest Gas Company

• The project presents limited development risk exposure, as the horizontal improvements have already been initiated and are ±85% complete.
• The subject property is located within a Difficult Development Area (DDA).
• Employment in Laveen, Arizona, is steadily growing due to its proximity to Phoenix and the ongoing development of residential and commercial projects. The area offers opportunities in sectors such as retail, healthcare, education, and construction, with many residents commuting to nearby Phoenix for additional job prospects. Vacant land to the south of the subject property is planned for a hospital, auto mall, and shopping center, further enhancing local employment opportunities.