Unique opportunity to acquire an entitled, planned and permitted hybrid residential/commercial parcel before it hits the open market

Where: 5454 S Beck Ave, Tempe, AZ 85283

What: 3.5 acre parcel that in 2007 was planned and permitted for 75 condos and 4700 sq. ft. of commercial/retail. Package includes 153 pages of Engineering and Architectural plan drawings plus 39 pages of construction permits pulled in 2007.

Why: Parcel was purchased a few years ago by a developer for $2.4M and over $270,000 spent on permits and a further $200,000 on plans. After the market turned the project was foreclosed by lender and sold to an investor. Title, permit receipts and all plans are in hand. This project was shovel ready and will soon return to the market with all the plans and permit receipts.

Price: $850k Net. You add your fees on top of this.

When: Taking offers now.

https://docs.google.com/file/d/0B-naEZPeXNt9bk9BZnFLWjZYU0k/edit