320 E Hatcher Road 6, Phoenix, AZ 85020

$695,000
Property Type: Land Lot Size (sq. ft.): 29,658 Status: Active
Current Price: $695,000 List Date: 3/25/2026 Last Modified: 4/23/2026

Overview

Description

Seller may consider seller financing. 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.

Listing Details MLS# 7003987

Location, Tax & Legal

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
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

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
0.68
Apx Total Acres G/N
N
Price Per Acre
1022058.82
# Lots in Listing
Yes
# Units Allowed
35
Apx SqFt
29658
Price Per SqFt
23.43
Apx SqFt G/N
N
Lot Size Dimensions
218 x 137
Horses
N
Zoning
R-5
Flood Zone
No
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

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.

Legal Info

Township
3N
Range
3E
Section
29
Lot Number
6

Showing Notification Methods

Showing Service
No Showing Service Used

More Information

Special Listing Cond

Owner/Agent
Yes

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

Lockbox Type

None
Yes

Existing Land Use

Residential Lot
Yes
Commercial Lot
Yes
Residential Acreage
Yes
Commercial Acreage
Yes

Zoned Presently

Multi-Family
Yes
Commercial
Yes

Potential Use

Multi-Family
Yes
Commercial
Yes
Office
Yes
Retail
Yes

Parcel Size

.50 - .99 Acres
Yes

Current Density

16 - 20 Units P/Acre
Yes
21 - 25 Units P/Acre
Yes
26 - 30 Units P/Acre
Yes
31 - 35 Units P/Acre
Yes
36 - 40 Units P/Acre
Yes
40+ Units P/Acre
Yes

Proposed Density

16 - 20 Units P/Acre
Yes
21 - 25 Units P/Acre
Yes

Development Status

Raw Land
Yes
Subdivision Plat Apv
Yes
Plans Available
Yes
Plans Included
Yes
Prelim Eng Included
Yes
Flood Elevation Certificate
Yes

Land Features

Curb(s) & Gutter(s)
Yes
Sidewalk(s)
Yes
North/South Exp
Yes

View

Mountain(s)
Yes

Elevation Source

Topo Survey
Yes

Land Configuration

Square Rectangular
Yes

Road Access Type

City Street
Yes

Road Surface Type

Asphalt
Yes

Road Responsibility

City Maintained Road
Yes

Traffic Count

15,001 to 25,000
Yes

Fencing

Block
Yes
Chain Link
Yes

Water Source

City Franchise
Yes

Freeway/Highway

2.1 - 5 Miles
Yes

Sewer

Sewer - Public
Yes

Electric

APS
Yes
Submetered System
Yes
Individual Meter
Yes

Topography

Level
Yes

Gas

None
Yes

Existing Structures

None
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes
Seller Approve Terms
Yes
Owner May Carry
Yes
Wrap
Yes
1031 Exchange
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Distance to Electric

On Property
Yes

Distance to Gas

None
Yes

Distance to Sewer

On Property
Yes

Reports/Disclosures

Soil Test
Yes
Seller Prop Disc Stm
Yes
Boundary Survey Avlb
Yes
ALTA Survey Alba
Yes
Flood Elevation Certificate
Yes

Environmental

Phase I Available
Yes

Seller May Carry (SMC) Payment

Monthly
Yes
Interest Only
Yes
Balloon
Yes

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; Seller Approve Terms; 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
IDX
Listing Office: Grayson Real Estate
Last Updated: April - 23 - 2026
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