3248 W INDIAN SCHOOL Road .-, Phoenix, AZ 85017

$2,000,000
Property Type: Land Lot Size (sq. ft.): 76,111 Status: Active
Current Price: $2,000,000 List Date: 12/01/2025 Last Modified: 12/01/2025

Overview

Description

R-5 permits up to 94 Multi-Family units *** Signalized Access at 33rd Ave/Indian School Rd *** Across the street from Los Altos Ranch Market, Costco, McDonalds, DDs, Krispy Kreme Ross Dress For Less & Chase Bank *** Listing Agent related to Seller entity *** 5 minutes to Grand Canyon University, 10 minutes to Downtown Phoenix, 15 minutes to Sky Harbor Airport *** Ready for new Multi-Family development - LIHTC - located in QCT *** New Indian School/35th Ave/Grand Ave interchange realignment scheduled for summer of 2026 per ADOT.

Listing Details MLS# 6952559

Location, Tax & Legal

House Number
3248
Compass
W
Street Name
INDIAN SCHOOL
St Suffix
Road
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85017
Zip4
3901
Country
US
County Code
Maricopa
Assessor Number
154-24-073-C
Subdivision
Legal in Escrow
Tax Year
2025
Lot #
.-
Assessor's Map #
24
Legal Description (Abbrev)
THT POR W2 W2 SE4 SW4 SEC 23 DAF COM SE COR SW4 SD SEC TH W 1310.63F TH N 50F TH N 265.79F TO POB TH
Assessor's Parcel #
73
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
109102
Taxes
8907

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

General Property Description

Apx Total Acres
1.75
Apx Total Acres G/N
G
Price Per Acre
1142857.14
# Lots in Listing
Yes
# Units Allowed
94
Apx SqFt
76111
Price Per SqFt
26.28
Apx SqFt G/N
G
Lot Size Dimensions
Irregular
Street Frontage
30
Zoning
R5
Flood Zone
No
Elementary School District
Alhambra Elementary District
High School District
Phoenix Union High School District
High School
Alhambra High School

Remarks Misc

Cross Street
Indian School Road and 33rd Ave
Directions
Indian School Rd between I-17 and US-60/Grand Ave, across the street from Los Altos Ranch Market, Costco, McDonalds, DDs, Fallas, Krispy Kreme & Chase Bank.

Legal Info

Township
2N
Range
2E
Section
23
Lot Number
.-

Showing Notification Methods

Showing Service
No Showing Service Used
No Notification Required to Show
Yes

More Information

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Down Payment
0
Equity
2000000
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
Hotel/Motel
Yes

Potential Use

Multi-Family
Yes
Hotel/Motel
Yes

Parcel Size

1.00 - 2.49 Acres
Yes

Current Density

40+ Units P/Acre
Yes

Proposed Density

40+ Units P/Acre
Yes

Development Status

Raw Land
Yes

Land Features

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

Elevation

1,001 - 2,000 Ft
Yes

Elevation Source

Owner
Yes

Vegetation

Natural Vegetation
Yes

Land Configuration

Square Rectangular
Yes
Irregular Shape
Yes

Road Access Type

Alley
Yes
City Street
Yes

Road Surface Type

Asphalt
Yes

Road Responsibility

City Maintained Road
Yes

Traffic Count

50,001 to 75,000
Yes

Fencing

Block
Yes
Chain Link
Yes

Water Source

City Franchise
Yes

Freeway/Highway

Up to 1 Mile
Yes

Sewer

Sewer - Available
Yes

Electric

SRP
Yes

Topography

Level
Yes

Gas

SW Gas
Yes

Existing Structures

None
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes
1031 Exchange
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Private
Yes

Distance to Electric

On Property
Yes

Existing 1st Loan Type

Not Applicable
Yes

Distance to Gas

Under 350 Feet
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Distance to Sewer

On Property
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Use Restrictions

C.C. & R's
Yes
Existing Easement
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes
Boundary Survey Avlb
Yes
ALTA Survey Alba
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

Phase I Available
Yes

Existing Other Loan

Not Applicable
Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot; Commercial Lot; Residential Acreage; Commercial Acreage Zoned Presently: Multi-Family; Hotel/Motel Potential Use: Multi-Family; Hotel/Motel Parcel Size: 1.00 - 2.49 Acres Current Density: 40+ Units P/Acre Proposed Density: 40+ Units P/Acre Development Status: Raw Land Land Features: Curb(s) & Gutter(s); Sidewalk(s); North/South Exp Elevation: 1,001 - 2,000 Ft Elevation Source: Owner Vegetation: Natural Vegetation Land Configuration: Square Rectangular; Irregular Shape Road Access Type: Alley; City Street Road Surface Type: Asphalt Road Responsibility: City Maintained Road Traffic Count: 50,001 to 75,000 Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Available Electric: SRP Gas: SW Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: Under 350 Feet Distance to Sewer: On Property Existing 1st Loan: Private Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional; 1031 Exchange Use Restrictions: C.C. & R's; Existing Easement Environmental: Phase I Available Showing Notification Methods: No Notification Required to Show Lockbox Type: None Fencing: Block; Chain Link
IDX
Listing Office: Fathom Realty Elite
Last Updated: December - 01 - 2025
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