2854 E Wier Ave Phoenix, AZ 85040
South Mountain NeighborhoodEstimated payment $8,378/month
About This Lot
This Property is a rare opportunity to acquire a platted and partially entitled 28-unit multifamily development with the major pre-construction work completed.
This project owner has civil plans, landscape plans, MEP plans, and recently extended City of Phoenix permits. This allows an investor developer potentially years of entitlement risk, architectural coordination, and municipal approvals.
Highlights:
" Final plat completed for 28 units.
" Civil plans completed.
" Landscape plans completed.
" Complete MEP (HVAC, electrical, plumbing) engineering completed.
This offering dramatically reduces timeline risk and carrying costs by eliminating the most unpredictable phases of development -- zoning, engineering coordination, and permit approval.
Additionally, the project architect is available to answer any technical or design-related questions and assist the buyer throughout the transition process. The ownership team is prepared to support a smooth handoff and help facilitate the path to construction.
Ideal for builders or multifamily developers seeking a near shovel-ready asset in a high-demand rental market.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,270
Lot Details
- 2.08 Acre Lot
- Property is zoned R-3
Utilities
- Natural Gas Not Available
Community Details
- No Home Owners Association
- 28Th Street Lofts Subdivision
Listing and Financial Details
- Assessor Parcel Number 122-58-131
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/03/2026 09/03/26 | Price Changed | $1,425,000 | -16.2% | -- |
| 02/19/2026 02/19/26 | For Sale | $1,700,000 | -- | -- |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6986821
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.