Glendale Rd

Two adjoining off market lots for sale for a total of 1.1 acres. Best use is to build 10 townhomes, around 2500 sqft each home. Less than a mile from us there are new townhomes selling for around 565k. These comps are also on a busy street and surrounded by commercial.This land is a scarce asset because the other lots available on mls are in a flood plain so you're restricted on how many homes can be built. Our lots are not cleared so we budgeted about $150k to clear and pave roads. Currently zoned r-75 (zoning code attached). Tier 2 overlay (Scottdale overlay attached). I believe a variance will be needed for townhomes. Scottdale is easy to work with because they encourage new residential and commercial development. Scottdale is arguably one of the hottest cities for new construction.