Title
Sale of Four Parcels at 4405 E. Winslow Ave. (Ordinance S-45743)
Description
Request to authorize the City Manager, or his designee, to sell four Aviation Department (AVN) owned parcels located at 4405 E. Winslow Ave. to the adjacent property owners. The prospective buyers will purchase the property from AVN for the appraised values of $58,000 for the west parcels and $28,000 for the east parcels.
Report
Summary
In October 2007, the Arizona Department of Transportation (ADOT) abandoned State Route 153 to the City of Phoenix Street Transportation Department. ADOT included four vacant remnant parcels totaling approximately 18,014 square feet as part of their abandonment. In 2010, the Street Transportation Department transferred the four vacant remnant parcels to AVN at no cost. The four parcels are located in an industrial area near University Drive and 44th Street.
The parcels are zoned A-1 (intermediate industrial) and have a combined total square footage of approximately 18,014. Their potential for development is greatly impacted by their narrow, irregular shape, as well as the right of way that encroaches upon them. Thus, a “highest and best use,” as determined by a professional appraisal reviewed by the City of Phoenix Finance Department’s Real Estate Division, is assemblage with adjacent parcels.
By disposing of the parcels, AVN can cease spending operating funds to maintain the parcels and the chain link fence that surrounds them. The parcels are not on the Airport Layout Plan, and AVN would not be able to develop the properties for aeronautical use because of their small size.
The adjacent property owners, Hasport Properties, LLC (Hasport) and FBR Holdings, LLC (FBR) wish to purchase the parcels in order to expand their parking and outdoor storage. Hasport has agreed to purchase the two western most parcels (identified by assessor parcel numbers 124-52-020A and 124-52-018A) which contain approximately 11,970 square feet. FBR has agreed to purchase the two eastern most parcels (identified by Assessor’s parcel numbers 124-52-017A and 124-52-016A) which contain approximately 6,044 square feet.
Financial Impact
The prospective buyers will purchase the property from AVN for the appraised values of $58,000 for the west parcels and $28,000 for the east parcels.
Concurrence/Previous Council Action
This item was recommended for approval at the Aviation and Transportation Subcommittee meeting on May 28, 2019, by a vote of 3-0.
Location
4405 E. Winslow Ave.
Council District: 8
Department
Responsible Department
This item is submitted by Assistant City Manager Deanna Jonovich and the Aviation Department.