1036-1040 E McDowell Rd
Phoenix, AZ 85006
Land For Sale · 3.96 AC

Prime Urban Redevelopment Adjacent to Banner University Medical Center Newmark, as the exclusive advisor, is pleased to present 11th & McDowell (the “Property”), a premier ±3.96-acre, infill Planned Unit Development (PUD) zoned, reposition/redevelopment opportunity at the northwest corner of 11th Street and McDowell Road in Phoenix, Arizona. Strategically located within an Opportunity Zone, the Property sits along the highly trafficked, main arterial roadway, McDowell Road, and is directly across from the 755-bed Banner University Medical Center, benefitting from strong demand drivers in one of Phoenix’s most dynamic urban corridors. Positioned less than one mile from both the I-10 and State Route 51 Freeways, within the McDowell Road Miracle Mile, a historically significant stretch in Central Phoenix, the Property is surrounded by a thriving medical presence, the established Coronado Historic District, and a growing concentration of new multifamily development. Zoned Planned Unit Development (PUD), the site offers exceptional density and flexibility for redevelopment. The existing improvements include a ±24,610 SF ambulatory surgery center, two freestanding office buildings (971 SF and 7,225 SF respectively), and seven, historic, single-family bungalow-style homes located within the Coronado Historic District, ranging from 816 SF to 1,226 SF*. *As part of the rezoning efforts to bring to the current Planned Unit Development(PUD) Zoning, the 7 bungalow homes have been provided a historic designation, meaning that the main dwelling of each home cannot be demolished, however the home can be improved, auxiliary improvements can be improved/demolished, and lot lines of these homes can be amended to accommodate any redevelopment of the primary parcel.