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- LoopNet Team
170 E Monterey Way
Phoenix, AZ 85012
Land For Sale
·
0.16 AC
INVESTMENT HIGHLIGHTS
- Zoned for Dense Multifamily Development and Professional Office Use
- Existing Parking Structure on Property
- Infill Development Opportunity located near restaurants, transportation and shopping
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.16 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Mixed Use | ||
| Zoning | R-5 - Residential | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.16 AC |
| No. Stories | 1 |
| Zoning | R-5 - Residential |
DESCRIPTION
This opportunity consists of a ±7,105 SF parcel (zoned R-5), situated in Midtown Phoenix between Central Ave & 3rd Street. This infill parcel is positioned perfectly for new construction for professional office or residential / multifamily uses. The surrounding area consists of similarly sized lots improved with small professional office / retail buildings, as well as much larger commercial multi-story office buildings, in-line retail centers / restaurants, and large multifamily product. The property is situated just west of 3rd St, which from Indian School to Roosevelt St is set to become a "signature street that supports a live, work, play mixed-use district." This infill parcel is an excellent opportunity for office, medical office, or multi-family developers looking to establish a presence in a rapidly redeveloping part of the Valley.
PROPERTY TAXES
| Parcel Number | 118-34-060A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $24,272 |
PROPERTY TAXES
