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- LoopNet Team
1st & McKinley St
Phoenix, AZ 85004
Land For Sale
·
1.00 AC
Investment Highlights
- Downtown Phoenix Development Opportunity
- Consists of two (2) adjacent parcels
- All Utilities are on Site
- Located in Opportunity Zone
- Flexible Parking Requirements
- Maximum height of 250 feet
Property Facts
| Property Type | Land | Total Lot Size | 1.00 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | DTC-W-EV, C-DT - City of Phoenix located in OPPORTUNITY ZONE Allows by By-Right High Density Residential | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.00 AC |
| No. Stories | 1 |
| Zoning | DTC-W-EV, C-DT - City of Phoenix located in OPPORTUNITY ZONE Allows by By-Right High Density Residential |
Description
Cushman & Wakefield is pleased to present a unique opportunity to purchase a ±43,492 square foot, high density high-rise multifamily development site in Phoenix’s rapidly transforming Central Corridor located in the Opportunity Zone. This rare site is located along the Valley Metro Light Rail, with two stations within walking distance of the property at Central Avenue and Roosevelt Street, and Central Avenue and Van Buren Street. Phoenix’s urban revival has transformed the Central Corridor into a 24-hour live-work-play environment with new residential and trendy restaurants, coffee houses and bars. In addition to the Light Rail, the area has been influenced by anchor cultural, educational, research, sports and healthcare institutions, including Arizona State University’s 12,200-student downtown campus and the 1.5 billion dollar Phoenix Biomedical Campus. The result is an unprecedented demand for urban living solutions in the Central Corridor. The opportunity consists of two (2) adjacent parcels with a combined total of ±43,500 square feet of developable land on the northwest corner of 1st Street and McKinley Street. This transit oriented development site is bound by three streets and provides for intense densities up to a maximum of 741 residential units and maximum height of 250 feet.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $58,175 | Total Assessment | $294,214 |
Property Taxes
