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338 Willetta Street
Phoenix, AZ 85004
Palm Skyline · Land For Sale · 0.58 AC

Investment Highlights

  • Shovel-Ready 25-Unit Development
  • Plans for 4 Story, 1st Floor Podium Parking, 5th Floor Roof Deck w/ Magnificent City Skyline Views
  • Plans for Community Co-Working Space, Fitness Center, Gaming Area
  • Plans for Majority Large 2/2's(990 SF) and Large 3/3's(1,466 SF)
  • Near Arizona State University(ASU) Downtown Campus
  • Close Proximity to Roosevelt Row(RoRo)

Executive Summary

Palm Skyline represents the rare opportunity to purchase a fully entitled, shovel-ready 25-unit development in the trendy Roosevelt Row neighborhood of Downtown Phoenix. The exceptional unit mix is comprised of 1 One-Bedroom, 22 Two-Bedroom/Two-Bath and 2 Three-Bedroom/3-Bathroom floor plans, offering housing solutions to a wide-ranging demographic from graduate students to young growing families. The proposed units offer residents modern features and amenities including modern plank flooring, shaker cabinets, quartz countertops, subway tile backsplash, full size stainless-steel appliances, in-unit washer/dryer, modern lighting and fixtures and a 5th floor roof deck providing magnificent city skyline views, a community co-working space and fitness center.

Palm Skyline is located in one of the hottest rental neighborhoods in Metro Phoenix, the trendy Roosevelt Row Arts District. Roosevelt Row Arts District is home to award-winning art galleries, renowned artists, hip restaurants, and a vibrant urban culture. Roosevelt Row is one of the most Instagrammed art spaces in the US. The districts monthly First Friday’s event is one of the nation’s largest, self-guided art walks and has been highlighted by USA Today as “The Top 10 Arts Districts in the US.” The property is surrounded by crafty cocktail lounges and trendy restaurants such as Taco Chelo, Tap That Downtown, Greenwood Brewing, Bliss ReBAR, Cambria Hotel’s Breakfast Bitch, Golden Margarita, Arizona Wilderness DTPHX, Carly’s Bistro, Black Bird Bike, The Theodore Beer + Wine Bar, The Nash Jazz Club, The Churchill Phoenix, FOUND:RE Phoenix’s the Match Market & Bar, Snooze, Pita Jungle, Cibo, and The Vig Fillmore.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.58 AC
Zoning DTC-EEVER HP

1 Lot Available

Lot

Price $1,350,000
Price Per AC $2,327,586.21
Lot Size 0.58 AC

DTC-EEVER HP

  • Listing ID: 39893005

  • Date on Market: 3/24/2026

  • Last Updated:

  • Address: 338 Willetta Street, Phoenix, AZ 85004

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