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650 W Coolidge St 1,126 SF Retail Building Phoenix, AZ 85013 $650,000 ($577.26/SF)
Investment Highlights
- Surrounded by new multifamily development, including 13,000 units under construction within 5 miles.
- Dense retail corridor less than one mile away with diverse restaurants and shopping.
- Redevelopment potential for retail or mixed-use concepts on 0.20 acres.
- Traffic counts support strong visibility and signage opportunities.
- Located near the Biltmore area and the vibrant Melrose District along 7th Avenue.
Executive Summary
This property presents an appealing redevelopment opportunity near Phoenix’s dynamic Melrose District and Biltmore area. Comprising a freestanding 994-square-foot building on a 0.20-acre parcel, it offers flexibility for retail or mixed-use adaptation. Zoned C-3 (Commercial), the site benefits from its strategic placement along 7th Avenue and Coolidge Street, ensuring visibility and easy access.
The immediate trade area is known for its dense retail corridors and diverse dining and entertainment options, with numerous established businesses operating within a one-mile radius. The location is positioned amidst high-traffic counts, while more than 13,000 multifamily units are currently in construction within 5 miles, adding to local consumer demand.
With Phoenix’s robust population growth, this property offers potential for value-add investors and developers seeking to leverage proximity to thriving lifestyle centers and urban infill trends.
The immediate trade area is known for its dense retail corridors and diverse dining and entertainment options, with numerous established businesses operating within a one-mile radius. The location is positioned amidst high-traffic counts, while more than 13,000 multifamily units are currently in construction within 5 miles, adding to local consumer demand.
With Phoenix’s robust population growth, this property offers potential for value-add investors and developers seeking to leverage proximity to thriving lifestyle centers and urban infill trends.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,126 SF
Building Class
C
Year Built
2000
Price
$650,000
Price Per SF
$577.26
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.20 AC
Zoning
C-3 - General Commercial
Frontage
55’ on West Coolidge Street
Amenities
- Smoke Detector
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 155-34-034 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,250 |
Property Taxes
Parcel Number
155-34-034
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,250
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650 W Coolidge St
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