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NEC 3rd St & Clarendon 0.48 Acres of Commercial Land Offered at $1,100,000 in Phoenix, AZ 85012
Investment Highlights
- Hard Zoned for High-Density Residential
- Centrally located within a major employment corridor.
- Unlimited density with a maximum buildable height 40’
- Minutes from Downtown Phoenix and The Biltmore Financial District.
Executive Summary
LevRose Commercial Real Estate is pleased to exclusively present this High-Density Infill Residential Development Opportunity. ± 20,966 SF of Vacant Land on the NEC of 3rd St & Clarendon Ave in Midtown Phoenix, Zoned Walkable Urban (WU) Code. WU Code permits unlimited density, a maximum buildable height of 40’, and offers parking reductions. Well-positioned within a central employment corridor, located minutes from The Biltmore Financial District and Downtown Phoenix.
Property Facts Under Contract
| Price | $1,100,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.48 AC |
| Property Type | Land | ||
| Zoning | WU (Walkable Urban) - Walkable Urban | ||
| Price | $1,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.48 AC |
| Zoning | WU (Walkable Urban) - Walkable Urban |
1 Lot Available
Lot
| Price | $1,100,000 | Lot Size | 0.48 AC |
| Price Per AC | $2,291,666.67 |
| Price | $1,100,000 |
| Price Per AC | $2,291,666.67 |
| Lot Size | 0.48 AC |
Vacant Land on the NEC of 3rd St & Clarendon Ave in Midtown Phoenix.
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 118-24-096B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $120,531 |
Property Taxes
Parcel Number
118-24-096B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$120,531
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NEC 3rd St & Clarendon
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