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North 1st Street
Phoenix, AZ 85004
Land For Sale
·
0.46 AC
Investment Highlights
- The ±20,250 square foot development site is fully entitled and located in an Opportunity Zone 1.0.
- Minutes from CityScape with popular tenants including Breakfast Club, Copper Blues, Insomina Cookies; the Arizona Center with an AMC Theater, Jersey
- 1st & Pierce is proximate to the Valley’s largest companies including Arizona State University, Freeport-McMoRan, Honeywell, Banner Health amd Intel.
Executive Summary
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) parcels with a combined total of ±20,250 square feet of developable land on the northwest corner of 1st Street and Pierce Street. This transit oriented development site is bound by two streets and is currently planned for a 37 story, 346 unit tower
(Maximum density allows up to 384 units).
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) parcels with a combined total of ±20,250 square feet of developable land on the northwest corner of 1st Street and Pierce Street. This transit oriented development site is bound by two streets and is currently planned for a 37 story, 346 unit tower
(Maximum density allows up to 384 units).
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.46 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.46 AC |
1 Lot Available
Lot
| Lot Size | 0.46 AC |
| Lot Size | 0.46 AC |
Cushman & Wakefield is pleased to present a unique opportunity to purchase a fully entitled ±20,250 square foot, high density high-rise multifamily development site in Phoenix’s rapidly transforming Central Corridor located in the Opportunity Zone.
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