|Price/Rent PSF||$ 1,985,720.00|
The subject property is conveniently located in the heart of Downtown Phoenix just south of Fillmore St. on 4th Ave. This site is conveniently located near the I-10 Fwy. and is walking distance to Light Rail, popular coffee shops, award winning bars and restaurants, and countless other amenities including Talking Stick Arena, Chase Field, and both the ASU and U of A Downtown campuses. Currently, Downtown Phoenix is in the midst of undergoing a dramatic transformation with 2,000+ multi family units being built or planned for construction and an abundance of office and retail businesses targeting this submarket. With renewed urban vibrancy and a locally owned charm, Downtown Phoenix is becoming the epicenter for students and young professionals alike, creating tremendous demand for urban living.
The subject site consists of three parcels totaling 21,119 SF with Downtown Phoenix zoning of DTC-VANB. With major mixed use development immediately across the street, this site offers a wide range of possibilities. Additionally, this same Seller is offering for sale 326-338 N. 4th Ave., a 26,740 SF lot with identical zoning presenting a rare opportunity for more density or a multi phased project.