|Price/Rent PSF||$ 2,775,000.00|
The subject property is located south of the southeast corner of 2nd Ave. and McKinley St. in the heart of Downtown Phoenix. The site is within an Opportunity Zone creating a tremendous opportunity for funds to take advantage of significant capital gains tax incentives. Situated less than a block from Roosevelt Row, multiple Light Rail Stations, and endless other amenities, the property is ideal for an upscale urban development. Its accessibility to Light Rail and the I-10 Freeway seamlessly connects the property with the outlying areas of the Phoenix metro including easy access to Sky Harbor International Airport, Tempe, Midtown, and other surrounding suburbs.
SVN is pleased to announce the exclusive call for offers for a 0.64 acre development site located within an Opportunity Zone in the heart of Downtown Phoenix. This premier site fronts on to 2nd Ave. and is uniquely situated in a Character Area with no density limit. The existing zoning offers a prospective developer great flexibility with a range of acceptable uses including multi family, retail, office, and hospitality. Without a doubt, this site will be the next prominent development opportunity in the area with potential for upwards of 525 feet in height.
SVN in requesting all qualified developers to submit offers on or before July 31, 2019 by 5 PM MST. Seller reserves the right to accept offers prior to this date.