Warehouse District Opportunity Zone Development Site
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Listing was updated on: 11/06/2022
Price: 5000000.00
location icon 630 S 7th St, Phoenix, AZ 85004, USA
Land for Sale
2.12 sqft
from November 05, 2022
Description

LocationThe subject site is extremely well located in the fast-growing Warehouse District in the heart of Downtown Phoenix. Located on the northwest corner of 7th St. and Lincoln St., the property is within walking distance of Talking Stick Resort Arena, Chase Field, both the ASU and U of A Downtown campuses, and endless amounts of retail and recreational amenities. The property also allows for convenient access to both the I-10 and I-17 Freeways and is walking distance to the planned light rail expansion. In recent years, Downtown Phoenix has undergone a dramatic transformation, with a 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 and truly fostering a "Live, Play, Work" type of community. SaleSVN is pleased to announce the exclusive offering of 602 E. Grant St. in the Warehouse District within Downtown Phoenix. The subject site consists of 2.12 AC and is located at the signalized intersection on the SWC of Lincoln St. and 7th St. The site is ideally situated in the heart of the Warehouse District, a pocket trending as the next urban environment known for its historic charm. Additionally, the property is situated within the Downtown Phoenix Opportunity Zone creating beneficial tax incentives for future developers. The site's Downtown Code allows for developments with upwards of 80’ of height and no density limitations. Flexible zoning allows for a wide range of uses including multi-family, retail, office, and hospitality. The immediate area offers a number of entertainment venues and is in close proximity to Downtown Phoenix’s central business district, the Phoenix Convention Center, and the sports venues of the Phoenix Suns and Arizona Diamondbacks. As the Metro Light Rail continues its expansion through the Warehouse District, this site will be a prime opportunity for a mixed-use development.

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The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.