331 7Th Ave, Phoenix, AZ 85003
1.3 Acres of Commercial Land Offered at $5,200,000 USD in Phoenix, AZ 85003
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,200,000
- Property Type
-
Land
Listing Contacts
Justin Horwitz
Verified Profile
- Property Info
Property Overview
The subject property is located at the NEC of 7th Ave. and VanBuren 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.
Property Details
- Property Subtype
- Commercial
Highlights
- Opportunity Zone Development/Adaptive Reuse Site in Downtown Phoenix
- 2.39 AC | ±45,250 SF of Existing Structures in Place
- Site Can Be Partitioned and Sold to Accommodate a Buyer's Needs
- Full Site Can Be Purchased for Development or Owner User
- Existing Structures Can Be Sold or Leased Separately to a User
- Flexible Zoning | DTC-VANB
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