Sales includes 917 & 921 N 8th St. 8th & Roosevelt consists of a historic home and additional land fordevelopment, located in the heart of the Garfield Historic District. Theproperty sits on approximately a half-acre (gross) of land that is zonedR-5. The seller has a site plan to add (11) 1-bedroom units and (2)2-bedroom units along with amenity space between the new units andthe existing historic home. This would be a perfect small apartmentcommunity or short-term rental building in a ''Melrose Place'' type settingin downtown Phoenix. This is a fantastic, bite-sized opportunity for theseasoned investor or a local creative / artistic developer who wants to doa unique, fun project in the heart of one of the busiest, most dynamic, andeclectic areas in the entire Valley. 8th & Roosevelt is an awesome value-add / development opportunity in the heart of Downtown Phoenix. The property is located just east of 7th Street right off of Roosevelt in the heart of the gentrifying Garfield Historic District. Roosevelt and 7th Street is the east entrance to the happening Roosevelt Row district in the epicenter of Downtown Phoenix. It is minutes to the stadium district and a short bike ride / walk to the downtown ASU campus, Phoenix Burton Barr Library, and the Phoenix Art Museum. It isalso minutes to Margaret T. Hance Park, which is the location of hundreds of activities including the McDowell Mountain Music Festival and many weekend food / craft festivals throughout the year. It is approximately a half mile to the I-10 Freeway to allow quick and easy access to all parts of the valley. This location is as central is it gets and allows residents to enjoy, with ease, so much of what Downtown and Midtown have to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, 8th & Roosevelt Redevelopment Opportunity will prove to be a great place for residents to live as well as will be a very attractive parcel for a future class-Aredevelopment in an A location.Phoenix is consistently on every national list for net influx of people and jobs, and the downtown area is expected to continue to explode with huge job growth in many different sectors; with Arizona State University's downtown campus rapidly expanding (already over 11,000 students and rapidly growing); with massive amounts of biotech investment and development in the area (the new Creighton University is approximately 2 miles away in midtown; the Phoenix Biomedical HUB is a couple blocks away; the stadium district is minutes away; the warehouse district isexploding around the corner to the south; and more). Opportunities like 8th & Roosevelt are rare and offer an investor a great value-add opportunity in one of the most active and desirable areas in the country.
Sales includes 917 & 921 N 8th St. 8th & Roosevelt consists of a historic home and additional land fordevelopment, located in the heart of the Garfield Historic District. Theproperty sits on approximately a half-acre (gross) of land that is zonedR-5. The seller has a site plan to add (11) 1-bedroom units and (2)2-bedroom units along with amenity space between the new units andthe existing historic home. This would be a perfect small apartmentcommunity or short-term rental building in a ''Melrose Place'' type settingin downtown Phoenix. This is a fantastic, bite-sized opportunity for theseasoned investor or a local creative / artistic developer who wants to doa unique, fun project in the heart of one of the busiest, most dynamic, andeclectic areas in the entire Valley. 8th & Roosevelt is an awesome value-add / development opportunity in the heart of Downtown Phoenix. The property is located just east of 7th Street right off of Roosevelt in the heart of the gentrifying Garfield Historic District. Roosevelt and 7th Street is the east entrance to the happening Roosevelt Row district in the epicenter of Downtown Phoenix. It is minutes to the stadium district and a short bike ride / walk to the downtown ASU campus, Phoenix Burton Barr Library, and the Phoenix Art Museum. It isalso minutes to Margaret T. Hance Park, which is the location of hundreds of activities including the McDowell Mountain Music Festival and many weekend food / craft festivals throughout the year. It is approximately a half mile to the I-10 Freeway to allow quick and easy access to all parts of the valley. This location is as central is it gets and allows residents to enjoy, with ease, so much of what Downtown and Midtown have to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, 8th & Roosevelt Redevelopment Opportunity will prove to be a great place for residents to live as well as will be a very attractive parcel for a future class-Aredevelopment in an A location.Phoenix is consistently on every national list for net influx of people and jobs, and the downtown area is expected to continue to explode with huge job growth in many different sectors; with Arizona State University's downtown campus rapidly expanding (already over 11,000 students and rapidly growing); with massive amounts of biotech investment and development in the area (the new Creighton University is approximately 2 miles away in midtown; the Phoenix Biomedical HUB is a couple blocks away; the stadium district is minutes away; the warehouse district isexploding around the corner to the south; and more). Opportunities like 8th & Roosevelt are rare and offer an investor a great value-add opportunity in one of the most active and desirable areas in the country.
Neighborhood
Type
County
Maricopa
Area
Phoenix
Tax Amount
$1,752
Status
Active
Listing #
6741245
Lot Size
0.41
Listed on site
237 days
Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
Listing provided courtesy of ARMLS.