Exceptional redevelopment opportunity in Downtown Phoenix, AZ. +/-23,500 SFT property, Zoned R-5, potential for higher density development under Walkable Urban Code and in an Opportunity Zone with potential for tax incentives. - Buyer and their experts to verify. The site is primed for transformation into multi-family housing, a modern light office space, or mixed-use development. Positioned near two key light rail stops at 12th Street and Washington, and 12th Street and Jefferson and convenient access to the I-10 and SR 51 freeways, the property ensures unparalleled accessibility. Located just 3/4 mile from the vibrant Stadium/Arena district, offering an abundance of dining, entertainment, and services.
Listed by:
Realty ONE Group
Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Sep 2, 2025 | 3 mos ago | Price decreased150,000 (7%) | $1,950,000 |
| Feb 3, 2025 | 10 mos ago | New on market | $2,100,000 |