1152 E Monroe St

0.55 Acres of Residential Land Offered at $2,100,000 in Phoenix, AZ 85034

Investment Highlights

  • Property Size: Approximately 23,500 sq. ft. Dimensions: +/-235’ X +/-104’
  • Nearby Attractions: Chase Field, Footprint Center, Phoenix Convention, CityScape, ASU & UA DT Campuses, Roosevelt Row
  • Redevelopment Options: Buyer to verify, Multi-family housing, light office, mixed-use. Potential for Re-Zone to “Walkable Urban Code”
  • Light Rail Access: Approximately 1/4 mile to the12th Street and Washington stop and the 12th Street and Jefferson stop.

Executive Summary

Exceptional redevelopment opportunity in Downtown Phoenix, AZ. +/-23,500 SQFT 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.

Property Facts

Price $2,100,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.55 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $2,100,000
Price Per AC $3,818,181.82
Lot Size 0.55 AC
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (83)

PROPERTY TAXES

  • Listing ID: 34464022

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 1152 E Monroe St, Phoenix, AZ 85034