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
1 Lot Available
Lot
Price | $2,100,000 |
Price Per AC | $3,818,181.82 |
Lot Size | 0.55 AC |
1 of 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 | |
Land Assessment | $23,576 | Total Assessment | $53,413 |