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333 N 7th Ave
2.39 Acres of Commercial Land Offered at $9,200,000 in Phoenix, AZ 85003
INVESTMENT HIGHLIGHTS
- Opportunity Zone Development/Adaptive Reuse Site in Downtown Phoenix
- Flexible Zoning | DTC-VANB
- Maximum Density of 218 du/AC
- 2.39 AC | ±45,250 SF of Existing Structures in Place
- Potential for 600' Height
EXECUTIVE SUMMARY
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
Potential for 600' Height
Maximum Density of 218 du/AC
PROPERTY FACTS Under Contract
| Price | $9,200,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 2.39 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $9,200,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 2.39 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot
| Price | $9,200,000 | Lot Size | 2.39 AC |
| Price Per AC | $3,849,372.38 |
| Price | $9,200,000 |
| Price Per AC | $3,849,372.38 |
| Lot Size | 2.39 AC |
Site Can be Partitioned & 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
DESCRIPTION
SVN is pleased to announce the exclusive offering of 333 N. 7th Ave. in Downtown Phoenix. The subject site consists of 2.39 AC along with multiple structures totaling ±45,250 SF of office/warehouse space previously occupied by Milum Textile Services. Located just north of the northeast corner of 7th Ave. and Van Buren St., the property offers a prime development or adaptive reuse opportunity. The property is situated within the Downtown Phoenix Opportunity Zone and its location within the Downtown Code allows for upwards of 600’ of height and a maximum density of 218 dwelling units per acre. The flexible zoning allows for a wide range of uses including multifamily, retail, office, and hospitality. The site can be partitioned and sold separately as best to accommodate a buyer's needs. Furthermore, the existing structures can be made available for sale or lease. Retail amenities in the immediate area include The Van Buren, Crescent Ballroom, State 48 Brewery, and countless other award-winning restaurants. In close proximity is Downtown Phoenix’s central business district, the Phoenix Convention Center, and the sports venues of the Phoenix Suns and Arizona Diamondbacks.
ZONING
| Zoning Code | DTC-VAN (Downtown Commercial) |
| DTC-VAN (Downtown Commercial) |
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333 N 7th Ave
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