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371 4th
Phoenix, AZ 85003

4th Avenue · Land For Sale · 0.40 AC

INVESTMENT HIGHLIGHTS

  • Dynamic Roosevelt Row Location Zoned High Density Allowing for Numerous Development Options
  • Extremely Strong Fundamentals (Submarket Rents Averaged $1,562 and Increased 22.99% Year-Over-Year)
  • Within Highly Walkable Roosevelt Row Community Featuring Dining, Cultural, and Art Venues
  • Offered Vacant Which Allows for Immediate Renovation and Value-Add Upside
  • Proximity to Arizona State University – Downtown with Enrollment Exceeding ±11,000
  • Nearby Downtown Phoenix & Central Avenue Employment Corridors with ±90,000+ Professionals and 2,000+ Businesses

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Total Lot Size 0.40 AC

DESCRIPTION

CBRE is pleased to present 4th Ave, a 14-unit mid-century garden-style multifamily community located in Downtown Phoenix. Built in 1951, the community is made of block construction and is individually metered for electricity. 4th Ave provides a prospective investor the rare opportunity to acquire a value-add asset/redevelopment offering located within an opportunity zone. 4th Ave is located in a premier core Phoenix neighborhood, adjacent to the historic Roosevelt Row Arts District and surrounded by the region’s strongest demand drivers. The community provides walkable proximity to Arizona State University – Downtown, expanding employment centers, and diverse nightlife destinations. The gentrification and vast offerings of amenities in Downtown Phoenix provides best-in-class accommodations for future residents.

ZONING

Zoning Code DTC-VANB
  • Listing ID: 27706426

  • Date on Market: 2/8/2023

  • Last Updated:

  • Address: 371 4th, Phoenix, AZ 85003