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813 N 11th Ave - 11th and Row

0.94 Acres of Residential Land Offered at $1,950,000 in Phoenix, AZ 85007

Investment Highlights

  • Fully Entitled, Permitted Shovel-Ready 39-Unit Multifamily Development Opportunity
  • Trendy Roosevelt Row Arts District Location
  • City of Phoenix Approved Floor Plans, Site Plans and Building Renderings Included with the Sale

Executive Summary

11th and Row represents the rare opportunity to purchase a fully entitled, shovel ready development platted for 39 units in the trendy Roosevelt Row neighborhood of Downtown Phoenix. The well-balanced unit mix is comprised of 9 Studios, 18 One-Bedroom and 12 Two-Bedroom/2 Bath units offering housing solutions to a wide-ranging demographic from graduate students to young growing families. The proposed units offer residents modern features and amenities including modern plank flooring, shaker cabinets, quartz countertops, subway tile backsplash, full size stainless-steel appliances, in-unit washer/dryer, modern lighting and fixtures and a 2nd floor roof deck with community hot tub providing magnificent city views, a community coworking space and fitness center.
11th and Row is located in one of the hottest rental neighborhoods in Metro Phoenix, the trendy Roosevelt Row Arts District. Roosevelt Row Arts District is home to award- winning art galleries, renowned artists, hip restaurants, and a vibrant urban culture. Roosevelt Row is one of the most Instagrammed art spaces in the US. The districts monthly First Friday’s event is one of the nation’s largest, self-guided art walks and has been highlighted by USA Today as “The Top 10 Arts Districts in the US.” The property is surrounded by crafty cocktail lounges and trendy restaurants such as Taco Chelo, Tap That Downtown, Greenwood Brewing, Bliss ReBAR, Cambria Hotel’s Breakfast Bitch, Golden Margarita, Arizona Wilderness DTPHX, Carly’s Bistro, Black Bird Bike, The Theodore Beer + Wine Bar, The Nash Jazz Club, The Churchill Phoenix, FOUND:RE Phoenix’s the Match Market & Bar, Snooze, Pita Jungle, Cibo, and The Vig Fillmore.

Property Facts

Price $1,950,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.94 AC

1 Lot Available

Lot

Price $1,950,000
Price Per AC $2,074,468
Lot Size 0.94 AC

Zoning: R-5, Gross Lot Area: 40,903 SF = .94 Acres, Net Lot Area: 31,250 SF = .72 Acres, Allowed Density = 40 Units

Walk Score ®
Very Walkable (83)
Bike Score ®
Biker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
111-29-061A
Land Assessment
$67,860
Improvements Assessment
$0
Total Assessment
$67,860

zoning

Zoning Code R5 (R-5, Allowed Stories: 6, Allowed Density: 40 Units)
R5 (R-5, Allowed Stories: 6, Allowed Density: 40 Units)
  • Listing ID: 30959658

  • Date on Market: 2/14/2024

  • Last Updated:

  • Address: 813 N 11th Ave, Phoenix, AZ 85007

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