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    1152 E Monroe St, Unit 15 Phoenix, AZ 85034

    Pending
    For Sale
    $1,950,000

    LAND - Phoenix, AZ

    Lot size:
    0.54 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 8 at 3:06 am

    Property Features for 1152 E Monroe St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R5
    APN
    116-43-016
    Fencing
    Chain Link
    Lot size
    0.54 Acres

    Utilities

    Sewer type
    Public Sewer

    Realty ONE Group (888) 461-0101 [email protected]

    Listing agent Brian Dellis (602) 550-5203

    Listing date Nov 20, 2025

    MLS# 6804118 Listing URL

    Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phoenix Land Redevelopment Opportunity

    This +/-23,500 square foot property in Downtown Phoenix, Arizona, presents an exceptional redevelopment opportunity. Zoned R-5, the site offers potential for higher density development under the Walkable Urban Code and is located in an Opportunity Zone, which may provide tax incentives. Buyers should verify this information with their experts. The location is suitable for multi-family housing, modern light office space, or a mixed-use development. The property is positioned near two light rail stops at 12th Street and Washington, and 12th Street and Jefferson, with convenient access to the I-10 and SR 51 freeways, ensuring accessibility. Situated approximately 3/4 mile from the Stadium/Arena district, the location provides access to dining, entertainment, and services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Open Door Church Church

    Suggested Use

    Realty agency Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Clothing Store Daycare Center Law Firm Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.056715
    Latitude
    33.450165

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    FAQs

    What type of property is this?
    Commercial land - Redevelopment opportunity in Downtown Phoenix near light rail.
    Where is this commercial land located?
    The property is located at 1152 E Monroe St, Unit 15 Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Exceptional redevelopment opportunity in Downtown Phoenix.; - Zoned R-5 with potential for higher density development under Walkable Urban Code.; - Located in an Opportunity Zone with potential tax incentives.
    (602) 550-5203
    Request Owner's contact information
    1152 E Monroe St, Unit 15 Phoenix, AZ 85034
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    Phoenix, AZ 85034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1152 E Monroe St, Unit 15 Phoenix, AZ 85034
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