Listing Agency: Newmark | Phoenix r***@nmrk.com Show Phone

Listed By: Mike Woodrick

Source: Moodyscre

Added: May 25 Changed: Aug 8 Last Checked: Jul 15 at 11:10PM

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Investment Insights

Based on property information with market context.

This property presents a shovel-ready development opportunity for a 23-unit project, or a 25-unit development with views of the city skyline. Its location offers proximity to Roosevelt Row and downtown Phoenix, as well as the Biomedical Campus and Arizona State University's downtown campus. The property is also near Park Central Mall. The unit mix and location are suitable for short-term rentals.

Key Highlights

• 25‑unit development with magnificent city skyline view
• Shovel‑ready 23‑unit development
• Unique location and unit mix = ideal short team rental cash flow

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Auto Parts Store Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Grocery & Convenience Store Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,397

Businesses Nearby

Explore this area Business Placement

Demographics for 85004, AZ

8,833

Population

6,455

Households

1.4

Avg Household Size

32

Median Age

59%

College-Educated

90%

High-School Grad

2.1 sq mi

ZIP Area

4,206

Density / Sq Mi

$71,250

Median Household Income

$46,376

Median Earnings

$1,759

Median Rent

$365,500

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Shovel-ready development site near Roosevelt Row and ASU.

Where is this residential land & home lot located?

The property is located at 1414 N 5th St Phoenix, AZ.

What are key features of this property?

This property features: 25‑unit development with magnificent city skyline view; Shovel‑ready 23‑unit development; Unique location and unit mix = ideal short team rental cash flow