Downtown Phoenix Redevelopment
For Sale
$2,944,000
1427 N 3rd St., Phoenix, AZ 85004
Urban infill asset with redevelopment potential in Downtown Phoenix.
Property Size13,604 SF
Days on Market96
Property Features for 1427 N 3rd St.
General Information
Standard status
Active
Size
13,604 SF
Class
C
Property subtype
Multi Tenant Office
Building Details
Building Size
13,604 SF
Year Built
1974
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5536
Listed By:
Richard Lewis · License #AZ #SA674245000
(480) 425-5536
Source:
Thebrokerlist
Added: May 21
Changed: Aug 8
Last Checked: Aug 24 at 3:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Desert Commercial Advisors
Investment Insights
Based on property information with market context.
Located in the Townsend Park district of Downtown Phoenix, 1427 N 3rd Street is an urban infill asset adjacent to the Midtown corridor. The property's DTC-Townsend Park zoning allows for higher-density residential, mixed-use, office, and adaptive reuse concepts, subject to City of Phoenix development standards and approvals. The location provides connectivity to Interstate 10, State Route 51, and Interstate 17, with access throughout the Phoenix metro area, including Sky Harbor International Airport, Tempe, Scottsdale, and the Northwest Valley. The site also benefits from proximity to the Valley Metro Light Rail system. The surrounding area is near office, medical, educational, and governmental users, including the Phoenix Biomedical Campus, Banner – University Medical Center Phoenix, and Roosevelt Row. The location within Downtown Phoenix zoning, combined with its proximity to Midtown amenities, creates an opportunity for owner-users, investors, or redevelopment-focused buyers seeking a central urban Phoenix location. The property offers a blend of existing cash flow and long-term redevelopment potential. Flexible lease termination structures create optionality for an owner-user, investor, or developer seeking to reposition the asset while maintaining interim income. The property allows for increased urban intensity, pedestrian-oriented development, and a variety of building typologies. The asset offers a chance to capitalize on the densification and investment momentum occurring throughout the Downtown Phoenix market.
Key Highlights
- Strategic location in Downtown Phoenix, adjacent to the Midtown corridor.
- DTC‑Townsend Park zoning allows for diverse redevelopment options.
- Flexible lease termination provides operational flexibility.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,708
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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Frequently Asked Questions
What type of property is this?
Commercial land - Urban infill asset with redevelopment potential in Downtown Phoenix.
Where is this commercial land located?
The property is located at 1427 N 3rd St. Phoenix, AZ.
What is the asking price?
The asking price for this property is $2,944,000.
What are key features of this property?
This property features: Strategic location in Downtown Phoenix, adjacent to the Midtown corridor.; DTC‑Townsend Park zoning allows for diverse redevelopment options.; Flexible lease termination provides operational flexibility.
