Downtown Phoenix Development
388 N 3rd Ave, Phoenix, AZ 85003
9,952 SF lot in the heart of Downtown Phoenix.
Type:Land
Lot size:
0.23 Acres- Added:
- Mar 13, 2026
- Days on Market:
- 62
- Last Refresh:
- Mar 19 at 11:10 pm
Property Features for 388 N 3rd Ave
General Information
- Standard status
- Active
- Lot size
- 0.23 Acres
- Property subtype
- Land
Listing agent Richard Lewis License #AZ #SA674245000
Listing office SVN | Desert Commercial Advisors
Listing date Mar 13, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of SVN | Desert Commercial Advisors
HighLights
- Located in the heart of Downtown Phoenix, a highly sought‑after redevelopment submarket.
- Opportunity Zone location offering significant tax benefits.
- Flexible DTC‑VANB zoning allows for a wide range of commercial developments.
- Assemblage opportunity with adjacent lot for nearly 1/2 acre development.
- Excellent walkability to dining, entertainment, and cultural amenities.
- Proximity to Arizona State University's downtown campus and other educational institutions.
Overview
This 9,952 SF lot is located in the heart of Downtown Phoenix, just south of the southwest corner of 3rd Ave and Fillmore. The property is positioned for assemblage or development. The adjacent lot to the north is also being marketed, creating an opportunity for a developer to acquire just under a 1/2 acre. The property is zoned DTC-VANB, a flexible and developer friendly zoning enacted by the City of Phoenix to entitle a wide range of commercial developments. Furthermore, the property is situated within an Opportunity Zone allowing for tax benefits. The property sits amid a mix of historic charm and modern amenities. A wide array of dining, entertainment, and cultural options are steps away. The neighborhood is energized by ongoing development, including Class A office space and urban housing, drawing a steady stream of professionals, residents, and visitors. The area is home to several educational campuses including Arizona State University's downtown campus, enriching daytime foot traffic, providing a steady workforce pipeline, and enhancing the district’s dynamic, knowledge-driven identity. With easy access to the I-10 Freeway, this property benefits from Phoenix’s expanding economic landscape and resilient demand.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.0781104
- Latitude
- 33.454391
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 9,952 SF lot in the heart of Downtown Phoenix.
Where is this commercial land located?
The property is located at 388 N 3rd Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Located in the heart of Downtown Phoenix, a highly sought‑after redevelopment submarket.; Opportunity Zone location offering significant tax benefits.; Flexible DTC‑VANB zoning allows for a wide range of commercial developments.
