Downtown Phoenix Development
For Sale
Contact for pricing
388 N 3rd Ave, Phoenix, AZ 85003
9,952 SF lot in the heart of Downtown Phoenix.
Property SizeContact for details
Lot Size0.23 Acres
Days on Market164
Property Features for 388 N 3rd Ave
General Information
Standard status
Active
Lot size
0.23 Acres
Property subtype
Land
Zoning
DTC-VANB
Listing Agency:
SVN | Desert Commercial Advisors
(480) 425-5536
Listed By:
Richard Lewis · License #AZ #SA674245000
Source:
Crexi
Added: Mar 13
Changed: Aug 22
Last Checked: Aug 21 at 8:41PM
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.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,567
Businesses Nearby
Explore this area
Business Placement
Demographics for 85003, AZ
11,042
Population
6,117
Households
1.8
Avg Household Size
37
Median Age
45%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
5,812
Density / Sq Mi
$56,672
Median Household Income
$55,122
Median Earnings
$1,258
Median Rent
$577,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
