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    601 2Nd Ave Phoenix, AZ 85003

    For Lease
    Contact for pricing

    Downtown Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.16-acre commercial land parcel presents a unique investment opportunity in Phoenix's vibrant Central Corridor. Located at 601 N 2nd Ave, this single-tenant site boasts a highly desirable location, zoned [DTC-E-ROO] Downtown Code - Roosevelt East within Maricopa County. Its strategic corner location offers maximum visibility and accessibility. The property is situated adjacent to numerous recently constructed multi-family residential buildings, ensuring a strong and growing surrounding population. Furthermore, its proximity to the Arizona State University Downtown Phoenix campus creates a high-density student population, providing a substantial potential customer base for various commercial ventures. A Circle K gas station is also immediately adjacent, adding to the area's established commercial activity. The convenience of the light rail system, less than 200 feet away, provides excellent public transportation access. This vacant lot offers developers and investors a rare chance to capitalize on the significant growth and development occurring in this dynamic area of Phoenix, Arizona, zip code 85003. The property's size and location make it ideal for a variety of commercial uses, subject to zoning approvals. This is a truly exceptional opportunity to secure a prime piece of real estate in a rapidly expanding urban center.

    Property Features for 601 2Nd Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available space
    Size
    0 SF

    HighLights

    • Hard corner lot in Phoenix's Central Corridor.
    • Vacant 0.16‑acre lot at 601 N 2nd Ave, Phoenix, AZ 85003.
    • Previously used for contractor staging; zoned DTC‑E‑ROO (Downtown Code - Roosevelt East).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store Pharmacy 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
    -112.0760227
    Latitude
    33.4548753

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    FAQs

    What type of property is this?
    Land - Downtown Development Opportunity
    Where is this land located?
    The property is located at 601 2Nd Ave Phoenix, AZ.
    What are key features of this property?
    This property features: Hard corner lot in Phoenix's Central Corridor.; Vacant 0.16-acre lot at 601 N 2nd Ave, Phoenix, AZ 85003.; Previously used for contractor staging; zoned DTC-E-ROO (Downtown Code - Roosevelt East).
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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
    601 2Nd Ave Phoenix, AZ 85003
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