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    2013 7Th St Phoenix, AZ 85006

    Sponsored
    For Sale
    $8,200,000

    Prime Redevelopment Opportunity, Central Phoenix

    Property size:
    51,348 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of six properties totaling 51,348 square feet of land in the heart of Phoenix, Arizona. Located at 2013, 2017, 2021, 2025, 2029 & 2033 N 7th St, in the desirable 85006 zip code, this site boasts a prime location within Maricopa County. The property benefits from significant traffic flow and high visibility, situated along the light rail with two stations within easy walking distance. Its proximity to Arizona State University's Downtown Phoenix campus and numerous amenities further enhances its appeal. Convenient access to I-10 and Downtown Phoenix provides excellent connectivity. This redevelopment site presents a unique chance to capitalize on its potential. The property is designated as an Opportunity Zone, offering potential tax advantages. Possible zoning classifications include C-1 and C-2, allowing for a wide range of development options. The asking price for this entire portfolio is $8,200,000, translating to $159.69 per square foot. This represents a compelling investment opportunity for developers seeking a high-impact project in a thriving urban environment. The property's strategic location and redevelopment potential make it an attractive proposition for those seeking significant returns.

    Property Features for 2013 7Th St

    General Information

    Property type
    Land
    Square Feet
    51,348 SF

    HighLights

    • Excellent land redevelopment opportunity.
    • Located in an Opportunity Zone.
    • Potential C‑1 and C‑2 zoning allows for diverse commercial uses.
    • High‑traffic location with excellent visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Law Firm Clothing Store 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
    -112.064769
    Latitude
    33.470474

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    FAQs

    What type of property is this?
    Land - Prime Redevelopment Opportunity, Central Phoenix
    Where is this land located?
    The property is located at 2013 7Th St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $8,200,000.
    What are key features of this property?
    This property features: Excellent land redevelopment opportunity.; Located in an Opportunity Zone.; Potential C-1 and C-2 zoning allows for diverse commercial uses.
    (602) 953-9737
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    2013 7Th St Phoenix, AZ 85006
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    Phoenix, AZ 85006
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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
    2013 7Th St Phoenix, AZ 85006
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