Downtown Phoenix Multifamily Development
For Sale
Contact for pricing
903 E Roosevelt St., Phoenix, AZ 85006
Corner lot approved for a 23-unit multifamily building.
Property SizeContact for details
Lot Size0.36 Acres
Days on Market809
Property Features for 903 E Roosevelt St.
General Information
Standard status
Active
Lot size
0.36 Acres
Property subtype
Land
Listing Agency:
CBRE - Phoenix
(602) 435-3636
Listed By:
Brian Tranetzki · License #BR581404000
Source:
Crexi
Added: Jun 5, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:49AM
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 CBRE - Phoenix
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Phoenix, just off Roosevelt Row, this .36-acre corner lot is approved for a 23-unit multifamily building. The property is situated at the corner of 9th Street and Roosevelt, approximately .7 miles from the downtown campus of Arizona State University. The approved plans include 23 modern one-bedroom, one-bath units, each featuring in-suite washer and dryers and private balconies. Residents will have access to a rooftop entertainment area equipped with sun shades, a BBQ station, and a cornhole setup. The location is within walking distance of restaurants such as Gallo Blanco, Welcome Diner, and The Rez Urban Eatery, as well as entertainment venues like the Orpheum Theater, the Herberger Theater, and Arizona Federal Theater. Civic Space Park and the Roosevelt/Central Phoenix Metro Light Rail station are also nearby. Roosevelt Square is conveniently located south of Interstate 10 and north of Interstate 17, providing access to Phoenix International Sky Harbor Airport and other areas. Downtown Phoenix has a dense employment base with approximately 11.4 million square feet of office space, including 6.1 million square feet of Class A space. The area is a hub for major league sports, live concert events, and banking and finance, with regional headquarters for several major banks located within the area.
Key Highlights
- Approved for a 23‑unit multifamily building in Downtown Phoenix.
- Located on a .36‑acre corner lot in the Roosevelt Row historic district.
- Proximity to Arizona State University's downtown campus (0.7 miles).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,845
Businesses Nearby
Explore this area
Business Placement
Demographics for 85006, AZ
23,797
Population
10,607
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
5,949
Density / Sq Mi
$60,742
Median Household Income
$39,899
Median Earnings
$1,168
Median Rent
$376,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner lot approved for a 23-unit multifamily building.
Where is this residential land & home lot located?
The property is located at 903 E Roosevelt St. Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,570,000.
What are key features of this property?
This property features: Approved for a 23‑unit multifamily building in Downtown Phoenix.; Located on a .36‑acre corner lot in the Roosevelt Row historic district.; Proximity to Arizona State University's downtown campus (0.7 miles).
