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    1450 7Th Ave Phoenix, AZ 85007

    For Lease
    $6 SF/Yr

    Prime City Block, Huge Potential

    Lot size:
    104,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional redevelopment opportunity encompasses an entire city block in Phoenix's vibrant downtown core, designated as both a Redevelopment Core and Opportunity Zone. The property, located at 1450 S 7th Ave, Phoenix, AZ 85007 (APN 10501085, 10501079B), is ideally situated within walking distance of major sports venues, including professional baseball and basketball arenas. Its proximity to the I-17 Freeway and Sky Harbor International Airport (4 miles) provides unparalleled access and connectivity. This prime location falls squarely within Phoenix's downtown growth corridor, benefiting from a significant $5.03 billion in ongoing public and private investments, fueling a dynamic and attractive environment for future development. The property is zoned Pima St and classified as Retail, Land, and Special Purpose, offering flexibility for a wide range of commercial and industrial projects. The single-tenancy nature of the site presents a unique opportunity for large-scale development or redevelopment. This is a rare chance to capitalize on the explosive growth and revitalization of Downtown Phoenix. Maricopa County location ensures access to a robust infrastructure and a thriving business community.

    Property Features for 1450 7Th Ave

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    104,000 SF

    Unit(s) available at that property

    Space
    Size
    104,000 SF
    Rate per SF
    $6
    Property Profile Location Intelligence

    Current Use by Public Records

    Giovanni's Tire Shop Tire Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.08287270937
    Latitude
    33.433125974393

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    FAQs

    What type of property is this?
    Specialty property - Prime City Block, Huge Potential
    Where is this specialty property located?
    The property is located at 1450 7Th Ave Phoenix, AZ.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
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    1450 7Th Ave Phoenix, AZ 85007
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    Phoenix, AZ 85007
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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
    1450 7Th Ave Phoenix, AZ 85007
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