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    2833 3Rd St Phoenix, AZ 85012

    Sponsored
    For Sale
    $2,150,000

    Prime 0.74-acre development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.74-acre commercial land parcel, known as "The Goldwater," presents a remarkable opportunity for development in the vibrant Midtown Phoenix area. Located at 2833 N 3rd St, Phoenix, AZ 85012, this property is zoned R-5, allowing for a variety of potential uses. The site's central location offers easy access to major employers, freeways, retail establishments, and acclaimed restaurants. The existing permit-ready plans envision a 32-unit, mid-century modern garden-style apartment community, featuring a mix of studio, one-bedroom, and two-bedroom units, each designed with spacious layouts and private balconies. This presents a turnkey opportunity for an investor or developer looking to capitalize on the strong demand for housing in this thriving area of Phoenix. The asking price for this exceptional property is $2,150,000. The property's location within Maricopa County provides access to a robust infrastructure and a dynamic local economy. The site's size and zoning make it ideal for a variety of development projects, offering significant potential for future growth and return on investment. Don't miss this chance to acquire a prime piece of real estate in one of Phoenix's most sought-after neighborhoods.

    Property Features for 2833 3Rd St

    General Information

    Property type
    Land
    Lot Size
    32,234 SF

    HighLights

    • 0.74‑acre commercial land parcel in Midtown Phoenix, AZ.
    • Located at 2833 N 3rd St, Phoenix, AZ 85012, zoned R‑5.
    • Permit‑ready plans for a 32‑unit mid‑century modern apartment building (studio, 1‑bed, 2‑bed units).
    • Asking price: $2,150,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Joanna Kowalik, ... Child Psychiatrist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.06948963
    Latitude
    33.47943368

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    FAQs

    What type of property is this?
    Land - Prime 0.74-acre development site.
    Where is this land located?
    The property is located at 2833 3Rd St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: 0.74-acre commercial land parcel in Midtown Phoenix, AZ.; Located at 2833 N 3rd St, Phoenix, AZ 85012, zoned R-5.; Permit-ready plans for a 32-unit mid-century modern apartment building (studio, 1-bed, 2-bed units).
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    2833 3Rd St Phoenix, AZ 85012
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    Phoenix, AZ 85012
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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
    2833 3Rd St Phoenix, AZ 85012
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