833 2Nd Ave Phoenix, AZ 85003
- Commercial real estate
- 0.24 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 833 2Nd Ave
- Year built
- 1982
- Construction
- STEEL FRAME
- Lot size
- 0.24 lot acres
- Zone code
- DTC-E-ROO
- Property type
- Commercial real estate
- APN
- 111-40-082
- APU
- 11140082
Description
This exceptional 0.24-acre lot, located at 833 N 2nd Ave in Phoenix, Arizona (APN 111-40-082), presents a remarkable development opportunity in the heart of Downtown Phoenix. The property is situated just south of Roosevelt Street and directly adjacent to the renowned Roosevelt Row Arts District, a vibrant cultural center celebrated for its thriving art galleries, distinctive street art, diverse culinary scene, lively nightlife, and burgeoning residential growth. The lot encompasses 10,500 square feet and is zoned DTC-E-ROO under the Downtown Code – Roosevelt East. This zoning designation permits a high density of up to 43.5 dwelling units per acre (DU/AC) and allows for a maximum building height of 65 feet. This presents developers with an unparalleled chance to create a significant multifamily project in one of Phoenix's most desirable and rapidly appreciating neighborhoods. The property's strategic location, combined with its favorable zoning, makes it an exceptional investment prospect for those seeking to capitalize on the ongoing revitalization and expansion of Downtown Phoenix. The asking price for this exceptional development opportunity is $1,155,000. This is a rare chance to acquire a prime parcel in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.076
- Latitude
- 33.4579
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
