2833 3Rd St Phoenix, AZ 85012
- Office buildings
- 7,728 SF
- 0.74 lot acres
Current Use by Public Records
- Dr. Joanna Kowalik, MD / Child Psychiatrist
Property Details for 2833 3Rd St
- Year built
- 1969
- Construction
- STEEL FRAME
- Lot size
- 0.74 lot acres
- Property size
- 7,728 SF
- Zone code
- R-5
- Property type
- Office buildings
- APN
- 118-45-011A
- APU
- 11845011A
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,760,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,265,000
- 6.5%
- $1,155,000
- 7%
- $1,315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,305,000
- Geo Method
- $1,120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $995,000
- Retail
- $1,315,000
- Mixed-Use
- $1,150,000
- Hospitality
- $1,095,000
- Educational
- $1,335,000
- Residential Income
- $985,000
- Energy
- $1,135,000
- Income-Based Land
- $1,175,000
- Food Service
- $1,350,000
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.069
- Latitude
- 33.4793
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
