2501 Van Buren St Phoenix, AZ 85008-6036
Property profile & analytics
2501 Van Buren St, Phoenix, AZ 85008-6036
- Motels
- 23,604 SF
- 0.87 lot acres
Property ID
US07-2635680
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Lydia's La Canasta Mexican food / Restaurant
- Sun City Cars / Car Dealership
- Airport Inn Downtown / Hotel & Motel
Property Details for 2501 Van Buren St
- Year built
- 1950
- Construction
- CONCRETE
- Lot size
- 0.87 lot acres
- Zone code
- C-3
- Property type
- Motels
- APN
- 121-63-076A
- APU
- 12163076A
Description
This exceptional redevelopment opportunity presents 102 units across three buildings totaling 35,694 square feet on three parcels (APN: 121-63-013, 121-63-014, 121-63-076, 121-63-076A) in Phoenix, Arizona. Located at 2501 E Van Buren St, 85008, this property boasts a prime location just east of Downtown Phoenix and less than half a mile from Phoenix Sky Harbor International Airport. Its proximity to a light rail station and major freeways (I-10 and Loop 202) ensures excellent accessibility. The existing structures, two older motel buildings, are slated for complete redevelopment with approved plans for 102 units featuring full kitchens, A/C, heating, and patio/balcony space. Community amenities will include a laundry facility, clubhouse, fitness area, and a large courtyard. Extensive due diligence has already been completed, including construction drawings, street abandonment documentation, and environmental studies, which will be provided to serious buyers. A local contractor, intimately familiar with the project, is interested in continuing as general contractor. This is a turnkey redevelopment project with a planned unit mix designed to meet market demand in a location with strong rental potential, given its proximity to Arizona State University, the Phoenix Bioscience Core, and major employment centers. The asking price is $4,995,000 ($139.94/sq ft, $48,970.59/unit). The property is zoned WU and/or C3. The buildings are two stories, built in 1950.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,576,000
- AI Estimate
- $5,331,000
Market price range: $5.05M - $21.1MMarket price range: $4.99M - $20.3M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.028
- Latitude
- 33.4508
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$0.00
$0.00
$430,998
-
$557,800
$2,054,312
$2,612,112
