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Property profile & analytics
OFF-MARKET Estimated value $2,065,000
Office buildings

2833 3rd St Phoenix, AZ 85004-1003

7,728 SF 0.74 ac lot Built 1969
Entity Owned 3-yr Hold Free & Clear
Property ID
US07-0372599
Property summary
AI-generated overview

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 profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Construction STEEL FRAME
Total area 7,728 SF
Lot 0.74 ac (32,240 SF)
Zoning code R-5
APN 118-45-011A
UPID US07-0372599
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Joanna Kowalik, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.17M
Comparable Approach Comparable
$2.17M
Blend (final) Blend
$2.07M
Owner & transaction history
2833 North 3rd St LLC · 3 yrs held
2833 North 3rd St LLC
since 2023
Last sale
$1.3M
5 recorded transactions
2023
Price N/A
2022
$1.3M
2013
$435,000
1999
$675,000
1997
$400,000
Zoning & alternative use
R-5 · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $3.3M +39.8%
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