3031 W Van Buren St, Phoenix, AZ 85009
For Lease
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This exceptional 2-acre commercial land parcel, located at 3031 W Van Buren St, Phoenix, AZ 85009 (APN 109-36-060A), presents a unique investment opportunity. Situated in a rare City of Phoenix C-3 zoning district, this property allows for a wide range of intensive commercial uses. The site is conveniently located within a Difficult Development Area (DDA), offering significant advantages for LIHTC developers, including a 30% basis boost in qualified costs. Its strategic location provides easy access to major transportation arteries, including Interstate 10 (1 mile), Interstate 17 (2 miles), and Loop 202 (3 miles), as well as Phoenix Sky Harbor International Airport (11.7 miles, approximately 20-minute drive). A Valley Metro Phoenix Transit Bus stop is directly in front of the property. The property includes a former mobile home park (approximately 2 acres) that requires separate permitting for sale or development; a retail building (11,020 sq ft) is not included in this offering. Permitted uses under the C-3 zoning include, but are not limited to, self-service storage warehouses, multifamily residential (subject to General Plan Map designation and specific requirements), and other non-single-family residential uses. Detailed zoning information is available upon request. This property offers substantial potential for developers seeking a prime location with significant development flexibility.
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Hello Communications Mobile Phone Store Electronics & Wireless Store
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Amazon Locker - Ronald Postal Service Courier Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Phoenix, AZPhoenix. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.