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    OFF-MARKET
    Commercial real estate

    709 3Rd St, Phoenix, AZ 85004

    Property ID
    US07-1382554
    Property summary
    AI-generated overview

    This exceptional 14,528 square foot land parcel in Phoenix's Warehouse District presents a unique mixed-use development opportunity. Comprising two adjacent lots (709 & 711 S 3rd St), the property boasts DTC-Warehouse zoning, allowing for diverse uses including multifamily (up to 26 units with sustainable development credits), commercial (with no parking requirements), and hospitality. The location is highly desirable, within walking distance of the Footprint Center, Chase Field, the Convention Center, and the city's core business and government districts. Recent significant investments in the surrounding area, including a new Suns/Mercury headquarters, underscore the neighborhood's rapid growth and potential for appreciation. The property offers easy access to public transportation, including proximity to light rail and bus stations, and is conveniently located near Phoenix Sky Harbor International Airport. This is an ideal investment for developers, business owner-users, or opportunistic land investors seeking a prime location in a thriving urban environment. The existing 1,600 sq ft duplex on one lot provides additional potential. The property's location in a Qualified Opportunity Zone offers further investment advantages. APN: 112-32-057, 112-32-074.

    Property profile
    Verified
    Property type Commercial real estate
    APN 112-32-057, 112-32-074
    UPID US07-1382554
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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