170 E Monterey Way
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170 E Monterey Way
0.16 Acres of Commercial Land Offered at £251,792 in Phoenix, AZ 85012
Investment Highlights
- Zoned for Dense Multifamily Development and Professional Office Use
- Existing Parking Structure on Property
- Infill Development Opportunity located near restaurants, transportation and shopping
Executive Summary
This opportunity consists of a ±7,105 SF parcel (zoned R-5), situated in Midtown Phoenix between Central Ave & 3rd Street. This infill parcel is positioned perfectly for new construction for professional office or residential / multifamily uses. The surrounding area consists of similarly sized lots improved with small professional office / retail buildings, as well as much larger commercial multi-story office buildings, in-line retail centers / restaurants, and large multifamily product. The property is situated just west of 3rd St, which from Indian School to Roosevelt St is set to become a "signature street that supports a live, work, play mixed-use district." This infill parcel is an excellent opportunity for office, medical office, or multi-family developers looking to establish a presence in a rapidly redeveloping part of the Valley.
Property Facts
| Price | £251,792 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Property Type | Land |
| Price | £251,792 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.16 AC |
1 Lot Available
Lot
| Price | £251,792 | Lot Size | 0.16 AC |
| Price Per AC | £1,543,713 |
| Price | £251,792 |
| Price Per AC | £1,543,713 |
| Lot Size | 0.16 AC |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 118-34-060A | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £19,119 |
PROPERTY TAXES
Parcel Number
118-34-060A
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£19,119
zoning
| Zoning Code | R-5 (Residential) |
| R-5 (Residential) |
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170 E Monterey Way
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