813 11Th AvePhoenix, AZ 85007

Property Details for 813 11Th Ave

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional opportunity presents a fully entitled, shovel-ready development site in Phoenix's vibrant Roosevelt Row Arts District. The 0.72-acre parcel, encompassing 31,250 square feet, is approved for a 39-unit multifamily building, featuring a mix of 9 studios, 18 one-bedroom, and 12 two-bedroom/two-bathroom units. The proposed building boasts a modern design with amenities including a rooftop deck with a hot tub, community coworking space, and fitness center. Each unit will include modern plank flooring, shaker cabinets, quartz countertops, stainless-steel appliances, and in-unit laundry. The first floor will provide parking. Located in the heart of Roosevelt Row, this property benefits from its proximity to numerous art galleries, restaurants, and entertainment venues, making it an ideal location for renters. The asking price is $1,950,000, representing a price per unit of $50,000 and a price per square foot of $62.40. City of Phoenix permits are in place, making this a truly shovel-ready project. The building will be a four-story wood-frame structure over a podium. Water, sewer, and trash services are owner-paid

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4578

Longitude

-112.087

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