601 2Nd AvePhoenix, AZ 85003

Property Details for 601 2Nd Ave

Year built

1920

Lot size

0.16 AC

Property size (Sq ft)

3,668 SF

Zone code

C-DT

Property type

Land

Property subtype

Commercial land

APN

111-40-012

APU

11140012

Description

This exceptional 0.16-acre commercial land parcel presents a unique investment opportunity in Phoenix's vibrant Central Corridor. Located at 601 N 2nd Ave, this single-tenant site boasts a highly desirable location, zoned [DTC-E-ROO] Downtown Code - Roosevelt East within Maricopa County. Its strategic corner location offers maximum visibility and accessibility. The property is situated adjacent to numerous recently constructed multi-family residential buildings, ensuring a strong and growing surrounding population. Furthermore, its proximity to the Arizona State University Downtown Phoenix campus creates a high-density student population, providing a substantial potential customer base for various commercial ventures. A Circle K gas station is also immediately adjacent, adding to the area's established commercial activity. The convenience of the light rail system, less than 200 feet away, provides excellent public transportation access. This vacant lot offers developers and investors a rare chance to capitalize on the significant growth and development occurring in this dynamic area of Phoenix, Arizona, zip code 85003. The property's size and location make it ideal for a variety of commercial uses, subject to zoning approvals. This is a truly exceptional opportunity to secure a prime piece of real estate in a rapidly expanding urban center.

• Alternative Use

  Use

  Valuation

  Residential

  $927,674

  Hospitality

  $849,744

  Educational

  $706,977

  Medical

  $731,291

  Retail

  $1,099,742

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4549

Longitude

-112.076

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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