833 2Nd AvePhoenix, AZ 85003

Property Details for 833 2Nd Ave

Year built

1982

Construction

STEEL FRAME

Lot size

0.24 AC

Zone code

DTC-E-ROO

Property type

Commercial real estate

APN

111-40-082

APU

11140082

Description

This exceptional 0.24-acre lot, located at 833 N 2nd Ave in Phoenix, Arizona (APN 111-40-082), presents a remarkable development opportunity in the heart of Downtown Phoenix. The property is situated just south of Roosevelt Street and directly adjacent to the renowned Roosevelt Row Arts District, a vibrant cultural center celebrated for its thriving art galleries, distinctive street art, diverse culinary scene, lively nightlife, and burgeoning residential growth. The lot encompasses 10,500 square feet and is zoned DTC-E-ROO under the Downtown Code – Roosevelt East. This zoning designation permits a high density of up to 43.5 dwelling units per acre (DU/AC) and allows for a maximum building height of 65 feet. This presents developers with an unparalleled chance to create a significant multifamily project in one of Phoenix's most desirable and rapidly appreciating neighborhoods. The property's strategic location, combined with its favorable zoning, makes it an exceptional investment prospect for those seeking to capitalize on the ongoing revitalization and expansion of Downtown Phoenix. The asking price for this exceptional development opportunity is $1,155,000. This is a rare chance to acquire a prime parcel in a rapidly growing area.

• Alternative Use

  Use

  Valuation

  Residential

  $2,655,554

  Hospitality

  $2,432,473

  Educational

  $2,023,789

  Medical

  $2,093,390

  Retail

  $3,148,116

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Latitude

33.4579

Longitude

-112.076

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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