1538 E Monroe St , Phoenix, AZ, 85034
1538 E Monroe St
Phoenix, AZ 85034
- Possible Assemblage
- Gentrification Build
- R-5 Zoning
- +/-1.67 Miles to Downtown Phoenix
This parcel is conveniently located just south of Van Buren on the west side of 16th street. Heavy traffic counts on a daily basis, with development breaking ground for multiple Multifamily projects. This property shows a lot of potential whether it be for an owner user, or redevelopment. The Auto Body shop and C-3 zoned land to the east is also available, which will be great for redevelopment and allows for an assemblage. Path of progress and opportunity zones allow for gentrification in the area, which has been taken advantage of due to the many new Multifamily developments in the area. Building consists of 1,092 SF SFR with R-5 zoning.
1538 E. Monroe Street is a +/- 6,750 SF parcel located on Monroe st, just west of 16th st near Downtown Phoenix. The Downtown Phoenix Sub-Market is strategically situated in the center of the city and is located +/-0.6 miles to Interstate 10. I-10 is the major Interstate arterial freeway that runs east/west in Phoenix and turns south towards Tucson. The site is located +/-1.75 miles to Phoenix Sky Harbor Airport.