1538 E Monroe St , Phoenix, AZ, 85034

1538 E Monroe St Phoenix, AZ 85034

1538 E Monroe St , Phoenix, AZ, 85034
1538 E Monroe St , Phoenix, AZ, 85034
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$215,000
Last Verified:
Jun 04, 2020

Highlights

  • Possible Assemblage
  • Gentrification Build
  • R-5 Zoning
  • +/-1.67 Miles to Downtown Phoenix
  • Office

Description

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.

Building Size: 1092.0sq ft
Lot Size: 0.15 acres

Map of 1538 E Monroe St , Phoenix, AZ, 85034

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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