1542 E. Monroe Street

1542 E. Monroe Street Phoenix, AZ 85034

1542 E. Monroe Street, Phoenix, AZ, 85034
1542 E. Monroe Street, Phoenix, AZ, 85034
FOR SALE
Property Type:
Other Land
Amount:
$250,000
Last Verified:
May 28, 2020

Highlights

  • Assemblage Opportunity
  • Car Dealership
  • Gentrification Build
  • C-3 Zoning
  • +/-1.67 Miles to Downtown Phoenix
  • Multifamily Development
  • Strong Traffic Counts
  • Close Proximity to Sky Harbor International Airport
  • Paved Lot with Utilities on Site
  • Seller to Carry for Qualified Buyer

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 a sought after zoning of C-3. This property shows a lot of potential whether it be for an owner user, or redevelopment. The adjacent Auto Body shop and SFR to the west 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. Property is paved and has access to utilities.

1542 E. Monroe Street is a +/- 11,536 SF parcel located at the intersection of 16th Street and Monroe Street 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 and exhibits over +/-220 linear feet of dual frontage along 16th Street and Monroe Street.

Building Size: 0.0sq ft
Building Class: C
Lot Size: 0.26 acres

Map of 1542 E. Monroe Street, 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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