Downtown Freestanding Property for Sale

717 N 7th St Phoenix, AZ 85004

717 N 7th St , Phoenix, AZ, 85004
717 N 7th St , Phoenix, AZ, 85004
FOR SALE
Property Type:
Street Retail
Amount:
$525,000
Last Verified:
Jan 29, 2019

Highlights

  • Ideal Owner/User Retail Opportunity
  • Rare Downtown Phoenix Freestanding Building
  • Direct Access to I-10 Freeway and Light Rail
  • 7th St. Traffic Volume - 57,000 Cars Per Day

Description

The subject property consists of a .25 acres located along 7th St. just south of the I-10 Freeway in the heart of Downtown Phoenix. There is an existing structure in place allowing the opportunity for a perfect redevelopment/repurposing opportunity along a growing corridor in Downtown.

The subject office property is located at the entrance of Downtown Phoenix, one of the fastest growing job markets and economies in the United States. The property is more specifically located on 7th St. just south of Roosevelt St. In addition to having direct access to the I-10,Loop Freeway and being within walking distance of major sporting venues such as Chase Field and Talking Stick Arena, the building lies in the center of a Downtown that is experiencing significant and positive change. This location is surrounded by impressive urban amenities including living, shopping, arts and entertainment. Beyond large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and both the ASU Downtown Campus and the U of A Phoenix Biomedical Campus, there is also a real grassroots effort by the city to create a true "downtown" community.

Building Size: 1040.0sq ft
Lot Size: 0.25 acres

Map of 717 N 7th St , Phoenix, AZ, 85004

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.