Midtown Phoenix Commercial Lot for Sale

39 E Columbus Ave Phoenix, AZ 85012

39 E Columbus Ave, Phoenix, AZ, 85012
39 E Columbus Ave, Phoenix, AZ, 85012
FOR SALE
Property Type:
Commercial Land Development
Amount:
$360,000
Last Verified:
Feb 27, 2020

Highlights

  • Prime Midtown Pheonix Lot for Sale
  • Opportunity for Assemblage and Development
  • Walking Distance to Central Ave. and Light Rail
  • Minutes to Downtown Phoenix
  • Convenient Access to I-10 and 51 Freeways
  • Award Winning Restaurants in the Immediate Area

Description

The subject property consists of a 7,000 SF lot in the heart of Midtown Phoenix. The property is zoned C-O and is situated among other vacant lots offering opportunity for assemblage and development.

The subject lot is located in the heart of Midtown Phoenix walking distance to the Light Rail and the Central Ave. corridor. Downtown Phoenix is minutes away and there is convenient access to both the I-10 and 51 Freeways. The submarket in experiencing tremendous redevelopment with a surge of new apartment complexes and award winning restaurants. Walking distance from the property is the iconic Park Central Mall which is undergoing a major redevelopment including the addition of Creighton University.

Lot Size: 0.16 acres

Map of 39 E Columbus Ave, Phoenix, AZ, 85012

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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.