This listing is under contract.

Owner/User or Redevelopment Opportunity

1215 East Missouri Avenue Phoenix, AZ 85014

Property Type:
Last Verified:
Aug 28, 2018


  • Ideal Owner/User or Redevelopment Opportunity
  • Occupy Entire Property or Portion and Lease for Income
  • Potential for Redevelopment Using Existing R-5 Zoning
  • Highly Desirable Location and Building
  • Excellent Parking at 5.4/1,000 SF
  • Easy Access to SR-51 and Surrounding Area
  • Several New Residential Developments in the Area
  • Near an Abundance of Retail and Restaurant Amenities


The subject property is an 8,700 square foot office featuring three single-story buildings, situated on 1.06 acres of land. 1215 E. Missouri has attractive landscaping and parking ratio of 5.4/1,000 SF. The property offers an owner/user additional tenant income or an investor a redevelopment opportunity using the existing R-5 zoning in the highly desirable Camelback Corridor Submarket.

This mid-century style property is located less than one mile from the SR-51, near the Biltmore Fashion Park, and less than 15 minutes from Phoenix Sky Harbor International Airport. It is situated on the southeast corner of Missouri Avenue and 12th Street.

Year Built: 1963
Building Size: 8700.0sq ft
Building Class: C
Lot Size: 1.06 acres

Map of 1215 East Missouri Avenue, Phoenix, AZ, 85014

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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.