Vacant Corner Lot, Downtown Phoenix

601 N 2nd Ave Phoenix, AZ 85003

FOR SALE
Property Type:
Other Land
Amount:
$675,000
Last Verified:
Oct 28, 2022

Highlights

  • Corner Lot, 0.16 acres, 7,000 sf
  • Zoning: [DTC-E-ROO] Downtown Code - Roosevelt East
  • Adjacent to Circle K
  • Near Arizona State Downtown Campus
  • Adjacent to new MultiFamily Developments
  • Light Rail line less than 200 ft distance

Description

Vacant corner lot, next to new MultiFamily developments

Phoenix location characteristics
Subject Property Location
The subject property is located at 601 N 2nd Avenue in the City of Phoenix, Maricopa County, Arizona. The subject property is in the City Center and is a very good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is very good and in redevelopment in terms of retail, commercial and residential use. The subject benefits from busy commuter and local traffic along Central Avenue. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail. Cities along the light rail are now allowing new ‘Walkable Urban’ zoning, which generally allows up to 5 stories in new construction along the light rail corridor.

Metro Phoenix Location
The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. Phoenix is the 6th largest city in the United States and is the financial, commercial cultural, entertainment and government center of Arizona. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.

Lot Size: 0.16 acres

Map of 601 N 2nd Ave, Phoenix, AZ, 85003

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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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