Land•Office•For Sale

16th Street Assemblage For Sale

1542 E. Monroe Street, Phoenix, Arizona 85034

Sale Price $250,000
Zoning C-3
Class C
Land Area .26 Acres
Land Use Automotive Dealership, Multifamily
Market Phoenix MSA
Sub-Market Downtown Phoenix
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.
  • Assemblage
  • Car Dealership
  • Gentrification Build
  • C-3 Zoning
  • +/-1.67 Miles to Downtown Phoenix
3/25/2020 8:40:57 PM 3/25/2020 10:04:22 PM
Nicholas Sayki
Associate
Insignia CRE
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