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170 E Monterey Way
Phoenix, AZ 85012

$320,000 USD

Land For Sale  •  0.16 AC

Property Details

  • Property Type Land
  • Lot Size 0.16 AC
  • Zoning R-5
56 Transit Score
71 Walk Score

Description

This opportunity consists of a ±7,105 SF parcel (zoned R-5), situated in Midtown Phoenix between Central Ave & 3rd Street. This infill parcel is positioned perfectly for new construction for professional office or residential / multifamily uses. The surrounding area consists of similarly sized lots improved with small professional office / retail buildings, as well as much larger commercial multi-story office buildings, in-line retail centers / restaurants, and large multifamily product. The property is situated just west of 3rd St, which from Indian School to Roosevelt St is set to become a "signature street that supports a live, work, play mixed-use district." This infill parcel is an excellent opportunity for office, medical office, or multi-family developers looking to establish a presence in a rapidly redeveloping part of the Valley.

Highlights

Zoned for Dense Multifamily Development and Professional Office Use
Infill Development Opportunity located near restaurants, transportation and shopping
Existing Parking Structure on Property

Property Flyers

Public Transportation

Transit/SubwayDriveWalkDistance
Osborn/Central Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 1 min 5 min 0.3 mi
Thomas/Central Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 1 min 9 min 0.5 mi
Indian School/Central Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 3 min 17 min 0.9 mi
Encanto/Central Ave (METRO Light Rail - Valley Metro (Phoenix Light Rail)) 3 min 19 min 1.0 mi
AirportDriveWalkDistance
Phoenix Sky Harbor International 14 min - 7.6 mi
Phoenix-Mesa Gateway 47 min - 34.4 mi
Jake Vice 602-319-1326 ROI Properties, LLC
Jake Vice 602-319-1326 ROI Properties, LLC