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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$1,950,000

Est. payment - /mo

0.54 Acres Lot

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Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

Subdivision Porter Baxter Subdivision Of Tract B Murphys Addit

MLS Listing ID 6804118

HOA Y/N No

Annual Tax Amount $7,075

Tax Year 2024

Lot Size 0.541 Acres

Acres 0.54

Lot Dimensions 235' X 104'

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Exceptional redevelopment opportunity in Downtown Phoenix, AZ. +/-23,500 SFT property, Zoned R-5, potential for higher density development under
Walkable Urban Code and in an Opportunity Zone with potential for tax incentives. - Buyer and their experts to verify. The site is primed for transformation into multi-family housing, a modern light office space, or mixed-use development. Positioned near two key light rail stops at 12th Street and Washington, and 12th Street and Jefferson and convenient access to the I-10 and SR 51 freeways, the property ensures unparalleled accessibility. Located just 3/4 mile from the vibrant Stadium/Arena district, offering an abundance of dining, entertainment, and services.

Location

State AZ

County Maricopa

Community Porter Baxter Subdivision Of Tract B Murphys Addit

Area Maricopa

Zoning R5

Direction Van Burn North on 12th St to Monroe. Washing St South on 12th St to Monroe.

Interior

Flooring Flooring

Exterior

Fence Chain Link

Topography Level

Private Pool No

Building

Lot Description Historic District

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Lowell Elementary School

Middle Schools Lowell Elementary School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 116-43-016

Acceptable Financing Cash, 1031 Exchange, Conventional

Horse Property N

Disclosures Other (See Rmks), ALTA Survey Alba

Listing Terms Cash, 1031 Exchange, Conventional

Special Listing Condition Owner/Agent

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Listed by Realty ONE Group

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>

1152 E MONROE Street #15 Phoenix, AZ 85034

John Herkenrath

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1152 E MONROE Street #15