![Building Photo](https://images.loopnet.ca/i2/GfHwQephYSOjbzuaha5WTNfqXsztwmWbio5Jmuk4Rss/112/image.png)
170 E Monterey Way
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170 E Monterey Way
0.16 Acres of Commercial Land Offered at $455,437 CAD in Phoenix, AZ 85012
![170 E Monterey Way, Phoenix, AZ for sale - Building Photo - Image 1 of 4](https://images.loopnet.ca/i2/GfHwQephYSOjbzuaha5WTNfqXsztwmWbio5Jmuk4Rss/110/170-E-Monterey-Way-Phoenix-AZ-Building-Photo-1-Large.png)
![170 E Monterey Way, Phoenix, AZ for sale - Building Photo - Image 2 of 4](https://images.loopnet.ca/i2/yzHg8sOaFHEk9RsbGde4qCQc3FwPKncVCd_jnDTO9VQ/110/170-E-Monterey-Way-Phoenix-AZ-Building-Photo-2-Large.png)
![170 E Monterey Way, Phoenix, AZ for sale - Building Photo - Image 3 of 4](https://images.loopnet.ca/i2/FWxwhBrMOqEvn45qEPBTWgaZVcuq1sn3uASqzus_gY8/110/170-E-Monterey-Way-Phoenix-AZ-Building-Photo-3-Large.jpg)
Investment Highlights
- Zoned for Dense Multifamily Development and Professional Office Use
- Existing Parking Structure on Property
- Infill Development Opportunity located near restaurants, transportation and shopping
Executive Summary
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.
Property Facts
Price | $455,437 CAD | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | Mixed Use |
No. Lots | 1 | Total Lot Size | 0.16 AC |
Property Type | Land |
Price | $455,437 CAD |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Mixed Use |
Total Lot Size | 0.16 AC |
1 Lot Available
Lot
Price | $455,437 CAD | Lot Size | 0.16 AC |
Price Per AC | $2,792,241 CAD |
Price | $455,437 CAD |
Price Per AC | $2,792,241 CAD |
Lot Size | 0.16 AC |
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Walk Score ®
Very Walkable (71)
PROPERTY TAXES
Parcel Number | 118-34-060A | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $34,515 CAD |
PROPERTY TAXES
Parcel Number
118-34-060A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$34,515 CAD
zoning
Zoning Code | R-5 (Residential) |
R-5 (Residential) |
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![ROI Properties, LLC](https://images.loopnet.ca/i2/kPwIKVa_cd79I9s1QYcBo33-sEKv7RBBuqG_PRVUO8E/105/image.jpg)
170 E Monterey Way
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