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Multi-Family

Midtown Land Development Opportunity

1141 W Monterosa St, Phoenix, AZ 85013

Listing Price: $420,000

Lot Size
0.48 acres
Price/Acre
$872,863
Land Type
Land

Investment Overview

The subject property is a mid-town infill 20,578 SF vacant parcel with proximity to commercial services, thoroughfares, public transportation, and community services. The appeal of the area is ongoing redevelopment projects of retail, commercial and residential uses. The area is anticipated to experience growth in the foreseeable future. This location provides the vibrancy of the Melrose District; a gentrified stretch of nearby 7th Avenue lined with specialty shops and local eateries. The property is also bordered to the north by the Woodlea District, a neighborhood characterized by ranch-style homes and Revival Period architecture of the early 20th century. This property is zoned R-5 Residential with a mix of housing types permitted: single-family, duplexes, multi-family, and townhomes.

Investment Highlights

  • Mid-town infill vacant parcel with ongoing redevelopment projects in the area
  • R-5 Residential with a mix of housing types permitted
  • 8-minute walk to Valley Metro Rail

Exclusively Listed By

Multi-Family

Midtown Land Development Opportunity

Listing Price: $420,000

Lot Size
0.48 acres
Price/Acre
$872,863
Land Type
Land

Investment Highlights

  • Mid-town infill vacant parcel with ongoing redevelopment projects in the area
  • R-5 Residential with a mix of housing types permitted
  • 8-minute walk to Valley Metro Rail

Investment Overview

The subject property is a mid-town infill 20,578 SF vacant parcel with proximity to commercial services, thoroughfares, public transportation, and community services. The appeal of the area is ongoing redevelopment projects of retail, commercial and residential uses. The area is anticipated to experience growth in the foreseeable future. This location provides the vibrancy of the Melrose District; a gentrified stretch of nearby 7th Avenue lined with specialty shops and local eateries. The property is also bordered to the north by the Woodlea District, a neighborhood characterized by ranch-style homes and Revival Period architecture of the early 20th century. This property is zoned R-5 Residential with a mix of housing types permitted: single-family, duplexes, multi-family, and townhomes.

Exclusively Listed By

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