$1,600,000
Phoenix, AZ 85034
MLS# 6804118
Status: Closed
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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.
Details
Maps
Documents
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,600,000
Sold Price: $1,600,000
Status: Closed
List Date: 2025-01-13
Location, Tax & Legal
Lot #: 15
Assessor's Map #: 43
Legal Description (Abbrev): PORTER & BAXTER SUB PT LOTS 15 & 16 BLK 1 S 47' OF N 94' & S 47' OF LOTS 15 & 16
Assessor's Parcel #: 16
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 114000
Taxes: 7075.08
House Number: 1152
Compass: E
Street Name: MONROE
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85034
Zip4: 1033
County Code: Maricopa
Assessor Number: 116-43-016
Subdivision: PORTER BAXTER SUBDIVISION OF TRACT B MURPHYS ADDIT
Tax Year: 2024
General Property Description
Apx Total Acres: 0.54
Apx Total Acres G/N: G
Price Per Acre: 3611111.11
Apx SqFt: 23547
Price Per SqFt: 82.81
Apx SqFt G/N: G
Lot Size Dimensions: 235' X 104'
Flood Zone: No
Horses: N
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Lowell Elementary School
Jr. High School: Lowell Elementary School
Zoning: R5
Legal Info
Range: 3E
Section: 9
Township: 1N
Lot Number: 15
Special Listing Cond
Owner/Agent: 1
Pmt & Rate Info
Equity: 2100000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Single Family: 1
Multi-Family: 1
Potential Use
Multi-Family: 1
Office: 1
Parcel Size
.50 - .99 Acres: 1
Current Density
26 - 30 Units P/Acre: 1
31 - 35 Units P/Acre: 1
36 - 40 Units P/Acre: 1
Development Status
Raw Land: 1
Off Site Imp Complte: 1
On Site Imp Cmplete: 1
Land Features
Historic District: 1
Elevation
1,001 - 2,000 Ft: 1
Elevation Source
Other (See Remarks): 1
Vegetation
See Remarks: 1
Land Configuration
Pad Site: 1
Road Access Type
Alley: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Traffic Count
Unknown: 1
Fencing
Chain Link: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Electric
APS: 1
Topography
Level: 1
Gas
SW Gas: 1
Existing Structures
None: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
1031 Exchange: 1
Special
Accepting Back-Ups: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
On Property: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
On Property: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
ALTA Survey Alba: 1
Other (See Rmks): 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
Phase I Available: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 12th St and Monroe
Directions: Van Burn North on 12th St to Monroe.
Washing St South on 12th St to Monroe.
Geo Lat: 33.450165
Geo Lon: -112.056715
Status Change Info
Off Market Date: 2025-11-20
Under Contract Date: 2025-11-17
Close of Escrow Date: 2025-12-19
Sold Price: $1,600,000
Property Features
Special Listing Cond: Owner/Agent
Existing Land Use: Residential Lot
Zoned Presently: Single Family; Multi-Family
Potential Use: Multi-Family; Office
Parcel Size: .50 - .99 Acres
Current Density: 26 - 30 Units P/Acre; 31 - 35 Units P/Acre; 36 - 40 Units P/Acre
Development Status: Raw Land; Off Site Imp Complte; On Site Imp Cmplete
Land Features: Historic District
Elevation: 1,001 - 2,000 Ft
Elevation Source: Other (See Remarks)
Vegetation: See Remarks
Land Configuration: Pad Site
Road Access Type: Alley
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Traffic Count: Unknown
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
New Financing: Cash; Conventional; 1031 Exchange
Special: Accepting Back-Ups
Environmental: Phase I Available
Lockbox Type: None
Fencing: Chain Link
Survey 
Listing Office: Realty ONE Group
Last Updated: December - 20 - 2025
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