2800 & 2702 N 44th St Phoenix, AZ
Entitled Mixed-Use Site + 360° Skyline Views | Arcadia's Most Strategic Corner | Phoenix, AZ
Marketing description
Core Phoenix Location Backed by Strong Market Fundamentals
► The site is located in the geographic center of the Phoenix Metropolitan Statistical Area, offering direct access to major employment hubs:
Downtown Phoenix (~10-minute drive)
Downtown Tempe (~15-minute drive)
Scottsdale (~15-minute drive)
Camelback Corridor (~7-minute drive)
► This centrality supports a diverse tenant base and positions the site for strong absorption across residential, commercial, and hospitality uses.
The Epicenter of Phoenix’s Most Dynamic Luxury Transformation
► The affluent Arcadia, Arcadia Lite, and Lower Arcadia areas are undergoing rapid regentrification, with older homes being replaced or remodeled into high-end residences. This trend is driving demand for complementary housing, retail, and lifestyle amenities.
Arcadia Demographics Expanding South – Elevating the Entire Site Affluent Surroundings & Regentrification Momentum
► The Arcadia, Arcadia Lite, and Lower Arcadia neighborhoods, long-regarded as Phoenix’s most desirable residential enclaves, are experiencing a strong southward demographic shift — directly toward the site on the southwest corner of North 44th Street and East Thomas Road.► This demographic momentum enhances the site’s long-term value, market positioning, and absorption potential, making it one of the most compelling infill opportunities in the Phoenix metro.
Investment highlights
Asking Price: $15,750,000 ($94 PSF)
2800 Building – Existing Structure with Redevelopment Upside
►The 2800 Building soars 11 stories above the skyline of low- and mid-rise structures of the area.► This landmark site’s prime exposure provides excellent visibility for impactful business signage, and tenants enjoy sweeping views of the expansive landscape of the Greater Phoenix area.
► The tower can be delivered entirely vacant, offering a rare opportunity for a high-end and modern office retrofit with owner-user occupancy potential, adaptive reuse of the existing structure to multifamily community, or full-scale redevelopment to a condominium and townhome project.
Asking Price: $6,750,000 ($113 PSF)
2702 Building – Shovel-Ready Development Site
►2702 N 44th Street parcel is fully-entitled for a Planned Unit Development (PUD) known as The Pinnacle Club featuring 164 luxury one- and two-bedroom apartment units built over a ground-level commercial podium. This site includes:
Approved architectural plans and renderings
Full building designs
Entitlements for immediate construction
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