Central Phoenix Multifamily / Mixed-Use Site - Zone R-5
±0.792 acre - Opportunity Zone - Transit Overlay District - Possible Seller Financing - R-5 Zoning
Marketing description
This 0.792-acre property located at 30 N 20th St in Phoenix, Arizona, presents an infill development opportunity within one of the most rapidly evolving urban corridors in the Phoenix. Strategically positioned between Downtown and Midtown Phoenix, the site lies within a designated Transit Overlay District (TOD) area, reinforcing its long-term value as a high-density residential or mixed-use development opportunity in a transit-supportive environment.
Ideally situated along the Central City growth corridor, the property offers seamless access to the city’s most significant employment, education, transit, and cultural amenities. Located in a federally designated Opportunity Zone and Qualified Census Tract, the site stands to benefit from continued public and private reinvestment driving expansion throughout the City area.
The surrounding neighborhood has experienced substantial redevelopment over the past decade, fueled by demand for higher-density housing proximate to the urban core. The property offers direct connectivity to major transportation networks, including Interstate 10, State Route 51, and the Valley Metro Light Rail system. Multiple bus routes, bike lanes, and pedestrian pathways further enhance accessibility and align with TOD principles promoting walkability and transit access.
Within minutes are major regional destinations including Downtown Phoenix—home to government offices, financial institutions, legal firms, ASU’s Downtown Campus, and premier entertainment venues such as Chase Field and Footprint Center—as well as Midtown Phoenix, known for its healthcare systems, corporate employment centers, and cultural institutions. This proximity continues to drive sustained demand for multifamily and mixed-use development.
The site’s flexible R-5 high-density zoning, TOD location, Opportunity Zone designation, and central infill positioning support a wide range of development strategies, including multifamily housing, mixed-use projects, workforce housing, or market-rate residential communities. Its transit-oriented setting enhances long-term desirability and strengthens the investment narrative for future residents and tenants.
Seller financing may be available depending on negotiated terms.
All Opportunity Zone information, TOD, utility availability, and development parameters should be independently verified by Buyer during due diligence.
Investment highlights
Prime .792-acre infill development site in the heart of Central Phoenix
Located within a federally designated Opportunity Zone offering significant tax advantages
Situated in a Qualified Census Tract, enhancing eligibility for additional federal programs and financing tools
R-5 High-Density Residential zoning allows up to ~45+ units per acre
Located within a Transit Overlay District (TOD)
Close proximity to the Phoenix Light Rail and multiple bus lines
Ideal for multi-family, mixed-use, workforce housing, or market-rate development
Minutes from Downtown and Midtown Phoenix, the region’s largest employment centers
Immediate access to Interstate 10, State Route 51, and Loop 202
Surrounded by ongoing urban revitalization and redevelopment activity
Strong rental demand driven by proximity to ASU Downtown, major hospitals, and corporate offices
Flat, usable site with excellent development efficiency
All utilities available (buyer to verify), streamlining planning and entitlement
Emerging corridor with significant public and private investment momentum
Opportunity to build high-demand housing near major sports, entertainment, and cultural venues
Highly flexible site accommodating diverse building typologies and project concepts
Seller financing may be available depending on negotiated terms
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