708 N 24th St, Phoenix, AZ 85006 For Sale

Offered for sale or ground lease, this 0.91-acre high-traffic infill redevelopment site is located at the signalized southwest corner of 24th Street and McKinley Street in Phoenix, Arizona. The assemblage consists of five contiguous parcels, four zoned C-3 and one zoned R-4 providing flexibility for a variety of commercial, industrial storage, or affordable housing concepts.

The property sits directly across from Valleywise Health Hospital and within a Qualified Census Tract and Opportunity Zone, enhancing long-term investment and redevelopment appeal. The site benefits from exceptional regional connectivity with immediate access to I-10, Loop 202, SR-51, and Phoenix Sky Harbor International Airport, and is positioned within a major industrial and logistics corridor.

Surrounding traffic counts exceed 23,000 VPD on 24th Street, with regional freeway volumes surpassing 100,000+ VPD, while the trade area supports strong fundamentals including 325,000+ residents and 359,000+ employees within five miles. Existing multifamily tenants provide short-term cash flow, making this a compelling opportunity for investors and developers seeking both current income and long-term upside in a dynamic Phoenix infill location.