2524 E Washington st, Phoenix, AZ 85034 For Sale

Prime Central Phoenix Location with Exceptional Transit & Freeway Access These five contiguous parcels are strategically positioned along East Washington Street and East Adams Street in the heart of Central Phoenix. The property benefits from outstanding connectivity, located just one block from the Metro Valley light rail station on Washington Street, providing seamless access throughout the metro area. Diamond in the rough, this site’s location offers outstanding regional connectivity. It lies just one block from the Valley Metro Light Rail on Washington Street, providing residents with easy access to Downtown Phoenix, Tempe, and Mesa. The property is also only minutes from I‑10 and Loop 202, and a short ride from the 44th St/Washington St Light Rail Station, which connects directly to the PHX Sky Train®, offering seamless access to all Phoenix Sky Harbor International Airport terminals and parking facilities. The area is supported by strong employment fundamentals. Sky Harbor Airport and ValleyWise Health Medical Center—both located within one mile—serve as major employment anchors generating consistent housing demand for workers across a range of income levels. The surrounding daytime population is reported to be 50–90% higher than the total residential population within three miles, signaling a significant imbalance between where people work and where they live. This gap highlights a clear opportunity and ongoing need for attainable and workforce housing in the immediate area. With its transit‑rich location, flexible walkable‑urban zoning, major employment proximity, and strong demonstrated need for residential density, this site is exceptionally positioned for a multifamily or mixed‑use development that supports Central Phoenix’s continued growth and housing demand.