388 N. 3rd Ave, Phoenix, AZ 85003 For Sale

SVN is proud to present to the market for sale this 9,952 SF lot for sale in the heart of Downtown Phoenix. Located just south of the southwest corner of 3rd Ave. and Fillmore, the property is ideally positioned for assemblage or development. The Seller is additionally marketing the adjacent lot to the north creating an opportunity for a developer to acquire just under a 1/2 acre in of the most sough out redevelopment submarkets in all of Phoenix. The property is zoned DTC-VANB, a flexible and developer friendly zoning enacted by the City of Phoenix to entitle a wide range of commercial developments. Furthermore, the property is situated within an Opportunity Zone allowing for tremendous tax benefits.

Nestled in the heart of downtown Phoenix, this property sits amid a vibrant mix of historic charm and modern amenities. Walkability is a standout feature, with a wide array of dining, entertainment, and cultural options just steps away. The neighborhood is energized by ongoing development, including Class A office space and urban housing, drawing a steady stream of professionals, residents, and visitors. Notably, the area is home to several educational campuses including Arizona State University's downtown campus among others, enriching daytime foot traffic, providing a steady workforce pipeline, and enhancing the district’s dynamic, knowledge-driven identity. Strategically positioned with easy access to the I-10 Freeway, this property benefits from Phoenix’s expanding economic landscape and resilient demand.