Downtown PHX Development Opp- 122 & 126 N. 9th Avenue
Mixed Use/Multifamily rezoning potential
Marketing description
Located in Downtown Phoenix, this property—combined with the adjacent parcel—offers significant development potential under current commercial/multi-family zoning. Potential development scenarios include: (A) a six-story residential building with up to 18 units (~2,200 SF each), (B) a six-story mixed-use building with residential and commercial components, or (C) a four-story commercial building. Existing improvements include a 3-bedroom, 2-bath residence and a detached 1 bed / 1 bath, ~500 SF casita. Buyer to verify all zoning, density, and development possibilities with the City of Phoenix.
Investment highlights
Disclosure: properties are publicly listed separately: 122 N. 9th Avenue is listed at $845,000 and 126 N. 9th Avenue is listed for $820,000.... totaling $1,665,000 for both properties, just listed together on this single Crexi listing.
Located in Downtown Phoenix, this property—combined with the adjacent parcel—offers significant development potential under current commercial/multi-family zoning. Potential development scenarios include: (A) a six-story residential building with up to 18 units (~2,200 SF each), (B) a six-story mixed-use building with residential and commercial components, or (C) a four-story commercial building. Existing improvements include a 3-bedroom, 2-bath residence and a detached 1 bed / 1 bath, ~500 SF casita. Buyer to verify all zoning, density, and development possibilities with the City of Phoenix.
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