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$2,650,000
Phoenix, AZ 85003
MLS# 6828239
Status: Pending
1 / 24
Property Description
Unique Opportunity for possible development in the heart of downtown Phoenix with special DTC (Downtown) Zoning allowing a developer to build up. This property offers approximately 26,730 square feet of versatile space, ideal for businesses seeking a distinctive and strategic location. 3 parcels are included in the sale including 112-20-052, 112-20-053, and 112-20-055. This rare opportunity shares a corner with the famous Arizona Financial theater on the corner of 5th Ave. and Adams St. this is the best deal for a downtown property and will not last long on the market.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $2,650,000
List Price: $2,650,000
Status: Pending
List Date: 2025-02-28
Location, Tax & Legal
Assessor's Map #: 20
Legal Description (Abbrev): PHOENIX
Assessor's Parcel #: 53
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 114100
Taxes: 7618
Legal: PHOENIX
House Number: 512
Compass: W
Street Name: ADAMS
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 1622
Country: US
County Code: Maricopa
Subdivision: PHOENIX 1 THROUGH 4 & 11 THROUGH 18
Assessor Number: 112-20-053
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 26730
# of Buildings: 3
Uncvrd Parking Spcs: 0
Year Built: 1958
Zoning: DTC-VanB
Currently Not Used
Sold Price Per SqFt: 99.14
Legal Info
Range: 3E
Section: 8
Township: 1N
Lot Number: 4
Construction
Block: 1
Stucco: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 7618
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Industrial: 1
Business Type
See Remarks: 1
Stories
1 Story: 1
Pmt & Rate Info
Equity: 3000000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Lockbox Type
Combo: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
16.1 Feet to 28 Feet: 1
Heating
See Remarks: 1
Cooling
See Remarks: 1
Interior Features
Unfinished: 1
Loading Facilities
Other (See Remarks): 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Sidewalk(s): 1
Source of Fincl Data
Owner: 1
Traffic Count
Other (See Remarks): 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
Other (See Remarks): 1
Building Features
Other (See Remarks): 1
Sewer
Sewer - Public: 1
Railroad
Other (See Remarks): 1
Parking Features
Parking Lot: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Cash Only: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Remarks Misc
Cross Street: Adams and 5th Ave
Directions: east on Van Buren, south on 5th Ave and property is located on the SW Corner of Adams and 5th Ave
Geo Lat: 33.449595
Geo Lon: -112.080582
Status Change Info
Off Market Date: 2026-01-29
Under Contract Date: 2026-01-26
Property Features
Building Type: Commercial; Industrial
Business Type: See Remarks
Stories: 1 Story
Construction: Block; Stucco
Roofing: Built-Up
Floors: Concrete
Ceiling Height: 10.1 Feet to 12 Feet; 16.1 Feet to 28 Feet
Heating: See Remarks
Cooling: See Remarks
Loading Facilities: Other (See Remarks)
Interior Features: Unfinished
Exterior: Corner Lot; Sidewalk(s)
Fencing: None
Building Features: Other (See Remarks)
Parking Features: Parking Lot
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Other (See Remarks)
New Financing: Cash Only
Showing Notification Methods: Text
Lockbox Type: Combo
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Road Surface Type: Asphalt
Traffic Count: Other (See Remarks)
Environmental: None
Listing Office: ES Realty
Last Updated: January - 30 - 2026
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