1152 E MONROE Street 15, Phoenix, AZ 85034

$1,950,000
Property Type: Land Lot Size (sq. ft.): 23,547 Status: Pending
Current Price: $1,950,000 List Date: 1/13/2025 Last Modified: 11/20/2025

Description

Exceptional redevelopment opportunity in Downtown Phoenix, AZ. +/-23,500 SFT property, Zoned R-5, potential for higher density development under Walkable Urban Code and in an Opportunity Zone with potential for tax incentives. - Buyer and their experts to verify. The site is primed for transformation into multi-family housing, a modern light office space, or mixed-use development. Positioned near two key light rail stops at 12th Street and Washington, and 12th Street and Jefferson and convenient access to the I-10 and SR 51 freeways, the property ensures unparalleled accessibility. Located just 3/4 mile from the vibrant Stadium/Arena district, offering an abundance of dining, entertainment, and services.

More Information MLS# 6804118

Contract Information

Type: Exclusive Right To Sell For Sale or Lease?: Sale Current Price: $1,950,000 List Price: $1,950,000 Status: Pending List Date: 2025-01-13

Location, Tax & Legal

Lot #: 15 Assessor's Map #: 43 Legal Description (Abbrev): PORTER & BAXTER SUB PT LOTS 15 & 16 BLK 1 S 47' OF N 94' & S 47' OF LOTS 15 & 16 Assessor's Parcel #: 16 Add'l Parcels: Yes Tax Municipality: Phoenix Census Tract: 114000 Taxes: 7075.08 House Number: 1152 Compass: E Street Name: MONROE St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85034 Zip4: 1033 County Code: Maricopa Assessor Number: 116-43-016 Subdivision: PORTER BAXTER SUBDIVISION OF TRACT B MURPHYS ADDIT Tax Year: 2024

General Property Description

Apx Total Acres: 0.54 Apx Total Acres G/N: G Price Per Acre: 3611111.11 Apx SqFt: 23547 Price Per SqFt: 82.81 Apx SqFt G/N: G Lot Size Dimensions: 235' X 104' Flood Zone: No Horses: N Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District Elementary School: Lowell Elementary School Jr. High School: Lowell Elementary School Zoning: R5

Legal Info

Range: 3E Section: 9 Township: 1N Lot Number: 15

Special Listing Cond

Owner/Agent: 1

Pmt & Rate Info

Equity: 2100000 Total Owed: 0

Assoc/Prop Info

HOA Y/N: N PAD Fee Y/N: N Assessed Balance: 0 HOA 2 Y/N: N

Showing Notification Methods

Showing Service: Aligned Showings

Lockbox Type

None: 1

Existing Land Use

Residential Lot: 1

Zoned Presently

Single Family: 1 Multi-Family: 1

Potential Use

Multi-Family: 1 Office: 1

Parcel Size

.50 - .99 Acres: 1

Current Density

26 - 30 Units P/Acre: 1 31 - 35 Units P/Acre: 1 36 - 40 Units P/Acre: 1

Development Status

Raw Land: 1 Off Site Imp Complte: 1 On Site Imp Cmplete: 1

Land Features

Historic District: 1

Elevation

1,001 - 2,000 Ft: 1

Elevation Source

Other (See Remarks): 1

Vegetation

See Remarks: 1

Land Configuration

Pad Site: 1

Road Access Type

Alley: 1

Road Surface Type

Asphalt: 1

Road Responsibility

City Maintained Road: 1

Traffic Count

Unknown: 1

Fencing

Chain Link: 1

Water Source

City Franchise: 1

Freeway/Highway

1.1 - 2 Miles: 1

Sewer

Sewer - Public: 1

Electric

APS: 1

Topography

Level: 1

Gas

SW Gas: 1

Existing Structures

None: 1

Distance to Cable

On Property: 1

New Financing

Cash: 1 Conventional: 1 1031 Exchange: 1

Special

Accepting Back-Ups: 1

Distance to Phone

On Property: 1

Distance to Water

On Property: 1

Existing 1st Loan

Treat as Free&Clear: 1

Distance to Electric

On Property: 1

Existing 1st Loan Type

Not Applicable: 1

Distance to Gas

On Property: 1

Existing 1st Loan Terms

Not Applicable: 1

Distance to Sewer

On Property: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

ALTA Survey Alba: 1 Other (See Rmks): 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

Phase I Available: 1

Remarks Misc

Cross Street: 12th St and Monroe Directions: Van Burn North on 12th St to Monroe. Washing St South on 12th St to Monroe. Geo Lat: 33.450165 Geo Lon: -112.056715

Status Change Info

Off Market Date: 2025-11-20 Under Contract Date: 2025-11-17

Property Features

Special Listing Cond: Owner/Agent Existing Land Use: Residential Lot Zoned Presently: Single Family; Multi-Family Potential Use: Multi-Family; Office Parcel Size: .50 - .99 Acres Current Density: 26 - 30 Units P/Acre; 31 - 35 Units P/Acre; 36 - 40 Units P/Acre Development Status: Raw Land; Off Site Imp Complte; On Site Imp Cmplete Land Features: Historic District Elevation: 1,001 - 2,000 Ft Elevation Source: Other (See Remarks) Vegetation: See Remarks Land Configuration: Pad Site Road Access Type: Alley Road Surface Type: Asphalt Road Responsibility: City Maintained Road Traffic Count: Unknown Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable New Financing: Cash; Conventional; 1031 Exchange Special: Accepting Back-Ups Environmental: Phase I Available Lockbox Type: None Fencing: Chain Link

Documents

View Document Survey ›
View Document Unbranded Flyer ›
Listing Office: Realty ONE Group
IDX
Last Updated: November - 20 - 2025
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