170 E Monterey Way, -, Phoenix, AZ 85012

$257,900

Property Type: Land Lot Size (sq. ft.): 7,105 Status: Closed

Current Price: $257,900 List Date: 12/04/2024 Last Modified: 5/06/2025

Description

This opportunity consists of a ±7,105 SF parcel (zoned R-5), situated in Midtown Phoenix between Central Ave & 3rd St. This infill parcel is positioned perfectly for new construction for professional office or residential / multifamily uses. The surrounding area consists of similarly sized lots improved with small professional office / retail buildings, as well as much larger commercial multi-story office buildings, in-line retail centers / restaurants, and large multifamily product. The property is situated just west of 3rd St, which from Indian School to Roosevelt St is set to become a ''signature street that supports a live, work, play mixed-use district.'' This infill parcel is an excellent opportunity for office, medical office, or multi-family developers.

More Information MLS# 6790802

Contract Information

Current Price: $257,900 Sold Price: $257,900 Status: Closed List Date: 2024-12-04 For Sale or Lease?: Sale Type: Exclusive Right To Sell

Location Tax Legal

House Number: 170 Compass: E Street Name: Monterey St Suffix: Way City/Town Code: Phoenix State/Province: AZ Zip Code: 85012 Zip4: 2620 Country: US County Code: Maricopa Assessor Number: 118-34-060-A Subdivision: Monterey Medical Plaza Tax Year: 2024

General Property Description

Apx Total Acres: 0.16 Apx Total Acres G/N: G Price Per Acre: 2000000 Apx SqFt: 7105 Price Per SqFt: 45.04 Apx SqFt G/N: G Lot Size Dimensions: 70x100 Horses: N Zoning: R-5 Flood Zone: No Elementary School District: Osborn Elementary District High School District: Phoenix Union High School District

Remarks Misc

Cross Street: Central Ave and Osborn Geo Lat: 33.485501 Geo Lon: -112.070899

Status Change Info

Status Change Date: 2025-05-06 Off Market Date: 2025-04-29 Under Contract Date: 2025-04-24 Close of Escrow Date: 2025-05-05 Sold Price: $257,900

Legal Info

Township: 2N Range: 3E Section: 29 Lot Number: -

Showing Notification Methods

Showing Service: No Showing Service Used

Sold Info

Loan Type: Other Closing Cost Split: Normal - N Buyer Concession $/%: % Seller Concession $/%: %

Property Features

Special Listing Cond: N/A Existing Land Use: Commercial Lot; Other (See Rmks) Zoned Presently: Other (See Rmks) Potential Use: Single Family; Multi-Family; Commercial; Office; Other Parcel Size: .0 - .24 Acres Water Source: City Franchise; Other; See Remarks Sewer: Other Electric: Other (See Rmks) Gas: Other (See Rmks) Distance to Cable: Call Listing Office Distance to Phone: Call Listing Office Distance to Water: Call Listing Office Distance to Electric: On Property Distance to Gas: Call Listing Office Distance to Sewer: Call Listing Office New Financing: Other (See Rmks) Environmental: Other (See Rmks) Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None

Listing Office: R.O.I. Properties

Last Updated: May - 06 - 2025

170 E Monterey Way, -, Phoenix, AZ 85012 (MLS# 6790802)