2524 E Washington St - Commercial LAND FOR SALE


Phoenix, AZ 85034- East Side33,106 SF
$1,500,000 USD
602-316-7978
2524 E Washington St, Phoenix, AZ for Sale
$1,500,000 USD
Commercial LAND - FOR SALE
1/4
33,106 SF

2524 E Washington St
Phoenix, AZ 85034
East Side


HIGHLIGHTS

  • 5 contiguous parcels spanning East Washington St and East Adams St offering flexible site planning for a unified development
  • Ideal for small to midscale multifamily development, supported by walkable-urban zoning designed to encourage transit-oriented housing
  • Within 1 mile of major employment centers, including Phoenix Sky Harbor Airport and ValleyWise health Medical Center
  • Daytime population is 50%-90% higher highlighting a significant need for affordable workforce housing
  • Direct light rail access to Downtown Phoenix, Tempe, Mesa and Phoenix Sky Harbor Airport

OVERVIEW

Diamond in the rough, this site’s location offers outstanding regional connectivity. It lies just one block from the Valley Metro Light Rail on Washington Street, providing residents with easy access to Downtown Phoenix, Tempe, and Mesa. The property is also only minutes from I-10 and Loop 202, and a short ride from the 44th St/Washington St Light Rail Station, which connects directly to the PHX Sky Train®, offering seamless access to all Phoenix Sky Harbor International Airport terminals and parking facilities. The area is supported by strong employment fundamentals. Sky Harbor Airport and ValleyWise Health Medical Center—both located within one mile—serve as major employment anchors generating consistent housing demand for workers across a range of income levels. The surrounding daytime population is reported to be 50–90% higher than the total residential population within three miles, signaling a significant imbalance between where people work and where they live. This gap highlights a clear opportunity and ongoing need for attainable and workforce housing in the immediate area. With its transit-rich location, flexible walkable-urban zoning, major employment proximity, and strong demonstrated need for residential density, this site is exceptionally positioned for a multifamily or mixed-use development that supports Central Phoenix’s continued growth and housing demand.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/ACRE

$1,973,684/AC

PRICE/SF

$45 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Subsdzd, Hold for Development, Industrial Live/Work Unit, Storefront Retail/Office, Storefront Retail/Residential

LAND ACRES

0.76 AC

LAND SF

33,106 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

WU T4:3 and T5:5

APN/PARCEL ID

121-63-096,121-63-097,121-63-114,121-63-116

ASK ABOUT THIS PROPERTY

Cathy FoxColdwell Banker CommercialMore Info
602-316-7978

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Cathy FoxColdwell Banker CommercialMore Info
602-316-7978

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.