2800 Building - Asking Price: $15,750,000
Unmatched Development Potential with Permanent 360° Views of Greater Phoenix
CBRE, Inc., as exclusive advisor, is pleased to present the opportunity to acquire 2800 & 2702 N 44th Street, a ±7.66-acre site located in Phoenix, Arizona.
This location on the prominent corner of N 44th Street and E Thomas Road benefits from the rapid regentrification in the neighboring Arcadia, Arcadia Lite, and Lower Arcadia, three of Phoenix’s most affluent and sought-after neighborhoods. Strong demographics, limited supply of new multifamily projects, and immediate access to convenient and popular amenities make this project an attractive repositioning opportunity.
Investment Highlights
2800 Building – Existing Structure with Redevelopment Upside
The 2800 Building soars 11 stories above the skyline of low- and mid-rise structures of the area.
This landmark site’s prime exposure provides excellent visibility for impactful business signage, and tenants enjoy sweeping views of the expansive landscape of the Greater Phoenix area.
The tower can be delivered entirely vacant, offering a rare opportunity for a high-end and modern office retrofit with owner-user occupancy potential, adaptive reuse of the existing structure to multifamily community, or full-scale redevelopment to a condominium and townhome project.