This rare and exceptional investment and / or 1031 exchange opportunity is located at 338 E Portland St, in the vibrant Roosevelt Arts District of downtown Phoenix. The property benefits from Evan Churchill Neighborhood DTC-E-EV zoning, offering high-density, mixed-use redevelopment of up to 250 feet in height and with 100% lot coverage. This allows for the optimal mix of residential units, street-level retail, and boutique hotel spaces to realize exceptionally high ROI. Currently, the property has 9 fully remodeled 1BR/1BA units, generating excellent income through Airbnb, travel nurses, and high-tech professional rentals. This ensures a positive cash flow during the redevelopment planning and permitting process. The Roosevelt Arts District is known nationally for its eclectic blend of modern and historic architecture, attracting an influx of professionals, students, and businesses that fuel its dynamic growth. Redevelopment properties in this sort-after DTC-E-EV zone are in high demand by astute investors. This property is the only one currently offered for sale in this zoning. Don’t miss out on this rare investment opportunity.