709-711 S. 3rd St. present an extraordinary opportunity to buy two adjacent lots (totaling 14,528 SF) right outside the downtown core that are primed for a commercial, mixed-use or multifamily development. Located in the Warehouse District, this area is increasingly becoming the most attractive development neighborhood in the downtown market as massive investments and new projects have recently been completed. The properties are located in the City of Phoenix’s DTC-Warehouse zoning code and provide for a dynamic array of commercial and residential development uses. The zoning allows buildings up to 40ft in height, there are minimal setback requirements and there are no parking requirements for commercial uses. Build up to 26 units of multifamily rentals, or a townhome for sale product, or a business owner user could fix up the building for their office or retail storefront and use the land for storage or just buy for future appreciation as the area continues to develop around it. The location on these parcels is incredibly unique. The subject properties are within a short walk (6 blocks) of both the Footprint Center (Home of the NBA Phoenix Suns/WNBA Mercury and many concerts and events) and Chase Field (Home of the MLB Arizona Diamondbacks). The Downtown Convention Center is less than a 10-minute walk and so is the core business hub of downtown along with the AZ State Capital buildings. Within the last year the new ownership group for the Suns and Mercury have invested over $130,000,000 in acquiring and developing an assemblage of real estate within half a block of the subject properties. This is the new headquarters for the teams and over 300+ employees currently work there daily. Downtown Phoenix has exploded with new restaurants, bars, and entertainment options over the past few decades and all those amenities are within a short distance of these properties. Other major downtown attractions are within walking distance or just a short drive or bike, including the Science Center/Heritage Square, Herberger Theater, downtown University campuses (ASU, UofA, NAU) and many of downtown Phoenix’s main attractions and business centers. Phoenix Sky Harbor airport is only a 10 minute drive from the site. The properties have easy access to light rail and public transportation. The South Phoenix light rail extension is under development and slated to be completed in 2025. A stop for the light rail will be several blocks away from the project. ( https://www.axios.com/local/phoenix/2022/09/19/south-phoenix-light-rail-extension-halfway-complete )