601 N 2nd Ave, Vacant Lot

Phoenix location characteristics Subject Property Location The subject property is located at 601 N 2nd Avenue in the City of Phoenix, Maricopa County, Arizona. The subject property is in the City Center and is a very good location with respect to commercial services, thoroughfares, public transportation and community services. Appeal of the area is very good and in redevelopment in terms of retail, commercial and residential use. The subject benefits from busy commuter and local traffic along Central Avenue. The area is anticipated to experience growth in the foreseeable future due to its location on the light rail. Cities along the light rail are now allowing new ‘Walkable Urban’ zoning, which generally allows up to 5 stories in new construction along the light rail corridor. Metro Phoenix Location The Metro Phoenix area is among the fastest-growing metropolitan areas in the country with an estimated 4.3 million residents. Phoenix is the 6th largest city in the United States and is the financial, commercial cultural, entertainment and government center of Arizona. It has an accessible location, excellent lifestyle amenities, a pro-business Governor with a growing business and entrepreneurial climate. The area has a predictable 320+ days of sunshine each year with mild winter temps and summer months of dry heat. Phoenix is the epicenter of the Southwest and proves to be particularly desirable to aerospace, nanotechnology, bioscience, advanced business services, high-tech and healthcare. Phoenix is home to major sports franchises: Arizona Diamondback baseball, Phoenix SUNS basketball, and Arizona Cardinals football and Arizona Coyotes hockey.Vacant corner lot, next to new MultiFamily developmentsVacant corner lot, 0.16 acres; adjacent to many new MultiFamily, next to ASU Downtown Campus, Circle K gas station, light rail less than 200 ft.