620 W Van Buren Street $850,000

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    620 W Van Buren Street Phoenix, AZ 85003

    • 0.26 Acres
    • Land
    • MLS# 5973704
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    Views: 19 Days On Market: 169

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    Property Details

    AZ Opportunity Zone. HURRY! Purchase in the Opportunity Zone in 2019 to Receive the Full 15% Tax Reduction After 7 Years. Zoned DTC-VANB. 614 - 620 West Van Buren is a small development opportunity in theheart of downtown Phoenix in an Opportunity Zone! The property is located right at the intersection of Van Buren, 7th Avenue, and Grand Avenue. The extremely popular entertainment venues, The Van Buren and Crescent Ballroom, are both within walking distance, a little over a block away. Many projects are planned or under construction in the immediate area including X Phoenix (20 stories / 253 units), Duo on FiIllmore (12-14 stories / 220 units), Aspire Fillmore (17 stories / 254 units), Toll Brother at 6th and Van Buren (243 units), and The Fillmore by Trammel Crow (mixed-use development including 692 residential units). The site is also walking distance to the Historic Grand Avenue Arts District, the Stadium District (Chase Field and Talking Stick Resort Arena), and the ASU Downtown Campus. The property enjoys direct access to all areas of the Phoenix Valley by way of the I-10 Freeway and the nearby Light Rail Transit System. The property is in the Van Buren core of Downtown with density allowed up to 218 units per acre and height up to 558 feet.

    • General Features
      • Assessor Book # 111.00
      • Assessor Map # 41.00
      • Assessor Number 111-41-167-A
      • Assessor Parcel # 167.00
      • Assessor Parcel Ltr A
      • County Maricopa
      • Cross Street 7th Ave & Van Buren
      • Directions Just east of the NE Corner of 7th Ave & Van Buren & Grand Ave.
      • Existing Land Use Other (See Rmks)
      • For Sale/Lease Sale
      • List Date 2019-09-03
      • New Financing Cash, Conventional, Seller May Carry, 1031 Exchange, Other (See Rmks)
      • Presently Zoned Other (See Rmks)
      • Special Listing Conditions N/A
      • Tax Municipality Phoenix
      • Tax Year 2019
      • Taxes $9,789
      • Type ER
      • Zoning DTC-VANB
    • Property Features
      • Approx Lot SqFt 116x95
      • Apx. Total Acres 0.26
      • Legal Info: Lot Number 8
      • Electric Other (See Rmks)
      • Gas Other (See Rmks)
      • Sewer Other (See Rmks)

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    Neighborhood

    85003 (Phoenix) Demographics

    38 Median Age
    4,905 Population Density (per sq. mile)
    40% College Educated
    $45,615 Estimated Median Income
    1,411 Estimated Total Home Owners
    2,583 Estimated Total Renters
    35% / 65% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    9,079 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $420,000 Median Sales Price
    11 Homes Sold
    23 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $850,000
        9/4/2019 11:26:00 AM New in Database Source

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        Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2/20/2020 3:07:32 PM. The ARMLS logo indicates a property listed by a real estate brokerage other than Long Realty.