Mixed-Use Land for Sale in Phoenix, Arizona
1152 E Monroe St, Phoenix, AZ 85034
Exceptional redevelopment opportunity in Downtown Phoenix, AZ. +/-23,500 SFT property, Zoned R-5, potential for higher density development under Walkable Urban Code and in an Opportunity Zone with potential for tax incentives. - Buyer and their experts to verify. The site is primed for transformation into multi-family housing, a modern light office space, or mixed-use development. Positioned near two key light rail stops at 12th Street and Washington, and 12th Street and Jefferson and convenient access to the I-10 and SR 51 freeways, the property ensures unparalleled accessibility. Located just 3/4 mile from the vibrant Stadium/Arena district, offering an abundance of dining, entertainment, and services.
Location
- Street address
- 1152 E Monroe St, Unit : 15
- County
- Maricopa County
- Community
- Porter Baxter Subdivision of Tract B Murphys Addit
- School district
- Phoenix Elementary District
- Elevation
- 1,093 feet
Directions
Van Burn North on 12th St to Monroe. Washing St South on 12th St to Monroe.
Property details
- Lot size
- 0.54 acres23,522 sq ft
- Zoning
- R5
- MLS #
- ARMLS 6804118
- Posted
Property taxes
- 2024
- $7,075 - PORTER & BAXTER SUB PT LOTS 15 & 16 BLK 1 S 47' OF N 94' & S 47' OF LOTS 15 & 16
Parcels
- 116-43-016
Legal description
PORTER & BAXTER SUB PT LOTS 15 & 16 BLK 1 S 47' OF N 94' & S 47' OF LOTS 15 & 16
Details and features
Listing
- Type
- Land
- Franchise
- Realty ONE Group
Lot
- Features
- Historic District
Exterior
- Fencing
- Chain Link
Structure
- Sewer
- Public Sewer
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Lowell Elementary School | Elementary | Phoenix Elementary District | — |
| Lowell Elementary School | Middle | Phoenix Union High School District | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 6, 2025 | Under contract | $1,950,000 | — | ARMLS |
| Sept 3, 2025 | Price drop | $1,950,000 | $150,000 -7.1% | ARMLS |
| Jan 13, 2025 | New listing | $2,100,000 | — | ARMLS |
