1405 North 1st Street

Located just north of Downtown Phoenix and minutes from Midtown, 1405 N 1st Street is positioned within one of Arizona's most active urban redevelopment corridors. The surrounding area has experienced substantial investment over the past decade, driven by new multifamily development, employment growth, infrastructure improvements, and continued expansion of Phoenix's urban core. The property's location provides convenient access to Roosevelt Row, the Central Avenue Corridor, Arizona Center, Phoenix Biomedical Campus, and numerous dining, entertainment, and cultural destinations that continue to attract residents, employers, and investors alike. The Downtown Phoenix Overlay District has become a focal point for developers due to its increased height allowances, achievable densities, and supportive redevelopment framework. The area continues to benefit from strong demand for housing, office, hospitality, and mixed use projects, creating an environment that supports long term value appreciation. With immediate access to Interstate 10, Interstate 17, SR-51, Valley Metro Light Rail, and major employment centers, the submarket offers exceptional connectivity throughout the metropolitan area. As Downtown Phoenix continues to mature into a vibrant live, work, and play destination, opportunities to acquire well located redevelopment sites of this scale have become increasingly limited.1405 N 1st Street presents a unique opportunity to acquire a highly visible office property with significant redevelopment potential in one of Phoenix's most rapidly evolving urban corridors. The offering consists of approximately 7,450 square feet of office improvements situated on four parcels totaling approximately 0.64 acres. Currently improved with an existing office building and covered parking, the property offers immediate functionality while also providing long term value through its development potential. Located within the Downtown Phoenix Overlay District and designated DTC-TWNPK, the site benefits from zoning that allows for up to 90 feet of building height and densities of up to 125 dwelling units per acre. These development standards position the property as an attractive candidate for multifamily, mixed use, or other urban redevelopment projects. The property's central location, combined with its parcel configuration and redevelopment flexibility, creates a compelling opportunity for developers, investors, and owner users seeking a foothold in Downtown Phoenix's continued growth. Additionally, the existing office improvements and parking infrastructure provide optionality for continued use, repositioning, or future redevelopment as market conditions evolve.