512 W Adams St Phoenix, AZ 85003
Downtown Phoenix NeighborhoodEstimated payment $17,347/month
About This Home
Unique Opportunity for possible development in the heart of downtown Phoenix with special DTC (Downtown) Zoning allowing a developer to build up. This property offers approximately 26,730 square feet of versatile space, ideal for businesses seeking a distinctive and strategic location. 3 parcels are included in the sale including 112-20-052, 112-20-053, and 112-20-055. This rare opportunity shares a corner with the famous Arizona Financial theater on the corner of 5th Ave. and Adams St. this is the best deal for a downtown property and will not last long on the market.
Property Details
Property Type
- Other
Est. Annual Taxes
- $7,618
Year Built
- Built in 1958
Lot Details
- 6,909 Sq Ft Lot
- Property is zoned DTC-VanB
Home Design
- Built-Up Roof
- Block Exterior
- Stucco
Interior Spaces
- 26,730 Sq Ft Home
- Concrete Flooring
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 112-20-053
Community Details
Overview
- 3 Buildings
- Phoenix 1 Through 4 & 11 Through 18 Subdivision
Building Details
- Operating Expense $7,618
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,618 | $56,968 | $56,968 | -- |
| 2024 | $7,544 | $54,255 | $54,255 | -- |
| 2023 | $7,544 | $88,080 | $88,080 | $0 |
| 2022 | $7,276 | $65,235 | $65,235 | $0 |
| 2021 | $7,221 | $65,235 | $65,235 | $0 |
| 2020 | $7,305 | $45,480 | $45,480 | $0 |
| 2019 | $7,293 | $42,510 | $42,510 | $0 |
| 2018 | $8,449 | $47,715 | $47,715 | $0 |
| 2017 | $8,858 | $49,710 | $49,710 | $0 |
| 2016 | $8,604 | $46,455 | $46,455 | $0 |
| 2015 | $8,657 | $48,112 | $48,112 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/28/2025 02/28/25 | For Sale | $3,000,000 | -- | $112 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Old Republic Title | |
| Special Warranty Deed | $1,000,000 | Fidelity National Title Agen | |
| Special Warranty Deed | $1,130,000 | Fidelity National Title Agen |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | Commercial | |
| Closed | $1,500,000 | Commercial | |
| Previous Owner | $2,000,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6828239
APN: 112-20-053
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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