512 W ADAMS Street, Phoenix, AZ 85003

$2,650,000
Property Type: Comm/Industry Sale Square Footage: 26,730 Lot Size (sq. ft.): 6,909 Status: Pending
Current Price: $2,650,000 List Date: 2/28/2025 Last Modified: 1/30/2026

Overview

Description

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.

Listing Details MLS# 6828239

Location, Tax & Legal

House Number
512
Compass
W
Street Name
ADAMS
St Suffix
Street
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85003
Zip4
1622
Country
US
County Code
Maricopa
Subdivision
PHOENIX 1 THROUGH 4 & 11 THROUGH 18
Assessor Number
112-20-053
Tax Year
2024
Assessor's Map #
20
Legal Description (Abbrev)
PHOENIX
Assessor's Parcel #
53
Add'l Parcels
Yes
Tax Municipality
Phoenix
Census Tract
114100
Taxes
7618
Legal
PHOENIX

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
26730
# of Buildings
3
Year Built
1958
Zoning
DTC-VanB
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
Adams and 5th Ave
Directions
east on Van Buren, south on 5th Ave and property is located on the SW Corner of Adams and 5th Ave

Status Change Info

Off Market Date
2026-01-29
Under Contract Date
2026-01-26

Legal Info

Township
1N
Range
3E
Section
8
Lot Number
4

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes

Currently Not Used

Sold Price Per SqFt
99.14

Construction

Block
Yes
Stucco
Yes

Roofing

Built-Up
Yes

Floors

Concrete
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
7618
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Building Type

Commercial
Yes
Industrial
Yes

Business Type

See Remarks
Yes

Stories

1 Story
Yes

Pmt & Rate Info

Equity
3000000
Total Owed
0

Lockbox Type

Combo
Yes

Ceiling Height

10.1 Feet to 12 Feet
Yes
16.1 Feet to 28 Feet
Yes

Heating

See Remarks
Yes

Cooling

See Remarks
Yes

Interior Features

Unfinished
Yes

Loading Facilities

Other (See Remarks)
Yes

Road Surface Type

Asphalt
Yes

Exterior

Corner Lot
Yes
Sidewalk(s)
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

Other (See Remarks)
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes

Freeway/Highway

Other (See Remarks)
Yes

Building Features

Other (See Remarks)
Yes

Sewer

Sewer - Public
Yes

Railroad

Other (See Remarks)
Yes

Parking Features

Parking Lot
Yes

Electric

Other (See Remarks)
Yes

Gas

Other (See Remarks)
Yes

New Financing

Cash Only
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

Property Features

Building Type: Commercial; Industrial Business Type: See Remarks Stories: 1 Story Construction: Block; Stucco Roofing: Built-Up Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet; 16.1 Feet to 28 Feet Heating: See Remarks Cooling: See Remarks Loading Facilities: Other (See Remarks) Interior Features: Unfinished Exterior: Corner Lot; Sidewalk(s) Fencing: None Building Features: Other (See Remarks) Parking Features: Parking Lot Electric: Other (See Remarks) Gas: Other (See Remarks) Water Source: City Franchise Sewer: Sewer - Public Railroad: Other (See Remarks) New Financing: Cash Only Showing Notification Methods: Text Lockbox Type: Combo Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Road Surface Type: Asphalt Traffic Count: Other (See Remarks) Environmental: None
IDX
Listing Office: ES Realty
Last Updated: January - 30 - 2026
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