Arizona / Phoenix / 85007 / 333 North 7th Avenue

333 North 7th Avenue

Phoenix, AZ 85007

Listing ID: 235796

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$7,600,000

For Sale

Property Type Industrial for Sale : Warehouse
Lot Size Acres 2.390
Building Sq Ft 45,250
Building Price per Sq Ft $167.96
Land Sq Ft 104,108
Land Price per Sq Ft $73.00

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Description

SVN is pleased to announce the exclusive offering of 333 N. 7th Ave. in Downtown Phoenix. The subject site consists of 2.39 AC along with multiple structures totaling ±45,250 SF of office/warehouse space previously occupied by Milum Textile Services. Located just north of the northeast corner of 7th Ave. and Van Buren St., the property offers a prime development opportunity. The property is situated within the Downtown Phoenix Opportunity Zone and its location within the Downtown Code allows for upwards of 600’ of height and a maximum density of 218 dwelling units per acre. The flexible zoning allows for a wide range of uses including multi family, retail, office, and hospitality. Retail amenities in the immediate area include The Van Buren, Crescent Ballroom, State 48 Brewery, and countless other award winning restaurants. In close proximity is Downtown Phoenix’s central business district, the Phoenix Convention Center, and the sports venues of the Phoenix Suns and Arizona Diamondbacks. With multi-acre development sites at a premium in this submarket, this site is likely the next prominent development site in Downtown Phoenix.

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Listing Demographics for 333 North 7th Avenue Phoenix, AZ 85007

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		14,376	103,404	365,954
Population Median Age		35	35	33
Population by Age	0-9 Yrs	984 (6%)	12974 (12%)	54637 (14%)
	10-19 Yrs	2177 (15%)	14127 (13%)	53945 (14%)
	20-29 Yrs	3592 (24%)	19482 (18%)	65253 (17%)
	30-39 Yrs	2558 (17%)	17074 (16%)	58201 (15%)
	40-49 Yrs	1541 (10%)	12652 (12%)	46398 (12%)
	50-59 Yrs	1466 (10%)	12293 (11%)	40417 (11%)
	60-69 Yrs	1278 (8%)	9118 (8%)	27321 (7%)
	70+ Yrs	780 (5%)	5685 (5%)	19783 (5%)

Median HH Income		$34,650	$41,106	$41,795
Total Household Income	< 24K	2457 (38%)	12642 (32%)	38470 (30%)
	25-49K	1559 (24%)	10044 (25%)	34449 (27%)
	50-74K	805 (12%)	6152 (15%)	21305 (16%)
	75-99K	548 (8%)	3625 (9%)	12036 (9%)
	100-199K	778 (12%)	5006 (12%)	15588 (12%)
	200K+	316 (4%)	1512 (3%)	3521 (2%)

Highest Education Level	No Diploma	1725	17623	65498
	Diploma or GED	1835	14915	57321
	Some College	2035	12887	44503
	Assoc. Degree	507	4025	13377
	Bachelors Degree	2032	11110	29330
	Higher Degree	1381	7107	16774

Total Housing Units		7,966	45,600	142,228
--Owner-Occupied		1,327	14,563	49,116
--Renter-Occupied		5,135	24,418	76,252
Owner-Occupied Values	< 100K	129	2810	10117
	100-199K	229	3793	17396
	200-299K	402	3750	11651
	300-399K	178	2291	5213
	400-499K	150	836	2041
	500K+	237	1083	2698

Total Working Age Population		12,741	82,232	279,878
In Work Force		8,024	52,625	180,141
Not In Work Force		4,717	29,607	99,737
Workforce Employed		7,612	49,721	168,584
Workforce Unemployed		403	2,886	11,402
Civlian Workforce		8,015	52,607	179,986
Military Workforce		8	18	155

Total Households		6,462	38,980	125,368
Family Households		1,746	18,528	69,804
Non-Family Households		4,715	20,452	55,565
Married Couple		987	10,312	38,603
Other Family		759	8,216	31,201
Married w/Child		289	4,255	18,924
Single Male w/Child		111	1,437	4,478
Single Female w/Child		343	3,457	13,592

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Arizona	5,130,632	+25	6,392,017	+14	7,286,100	+14	8,284,900
Maricopa County	3,072,149	+24	3,817,117	+16	4,436,900	+15	5,107,700
Pinal County	179,727	+109	375,770	+24	466,200	+32	616,200

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views

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Closest Commercial Airports

Airport	Distance (mi)
Phoenix Sky Harbor International Airport (PHX)	4
Tucson International Airport / Morris Air National Guard Base (TUS)	114
McCarran International Airport (LAS)	252