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REDEVELOPMENT OPPORTUNITYNICK MINER, CCIM O: 480.612.0384 C: [email protected] 4600 North Central Avenue & 21 West Coolidge Street | Phoenix, AZ
PROPERTY HIGHLIGHTS
• C-2 Zoning Allows for Several Potential Uses including Apartment, Senior Housing, Hotels, etc.
• TOD Overlay Zoning• Existing Income from Current
Tenants to Provide Cash Flow for Entitlement Period
• Part of City of Phoenix Canalscape Program - Density Bonus Opportunity
• Walking Distance to Two Light Rail Stations
BROPHY COLLEGEPREPARATORY
23,6
00 V
PD
DOWNTOWN PHOENIX
BROPHY COLLEGEPREPARATORY
BROPHY COLLEGEPREPARATORY
SUBJECT
DEVINE LEGACY ON CENTRAL
65 UNITS/5-STORY/2011 CONSTRUCTION
CEN
TRA
L AV
ENU
E
ELEVATION ON CENTRAL266 UNITS/4-STORY/2015
CONSTRUCTION
ELEVATION ON CENTRAL266 UNITS/4-STORY/2015
CONSTRUCTION
ELEVATION ON CENTRAL266 UNITS/4-STORY/2015
CONSTRUCTION
DEVINE LEGACY ON CENTRAL
65 UNITS/5-STORY/2011 CONSTRUCTION
DEVINE LEGACY ON CENTRAL
65 UNITS/5-STORY/2011 CONSTRUCTION
MASTER PLAN REDEVELOPMENT
760K SF OF COMMERCIAL OFFICE170K RETAIL/HOTEL
MASTER PLAN REDEVELOPMENT
760K SF OF COMMERCIAL OFFICE170K RETAIL/HOTEL
MASTER PLAN REDEVELOPMENT
760K SF OF COMMERCIAL OFFICE170K RETAIL/HOTEL
SUBJECTSUBJECTSUBJECT
PROPERTY INFORMATION
• Price: $2,400,000
• Parcel Numbers: 155-29-031; 155-29-030; 155-29-028A
• Total Land Area: 30,155 SF
• Zoning: C-2, Phoenix (TOD Overlay)
NICK MINER, CCIM O: 480.612.0384 C: [email protected]
V I EWDRONEVIDEO
Existing Buildings were Constructed in 1949 & 1976
and Span 17,684 SF.
CEN
TRA
L AV
ENU
ECE
NTR
AL
AVEN
UE
+/-230 LINEAR FEET+/-230 LINEAR FEET
Existing Buildings were Constructed in 1949 & 1976
and Span 17,684 SF.
Existing Buildings were Constructed in 1949 & 1976
and Span 17,684 SF.
Existing Buildings were Constructed in 1949 & 1976
and Span 17,684 SF.
CANALSCAPE
• Mixed-use Development at Central Avenue and Grand Canal provides activity at an important crossing. Outdoor dining takes advantage of the canal.
• Colored and textured paving signals the importance of the canal crossing, and induces Traffic Calming at this Safe Intersection.
• Engineered Shade and Cooling over bridge sidewalks.
• A proposed canal observation pier provides Public Art and is on tracks and can be retracted when the canal is serviced.
• New development creates an Active Frontage along the canal and enhances the edge with landscaping outside of the canal right-of-way.
• A Sculpture garden displays local Public Art.
• Building height may be measured from the canal bank grade.
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7
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REDEVELOPMENT
155-29-028A155-29-028A155-29-028A
155-29-031
155-29-030
6
155-29-031155-29-031
155-29-030155-29-030 CAN BE ASSEMBLEDCAN BE ASSEMBLED
+/- 230 LINEAR FEET
+/- 230 LINEAR FEET
ALHAMBRA
The property is part of the Alhambra Village Planning Committee. The Alhambra Village area grew primarily when neighborhoods were becoming popular in the late 1940s and early 50s to satisfy the housing needs of a growing population after World War II. Many of these new residents discovered Phoenix when they were stationed at Luke Air Base to the west of town. It is now characterized by small ranch-style homes of the postwar era.
The beautiful Spanish name of “Alhambra” was first used by W.J. Murphy, the builder/developer of the Arizona Canal and the namesake of the Bridle Path, to designate one of four areas of north Phoenix that he sub-divided and later developed with residential homes.
The eastern portion of the village is graced by large homes and the tree-lined historic Murphy Bridle Path which runs alongside Central Avenue, an area that first saw growth in the 1920s and 30s as the wealthy built large estates north of the city limits. The central Uptown area boasts the Windsor Square Neighborhood which is the city’s only historic district that features homes built in primarily the 1930s through the 50s and Uptown Plaza, the first strip shopping center in Phoenix, originally built in 1957. The village core focuses around the Christown Spectrum Mall, a shopping center built in the 1960s and originally named after the Chris family who had a farm on this site.
VILLAGE
UPTOWN TOMORROW
Uptown Tomorrow
Building of Importance
Civic Building
Existing Building
Green Space
Proposed building
Proposed parking
N
Missouri Ave
Colter St
Camelback Rd
Highland Ave
Grand Canal
Indian
School Rd
7th
St.
3rd
St.
Cent
ral A
ve
3rd
Ave
7th
Ave
11th
Ave
15th
Ave
66VISION AND MASTER PLAN
15th
Ave
11th
Ave
7th
Ave
3rd
Ave
Cen
tral A
ve
3rd
St
7th
St
Building of Importance Civic Building
Existing Building
Green Space Proposed Building
Proposed Parking
UPTOWN TOMORROWT5.5 ZONING
Uptown Tomorrow
T5:3
T5:3
T5:3
T5:3T5:3
T5:2T5:3
T5:3
T5:3T5:3
T5:5
T6:22
T5:5
T5:5
T5:5T5:5
T5:5
T5:5
T6:22
T5:5
T5:5
T5:5
T5:5
T6:22
T5:5
T5:2
T5:5
T6:22
T5:5T5:5
T5:5T5:5
T4:3T4:3
T4:3T4:3
T4:3T4:3
T4:3
T4:3
T4:3
T4:3
T4:3T4:3 T4:3
T5:2
T5:2T5:2
T5:3
T5:2T5:2
T5:2T5:2
T5:2T5:2T3:2
T6:22
T6:22
T5:3T5:3
T5:7T5:5
N
ReinventPHX Conceptual Zoning Plan
Missouri Ave
Colter St
Camelback Rd
Highland Ave
Grand Canal
Indian
School Rd
7th
St.
3rd
St.
Cent
ral A
ve
3rd
Ave
7th
Ave
11th
Ave
15th
Ave
78VISION AND MASTER PLAN
15th
Ave
11th
Ave
7th
Ave
3rd
Ave
Cen
tral A
ve
3rd
St
7th
St
Missouri Ave
Colter St
Camelback Rd
Highland Ave
Grand Canal Trail
Indian School Rd
2019 SUMMARY (ESRI) ONE MILE THREE MILE FIVE MILE
DAYTIME POPULATION 38,268 298,956 747,737
POPULATION 20,676 176,179 435,154
AVG HOUSEHOLD SIZE 2.00 2.26 2.53
AVG HOUSEHOLD INCOME $71,018 $77,059 $71,174
MEDIAN AGE 37.6 37.0 34.1
747,737
$77,059
34.1
DAYTIMEPOPULATION
AVG HHINCOME
MEDIANAGE
5 Mi
3 Mi
5 Mi
REDEVELOPMENT OPPORTUNITY4600 North Central Avenue & 21 West Coolidge Street | Phoenix, AZ
NICK MINER, CCIM O: 480.612.0384 C: [email protected]
