709 S 3RD Street, Phoenix, AZ 85004, Phoenix, 85004 - 4 bed, 2 bath
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Phoenix, AZ 85004
Analysis of 709 S 3RD Street, Phoenix, AZ 85004 is currently available with a list price of $1,025,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1936 (>50 years old) with no evidence of renovation. The listing explicitly markets this as a 'development opportunity' in a commercial zone, and the exterior shows significant deterioration, indicating the structure is likely unlivable and the value lies in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7007, living area = 1641.
Situated in the heart of the Warehouse District, the property is just one minute from both the Suns and Diamondbacks stadiums, offering premier access to Phoenix's sports and entertainment hub.
The property is commercially zoned and sits on a substantial lot, providing a rare and versatile opportunity for high-density redevelopment in a rapidly growing urban core.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The list price of over $1 million is heavily weighted toward land value and zoning potential, which may be difficult to justify for buyers not looking for a full-scale redevelopment project.
Built in 1936, the existing 1,641-square-foot structure likely requires significant maintenance or complete demolition to achieve the property's highest and best use.
amazing development opportunity in a commercially zoned are warehouse district. 1 min to both Suns and D backs stadiums. Duplex on a large 15k square foot lot.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,641 | 1,897 | 33% |
| Lot Size | 7,007 | 7,415 | 33% |
| Price | $1.02M | $425.0K | 67% |
| Price per sq ft | $625 | $224 | 67% |
| Built year | 1936 | 1930 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 279 | 33% |
May 5, 2026
$1,025,000
Initial Listing