30 N 20th St
30 N 20th St | Phoenix, AZ 85034, US
highlights
property
details
property
description
Introducing a prime investment opportunity at 30 N 20th St, Phoenix, AZ, 85034. Nestled in the heart of the Multi Family area and zoned R-5, this property presents an enticing prospect for the discerning Land/Multifamily investor. With its strategic location and versatile zoning, the property offers immense potential for the development of multi-family residences. Embrace the chance to capitalize on this thriving market and maximize your investment returns. Explore the possibilities and secure your foothold in an area primed for growth and success.
location
description
This 0.792-acre property located at 30 N 20th St in Phoenix, Arizona, presents an infill development opportunity within one of the most rapidly evolving urban corridors in the Phoenix. Strategically positioned between Downtown and Midtown Phoenix, the site lies within a designated Transit Overlay District (TOD) area, reinforcing its long-term value as a high-density residential or mixed-use development opportunity in a transit-supportive environment. Ideally situated along the Central City growth corridor, the property offers seamless access to the city’s most significant employment, education, transit, and cultural amenities. Located in a federally designated Opportunity Zone and Qualified Census Tract, the site stands to benefit from continued public and private reinvestment driving expansion throughout the City area. The surrounding neighborhood has experienced substantial redevelopment over the past decade, fueled by demand for higher-density housing proximate to the urban core. The property offers direct connectivity to major transportation networks, including Interstate 10, State Route 51, and the Valley Metro Light Rail system. Multiple bus routes, bike lanes, and pedestrian pathways further enhance accessibility and align with TOD principles promoting walkability and transit access. Within minutes are major regional destinations including Downtown Phoenix—home to government offices, financial institutions, legal firms, ASU’s Downtown Campus, and premier entertainment venues such as Chase Field and Footprint Center—as well as Midtown Phoenix, known for its healthcare systems, corporate employment centers, and cultural institutions. This proximity continues to drive sustained demand for multifamily and mixed-use development. The site’s flexible R-5 high-density zoning, TOD location, Opportunity Zone designation, and central infill positioning support a wide range of development strategies, including multifamily housing, mixed-use projects, workforce housing, or market-rate residential communities. Its transit-oriented setting enhances long-term desirability and strengthens the investment narrative for future residents and tenants. Seller financing may be available depending on negotiated terms. All Opportunity Zone information, utility availability, and development parameters should be independently verified by Buyer during due diligence.