512 W Adams St Phoenix, AZ 85003
Downtown Phoenix NeighborhoodEstimated payment $15,257/month
Highlights
- Corner Lot
- Ceiling height between 10 to 12 feet
- 1-Story Property
- Phoenix Coding Academy Rated A
About This Home
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 Agent
Edson Salas
ES Realty License #BR578194000 Listed on: 05/27/2026
Property Details
Property Type
- Other
Est. Annual Taxes
- $7,618
Year Built
- Built in 1958
Lot Details
- 6,909 Sq Ft Lot
- Corner Lot
- Property is zoned DTC-VanB
Home Design
- Built-Up Roof
- Block Exterior
- Stucco
Interior Spaces
- 26,730 Sq Ft Home
- 1-Story Property
- Ceiling height between 10 to 12 feet
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 112-20-053
Community Details
Overview
- 3 Buildings
- Phoenix 1 Through 4 & 11 Through 18 Subdivision
Building Details
- Operating Expense $7,618
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,092 | $56,968 | $56,968 | |
| 2024 | $7,544 | $54,255 | $54,255 | |
| 2023 | $7,544 | $88,080 | $88,080 | $0 |
| 2022 | $7,276 | $65,235 | $65,235 | $0 |
| 2021 | $7,221 | $65,235 | $65,235 | $0 |
| 2020 | $7,305 | $45,480 | $45,480 | $0 |
| 2019 | $7,293 | $42,510 | $42,510 | $0 |
| 2018 | $8,449 | $47,715 | $47,715 | $0 |
| 2017 | $8,858 | $49,710 | $49,710 | $0 |
| 2016 | $8,604 | $46,455 | $46,455 | $0 |
| 2015 | $8,657 | $48,112 | $48,112 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/27/2026 05/27/26 | Price Changed | $2,650,000 | 0.0% | $99 / Sq Ft |
| 05/27/2026 05/27/26 | For Sale | $2,650,000 | +15.2% | $99 / Sq Ft |
| 05/26/2026 05/26/26 | Sold | $2,300,000 | -13.2% | $86 / Sq Ft |
| 01/26/2026 01/26/26 | Pending | -- | -- | -- |
| 09/15/2025 09/15/25 | Price Changed | $2,650,000 | -11.7% | $99 / Sq Ft |
| 02/28/2025 02/28/25 | For Sale | $3,000,000 | -- | $112 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Old Republic Title | |
| Special Warranty Deed | $1,000,000 | Fidelity National Title Agen | |
| Special Warranty Deed | $1,130,000 | Fidelity National Title Agen |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | Commercial | |
| Closed | $1,500,000 | Commercial | |
| Previous Owner | $2,000,000 | Commercial |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6828239
APN: 112-20-053
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
- 114 W Adams St Unit 103
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- 0 N Central Ave Unit B
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Ask me questions while you tour the home.