512 W ADAMS Street, Phoenix, AZ 85003, Phoenix AZ 85003
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.
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is offered at $99 per square foot, compared with a $5 median for active listings without a reported bedroom count in Phoenix. Its asking price falls near the 90th percentile of that active group. The comparison uses 566 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $441,000, and the median is $358 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 114 W ADAMS Street 1007, Phoenix, AZ 85003 | May 15, 2026 | 2 bd · 953 sqft | $355,000 | 0.3 mi |
| 114 W ADAMS Street PH, Phoenix, AZ 85003 | Jun 22, 2026 | 2 bd · 2,668 sqft | $1,400,000 | 0.3 mi |
| 387 N 2ND Avenue 2E, Phoenix, AZ 85003 | Jun 26, 2026 | 1 bd · 927 sqft | $400,000 | 0.4 mi |
| 1002 W POLK Street, Phoenix, AZ 85007 | Aug 12, 2026 | 6 bd · 1,138 sqft | $370,000 | 0.4 mi |
| 1211 W POLK Street, Phoenix, AZ 85007 | Sep 21, 2026 | 3 bd · 1,410 sqft | $482,000 | 0.5 mi |
| 1115 W FILLMORE Street, Phoenix, AZ 85007 | Apr 15, 2026 | 2 bd · 462 sqft | $165,000 | 0.6 mi |
| 1119 W FILLMORE Street, Phoenix, AZ 85007 | Jun 12, 2026 | 8 bd | $580,000 | 0.6 mi |
| 621 N 11th Avenue, Phoenix, AZ 85007 | Jun 11, 2026 | 3 bd · 1,387 sqft | $496,000 | 0.6 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $2,650,000 · Active
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