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$2,300,000
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Property Description
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.
Full Property Details
Full Property Details for 512 W Adams St
General
- Sold For: $2,300,000
- Taxes: $7,618 (2024)
- Status: Closed
- Type: Commercial
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6828239
- Added to Site: 453 day(s) ago
Business
- Business Type: See Remarks
Rental Information
- Complex Features: Other (See Remarks)
Interior
- Flooring: Concrete
Parking
- Parking Features: Parking Lot
Location
- County: Maricopa
- Township: 1N
- Subdivision: PHOENIX 1 THROUGH 4 & 11 THROUGH 18
- Cross Streets: Adams and 5th Ave
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
Utilities
- Water: City Franchise
Structural Information
- # Buildings: 3
- Structure Type: Commercial, Industrial
- Exterior Const.: Stucco, Block
- Roof: Built-Up
- Year Built: 1958
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,909
- Frontage: Asphalt
- Zoning: DTC-VanB
- Fencing (Description): None
Financial Considerations
- Tax Amount: $7,618
- Tax Year: 2024
Disclosures and Reports
- Legal Description: PHOENIX
- Property ID: 112-20-053
- Range: 3E
- Section: 8
- Lot Number: 4
Listed by ES Realty
Sold by Compass
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Schools
Schools serving 512 W Adams St
School Districts:Phoenix Elementary District, Phoenix Union High School District
| Name | Grades | Distance |
|---|---|---|
Paul Dunbar Lawrence School 707 West Grant Street, Phoenix, AZ 85007 | K-8 | 0.7 mi |
Central High School 4525 North Central Avenue, Phoenix, AZ 85012 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 512 W Adams St
Date
Details
Price
Change
Source
5/26/2026
Sold
$2,300,000
-13.21%
MLS
9/15/2025
Price Reduced
$2,650,000
-11.67%
MLS
2/28/2025
Listed
$3,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
512 W Adams Street, Phoenix, AZ 85003 (MLS# 6828239) is a Commercial property that was sold at $2,300,000 on May 26, 2026. Want to learn more about 512 W Adams Street? Do you have questions about finding other Commercial real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.

