November 17, 2024 3:18 pm
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Retail center to be built at Seventh Street and Highland Avenue

The Northeast corner at Seventh Street and Highland Avenue will soon be home to a retail center. /Photo courtesy of Cashen Realty Advisors
The Northeast corner at Seventh Street and Highland Avenue will soon be home to a retail center. /Photo courtesy of Cashen Realty Advisors

By AZRE

Two properties on the Northeast corner of Highland Avenue and Seventh Street in Phoenix were sold, and are slated for demolition, with a retail center replacing the buildings, according to broker who worked on the deal.

Ownership group, OFMM2LLC, purchased two land parcels at 4701 N. 7th St. and 4711 and 4717 N. 7th St. The parcel located at 4701 N. 7th St. consists of 10,350 square feet of land, and was sold for $850,000.

The second parcel of land located at 4711 and 4717 N. 7th St. includes 28,500 square feet and was sold for $1,400,000.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.