Pending

111 E SOUTHERN Avenue Unit: -

Phoenix AZ, 85040

$1,990,000


$16.19 per sqft

Pending

2.82 Acres

Land

GREAT OPPORUNITY AWAITS!! This nearly 3-acre lot is ready for development! Only 10 minutes from downtown Phx and just steps away from the Light Rail!! Currently zoned as R-5. It's ready for your ideas to take shape. Development could include apartments, asst living facilities, dependent care homes, hospice centers or group homes. In a planned residential development, approximately 120 units could be created. Mini-apartments could potentially include more units. Phoenix has an on-going effort to develop the South-Central Transit Overlay District (TOD).More information about the TOD and additional uses are in the documents tab. It also has three incentive zones on it - DDA & QCT for qualifying for HUD grants, and an Opportunity zone. (See photos) The property could potentially be rezoned to C-2, which would allow for Dispensaries, Self or RV/Boat Storage, etc. There is water and sewer to the property. The site will be cleared in approximately 2 months. No access to the property from the south end. Please see the documents tabs for more information..

6732075

MLS ID

July 17, 2024

Listed

March 13, 2025

Updated

Exterior/Building Features

Lot Size

2.82 Acres


Sewer

Public Sewer

School Information

School District

Roosevelt Elementary District


Elementary School

Roosevelt Elementary School

Other Property Details

Taxes

$13,403


Tax Frequency

Annually


Days on Market

244


Garage

No


View

Yes


County

Maricopa


Water Source

City Franchise


Zoning

R5

Listing History

Date

Event

Price

3/13/2025

Pending

11/21/2024

Price change

$1,990,000

-10%

Courtesy of My Home Group Real Estate, Roxy Westphal

Listing Contact: 480-241-4161 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Wexler Realty Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data Last Updated: 5:47 PM UTC, 3/13/2025.

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