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.