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111 E Southern Avenue , -

Phoenix, AZ 85040
  • $1,990,000
  • STATUS: Active
  • ON SITE: 216 Days
  • MLS #: 6732075
UPDATED: 30 min ago
$1,990,000
  • 0
    BEDS
  • 2.82
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:

Description

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..

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Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than eXp Realty. Data last updated 2025-02-18T17:14:20.717.
www.soldbytlt.com/homes/152674706
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111 E Southern Avenue , - Phoenix, AZ 85040

  • Price: $1,990,000
  • Status: Active
  • On Site: 216 Days
  • Updated: 30 min ago
  • MLS #: 6732075
0
Beds
0
Baths
0
½ Baths
2.82
Acres
County:
Maricopa
Area:
Phoenix
Elementary School:
Roosevelt Elementary School
Property Description
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..
Exterior Features

Fencing [] Horse Amenities [] Horse YN No Lot Features [] Other Structures [] Road Responsibility [] Road Surface Type [] Topography Level Vegetation []

Property Features

Association YN No Auction No Disclosures Archeological Site Flood Zone No Listing Terms [] Possible Use Multi-Family Sewer Public Sewer Special Listing Conditions Owner/Agent Tax Annual Amount 13403 Tax Other Annual Assessment Amount 0 Tax Year 2023 Water Source City Franchise Zoning R5

Arizona Regional MLS logo Listing provided by My Home Group Real Estate: roxygirlsonfireaz@gmail.com .


Arizona Regional MLS logo© 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than eXp Realty. Data last updated 2025-02-18T17:14:20.717.
 
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