111 E Southern Avenue, Phoenix, AZ 85040

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
111 E Southern Avenue,Phoenix, AZ 85040
$1,675,000
  • 2.82 Acres
  • Lots / Land
  • Active
Listed by: roxy westphal, elizabeth erwinroxygirlsonfireaz@gmail.com
Office: my home group real estate
MLS#:6732075
Source:ARMLS

Price summary

  • Price:$1,675,000

About this home

GREAT OPPORUNITY AWAITS!! Seller will carry with substantial down payment. 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,etc.. In a planned residential development, approximately 120 units could be created. 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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:6732075
  • Updated:March 19, 2026 at 03:10 PM

Structure and exterior

  • Lot area:2.82 Acres

Schools

  • Elementary school:Roosevelt Elementary School

Utilities

  • Water:City Franchise

Finances and disclosures

  • Price:$1,675,000
  • Tax amount:$13,403 (2023)
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

New listings near 111 E Southern Avenue