111 E Southern Avenue, Phoenix, AZ 85040
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
111 E Southern Avenue,Phoenix, AZ 85040
$1,750,000
- 2.82 Acres
- Lots / Land
- Active
Listed by:roxy westphalroxygirlsonfireaz@gmail.com
Office:my home group real estate
MLS#:6732075
Source:ARMLS
Price summary
- Price:$1,750,000
About this home
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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Home facts
- Listing ID #:6732075
- Updated:August 19, 2025 at 02:50 PM
Structure and exterior
- Lot area:2.82 Acres
Schools
- Elementary school:Roosevelt Elementary School
Utilities
- Water:City Franchise
Finances and disclosures
- Price:$1,750,000
- Tax amount:$13,403 (2023)
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