111 E Southern Avenue, Phoenix, AZ 85040

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
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...

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Home facts

  • Listing ID #:6732075
  • Updated:August 14, 2026 at 02:57 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)
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