$1,675,000
Phoenix, AZ 85040
MLS# 6732075
1 / 4
Property Description
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
Details
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,675,000
List Price: $1,675,000
Status: Active
List Date: 2024-07-12
Location, Tax & Legal
Lot #: -
Assessor's Map #: 2
Legal Description (Abbrev): PT NW4 NE4 BEG 845F E NW COR S 638F N LN SAN FRANCISCO CAN S 75D 13M W 203.75F N 690F E 197F
Assessor's Parcel #: 49
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 116500
Taxes: 13403
House Number: 111
Compass: E
Street Name: SOUTHERN
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 3041
County Code: Maricopa
Assessor Number: 114-02-049
Tax Year: 2023
General Property Description
Apx Total Acres: 2.82
Apx Total Acres G/N: N
Price Per Acre: 593971.63
Apx SqFt: 122926
Price Per SqFt: 13.63
Apx SqFt G/N: N
Lot Size Dimensions: 10X20X10X30 apx
Flood Zone: No
Horses: N
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Roosevelt Elementary School
Zoning: R5
Legal Info
Range: 3E
Section: 32
Township: 1N
Lot Number: -
Special Listing Cond
Owner/Agent: 1
Pmt & Rate Info
Equity: 1675000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
No Notification Required to Show: 1
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Commercial Lot: 1
Zoned Presently
Multi-Family: 1
Potential Use
Multi-Family: 1
Parcel Size
2.50 - 4.99 Acres: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Sewer
Sewer - Public: 1
Electric
APS: 1
Topography
Level: 1
Gas
SW Gas: 1
Distance to Cable
Under 350 Feet: 1
New Financing
Cash: 1
Distance to Phone
Under 350 Feet: 1
Distance to Water
On Property: 1
Distance to Electric
On Property: 1
Distance to Gas
None: 1
Distance to Sewer
On Property: 1
Reports/Disclosures
Archeological Site: 1
Environmental
None: 1
Remarks Misc
Cross Street: S Central Ave and E Southern Ave
Directions: From 7th Street, West on Southern. Lot is on the South Side of the road, just to the left of the Insurance company.
Geo Lat: 33.391261
Geo Lon: -112.070888
Property Features
Special Listing Cond: Owner/Agent
Existing Land Use: Residential Lot; Commercial Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: 2.50 - 4.99 Acres
Topography: Level
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: None
Distance to Sewer: On Property
New Financing: Cash
Environmental: None
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
Supplements
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..
Listing Office: My Home Group Real Estate
Last Updated: January - 13 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Broker Attribution:
roxygirlsonfireaz@gmail.com