Homes for sale - 111 E SOUTHERN Avenue #-, Phoenix, AZ 85040

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Lora Mwaniki-Lyman

lora.mwaniki-lyman197019+inactive@exprealty.com +1(520) 780-9070

$ 1,990,000

Est. payment | -/mo

2.82 Acres Lot

Save

$ 1,990,000

Est. payment | -/mo

Save

2.82 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6732075

HOA Y/N No

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Annual Tax Amount $13,403

Tax Year 2023

Lot Size 2.822 Acres

Acres 2.82

Lot Dimensions 10X20X10X30 apx

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..

Location

State AZ

County Maricopa

Zoning R5

Direction From 7th Street, West on Southern. Lot is on the South Side of the road, just to the left of the Insurance company.

Exterior

Topography Level

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Roosevelt Elementary School

Others

Senior Community No

Tax ID 114-02-049

Horse Property N

Special Listing Condition Owner/Agent

Listed by My Home Group Real Estate

111 E SOUTHERN Avenue #- Phoenix, AZ 85040