111 E SOUTHERN Avenue, -, Phoenix, AZ 85040
$1,750,000
Property Type:
Land
Lot Size (sq. ft.):
122,926
Status:
Active
Current Price:
$1,750,000
List Date:
6/02/2025
Last Modified:
6/17/2025
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
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..
More Information MLS# 6732075
Contract Information
Current Price: $1,750,000
List Price: $1,750,000
Status: Active
List Date: 2024-07-12
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
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: 620567.38
Apx SqFt: 122926
Price Per SqFt: 14.24
Apx SqFt G/N: N
Lot Size Dimensions: 10X20X10X30 apx
Horses: N
Zoning: R5
Flood Zone: No
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Roosevelt Elementary School
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
Legal Info
Township: 1N
Range: 3E
Section: 32
Lot Number: -
Showing Notification Methods
Showing Service: Aligned Showings
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
Listing Office: My Home Group Real Estate
Last Updated: June - 17 - 2025
Broker Attribution:
roxygirlsonfireaz@gmail.com
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