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111 E Southern Avenue, Phoenix, AZ 85040

Phoenix
Local realty services provided by:CENTURY 21 Desert Estates 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:October 30, 2026 at 04:42 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)
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved. ARMLS Member Broker: JoAnn Ayres

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