111 E Southern Avenue Unit -, Phoenix, AZ 85040
- $1,675,000
- List Price
- $1,675,000
- Price Change
- ▼ $75,000 1765156649
- Days on Market
- 747
- Status
- ACTIVE
- MLS#
- 6732075
- City
- Phoenix
- Lot Size
- 122,926
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 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..
Additional Information
- Elementary School
- Roosevelt Elementary School
- Acres
- 2.82
- Electric
- APS
- Lot Size
- 122,926
- New Financing
- Cash
- Taxes
- $13,403
- Tax Year
- 2023
- Water
- City Franchise
- Zoning
- R5
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Listing courtesy of My Home Group Real Estate.
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