- $1.7M Price
- 2.82 Acres
111 E Southern Avenue (unit -)
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..
Essential Information
- MLS® #6732075
- Price$1,675,000
- Acres2.82
- TypeLand
- StatusActive
Community Information
- Address111 E Southern Avenue (unit -)
- CityPhoenix
- CountyMaricopa
- StateAZ
- Zip Code85040
School Information
- ElementaryRoosevelt Elementary School
District
Phoenix Union High School District
Additional Information
- ZoningR5
Listing Details
- OfficeMy Home Group Real Estate
Price Change History for 111 E Southern Avenue (unit -), Phoenix, AZ (MLS® #6732075)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,750,000 to $1,675,000 | ||
| Status Changed from Pending to Active | – | |
| Price Reduced from $1,990,000 to $1,750,000 |
My Home Group Real Estate.
Information Deemed Reliable But Not Guaranteed. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. ARMLS Logo indicates that a property listed by a real estate brokerage other than Launch Real Estate LLC. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on December 27th, 2025 at 2:33am MST.