111 E SOUTHERN Avenue -Phoenix, AZ 85040
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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..
| 6 days ago | Listing updated with changes from the MLS® | |
| 6 days ago | Status changed to Active | |
| 7 months ago | Price changed to $1,990,000 | |
| 11 months ago | Listing first seen on site |
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Last checked: 2025-06-09 04:54 AM UTC
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