$1,675,000

111 E SOUTHERN Avenue -, Phoenix, AZ 85040

Maricopa County

2.82 acres No HOA

689 days on market

What's special

No HOA

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..

Property details

Exterior

Land Info

Lot Size Acres: 2.82
Lot Size Square Feet: 122,926
Lot Size Dimensions: 10X20X10X30 apx

Community

Homeowners Association

Association: No

Listing

Other Property Info

Annual Tax Amount: $13,403
Source Listing Status: Active
County: Maricopa
Directions: From 7th Street, West on Southern. Lot is on the South Side of the road, just to the left of the Insurance company.
Parcel Number: 114-02-049
Zoning: R5
Postal City: Phoenix
Listing Date: 7/12/2024
On Market Date: 1/13/2026
MLS#: 6732075

Features

Utilities

Water Source: City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Roxy Westphal& Elizabeth Erwin My Home Group Real Estate

Listing updated: January 13, 2026

MLS#: 6732075

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.