About This Home
This land at 111 E SOUTHERN Avenue in Phoenix, AZ is listed for $1,675,000 (2.82 acres).
Key Features
- 2.82 acre lot
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..
Location
111 E SOUTHERN Avenue
Phoenix, AZ 85040
Questions & Answers
This 0-bedroom, 0-bathroom land at 111 E SOUTHERN Avenue is listed at $1,675,000. The estimated monthly payment is $8,959 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 2.82 acre lot.
This property is listed by Roxy Westphal and can be reached at 4802414161.
