#6791818, Colin Kreager, Listing Office: ABI Multifamily
111 E Southern Ave - Unit Phoenix, AZ 85040
Property details
About 111 E Southern Ave -
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..
Highlights
Summary
- MLS Number: 6732075
- MLS Name: Arizona Regional Multiple Listing Service 2
- Office Name: My Home Group Real Estate
- Office Phone: (480) 685-2760
- Office Email: roxygirlsonfireaz@gmail.com
- Listing Agent: Roxy Westphal, Elizabeth Erwin
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Last updated on: 2/6/2025, 6:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,990,000
111 E Southern Ave -
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Price information
Property sales
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Tax history
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Nearby schools
3
Asu Preparatory Academy - South Phoenix Intermediate School
Public Charter 3-6
0.3 mi
•5610 S Central Ave
5
Reyes Maria Ruiz Leadership Academy
Public Charter KG-6
0.7 mi
•4848 S 2nd St
1
John F. Kennedy Elementary School
Public District PK-3
1.0 mi
•6825 S 10th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,500. The majority of Unit Phoenix, AZ residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 111 E Southern Ave -
This home is located at 111 E Southern Ave - in Unit Phoenix, AZ and zip code 85042 in the South Mountain neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 17, 2024 and is currently priced at $1,990,000.
While more than 128 listings in Unit Phoenix, AZ in January 2025 were sold above asking price, there were more than 242 listings sold at asking price, and more than 583 were sold below. The inventory of homes for sale in Unit Phoenix, AZ between December and January 2025 increased by 12.9%. In January 2025 median list price was $455,485 and the average listing age was 74 days.