111 E SOUTHERN Avenue -, Phoenix, AZ 85040

Property 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..

Listing Status:

Active

Date Added:

January 13, 2026

Data Last Updated:

July 6, 2026 at 7:08AM

Listing Office:

My Home Group Real Estate : 480-685-2760

Listing Agent:

Roxy Westphal : 480-241-4161

MLS ID:

6732075

Location

• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Roosevelt Elementary District
• County: Maricopa

Lot

• Topography: Level
• Zoning: R511402049

Utilities

• Water: City Franchise
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2