764 W BROADWAY Road 2, Phoenix, AZ 85041

Property Description

Prime Development Opportunity - Two Adjacent Lots | Endless Potential. 2 LOTS- Each lot is offered at $250,000 Rare opportunity to acquire two separate parcels totaling approximately 1 acre when combined! Each lot is offered at $250,000, presenting investors and developers the flexibility to purchase individually or together for expanded possibilities. Currently zoned R-5 (Multi-Family Residential), this property already offers strong development potential. Even more exciting -- the previous owner initiated the rezoning process to C-2, opening the door to an even wider range of commercial and mixed-use opportunities (buyer to verify with the city). Why This Property Stands Out:  Two parcels - buy one or both  Approx. 1 acre combined  Current R-5 zoning (multi-family potential)  Rezoning process toward C-2 previously started  High-growth area with strong demand  Ideal for developers, builders, or long-term investors With multi-family, mixed-use, or potential commercial flexibility, this property offers tons of upside and future value appreciation. Whether you're looking to build residential units, explore commercial development, or secure land in a growing corridor -- this is a strategic acquisition. Opportunities like this don't come around often. Secure one lot or maximize your footprint with both.

Listing Status:

Active

Date Added:

February 22, 2026

Data Last Updated:

April 5, 2026 at 4:08PM

Listing Office:

ARRT of Real Estate : 480-300-7776

Listing Agent:

Anastasia Plesco : 480-300-2879

MLS ID:

6988188

Location

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

Lot

• Zoning: R-510556002A

Utilities

• Water: Other
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2