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..
Property Details
Property Features
Listing Office:
Office Name: My Home Group Real Estate
Office Phone: (480) 685-2760
Listing Agent: Roxy Westphal, Elizabeth Erwin
Lot Features
Lot Information:
Lot Size: 2.82 Acres
Other
Directions Information:
Directions: From 7th Street, West on Southern. Lot is on the South Side of the road, just to the left of the Insurance company.
Price Information
Listing Price Info
Price Summary:
List Price: $1,990,000
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
3
/10
Asu Preparatory Academy - South Phoenix Intermediate School
5610 S Central Ave
Distance between this listing and this school0.28 miles
Public Charter Grades 3-6
5
/10
Reyes Maria Ruiz Leadership Academy
4848 S 2nd St
Distance between this listing and this school0.69 miles
Public Charter Grades KG-6
1
/10
John F. Kennedy Elementary School
6825 S 10th St
Distance between this listing and this school0.95 miles
Public District Grades PK-3
Nearby Schools
2
/10
Sunland Elementary School
5401 S 7th Ave
Distance between this listing and this school0.72 miles
Public District Grades KG-8
3
/10
V. H. Lassen Elementary School
909 W Vineyard Rd
Distance between this listing and this school0.98 miles
Public District Grades KG-8
2
/10
C. O. Greenfield School
7009 S 10th St
Distance between this listing and this school1.04 miles
Public District Grades 4-8
Nearby Schools
2
/10
The Academies at South Mountain High School
5401 S 7th St
Distance between this listing and this school0.62 miles
Public District Grades 9-12
3
/10
Nfl Yet College Preparatory Academy
4848 S 2nd St
Distance between this listing and this school1.17 miles
Public Charter Grades 7-12
4
/10
Asu Preparatory Academy - South Phoenix High School
4445 S 12th St
Distance between this listing and this school1.27 miles
The neighbors living near this home have an average income of $61,500. Typical income of Phoenix, AZ residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 111 E Southern Ave -
What is the listing price of this property?
The listing price of 111 E Southern Ave - property is $1,990,000.
What type of property is this?
The property 111 E Southern Ave - is land located in Unit Phoenix, Arizona, 85040.
Is this property for sale now?
Active Listing: 111 E Southern Ave - is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 111 E Southern Ave - is 2.82 acres.
Interested in 111 E Southern Ave -? Let's connect.
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This home is located at 111 E Southern Ave - in Unit Phoenix, AZ and zip code 85040 in the South Mountain neighborhood. This home sits on a 2.82 acre lot. It has been listed on Rocket Homes since July 17, 2024 and is currently priced at $1,990,000.
In October 2024 more than 250 listings in Phoenix, AZ were sold above the asking price. During the same period more than 344 listings were sold at asking price, while more than 697 were sold below. The number of listings in Phoenix, AZ increased by 7.5% between September 2024 and October 2024. In October 2024, listings were on the market for 62 days. During the same period, the median list price in this real estate market was $450,977.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 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. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
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