Phoenix Land Ready for
For Sale
$1,675,000
111 E SOUTHERN Avenue, Phoenix, AZ 85040
LAND - Phoenix, AZ
Property SizeContact for details
Lot Size2.82 Acres
Days on Market771
Property Features for 111 E SOUTHERN Avenue
General Information
Property type
Land
Property subtype
Other
Zoning
R5
Elementary school
Roosevelt Elementary School
Elementary school district
Roosevelt Elementary District
Middle school district
Phoenix Union High School District
High school district
Phoenix Union High School District
Directions
From 7th Street, West on Southern. Lot is on the South Side of the road, just to the left of the Insurance company.
Standard status
Active
APN
114-02-049
Lot size
2.82 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PT NW4 NE4 BEG 845F E NW COR S 638F N LN SAN FRANCISCO CAN S 75D 13M W 203.75F N 690F E 197F
Tax Annual Amount
13403
Legal Description
PT NW4 NE4 BEG 845F E NW COR S 638F N LN SAN FRANCISCO CAN S 75D 13M W 203.75F N 690F E 197F
Utilities
Sewer type
Public Sewer
Listing Agency:
My Home Group Real Estate
(480) 685-2760
Listed By:
Roxy Westphal · License #SA669207000
(480) 241-4161
Added: Jul 12, 2024
Changed: Aug 3
Last Checked: Aug 21 at 11:06AM
MLS# 6732075
Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This nearly 3-acre lot in Phoenix, Arizona, is available for development. Located approximately 10 minutes from downtown Phoenix and steps away from the Light Rail, the property is currently zoned as R-5, allowing for development of apartments, assisted living facilities, and dependent care homes. A planned residential development could potentially yield approximately 120 units. The property is located within the South-Central Transit Overlay District (TOD), and additional information about the TOD and potential uses can be found in the documents tab. The site also includes three incentive zones: a DDA, a QCT for qualifying for HUD grants, and an Opportunity Zone. There is potential to rezone the property to C-2, which would allow for dispensaries, self-storage, or RV/boat storage. Water and sewer services are available to the property. The site is planned to be cleared in approximately 2 months. Access to the property is not available from the south end.
Key Highlights
- Seller financing available with substantial down payment.
- Development potential for approximately 120 units in a planned residential development.
- Prime location:** 10 minutes from downtown Phoenix and steps from the Light Rail.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Land - Nearly 3-acre lot near downtown Phoenix and Light Rail.
Where is this land located?
The property is located at 111 E SOUTHERN Avenue Phoenix, AZ.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Seller financing available with substantial down payment.; Development potential for approximately 120 units in a planned residential development.; Prime location:** 10 minutes from downtown Phoenix and steps from the Light Rail.
