Listing Agency: My Home Group Real Estate a***@myhomegroup.com Show Phone

Listed By: Daniel Brown · License #SA586198000 Show Phone

Source: Exprealty

Added: Jan 3, 2025 Changed: Oct 26 Last Checked: Oct 26 at 6:09PM

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Investment Insights

Based on property information with market context.

This commercial land parcel includes existing residential buildings and is zoned for high-density, multifamily development. Approved site plans provide for seven to fourteen 3-story townhomes with a shared common area. The proposed units are designed with 2 bedrooms, 2.5 baths, a tandem 2-car garage, and a balcony.

The property is near the light rail expansion in South Phoenix and lies between South Mountain Park and downtown Phoenix. Access to both I-10 and I-17 supports travel across the valley, with shopping, dining, events, and outdoor recreation in the surrounding area.

Key Highlights

• Approved plans for seven to fourteen 3‑story townhomes
• High‑density multifamily zoning
• Proposed units include 2 bedrooms, 2.5 baths, tandem 2‑car garages, and balconies

Property Analytics

Suggested Use

Top Pick Dental Office Nail Salon (Bike/Boat/Book/etc) Store Hair Salon Tanning Salon Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,322

Businesses Nearby

Explore this area Business Placement

Demographics for 85034, AZ

5,033

Population

2,901

Households

1.7

Avg Household Size

32

Median Age

32%

College-Educated

81%

High-School Grad

11.6 sq mi

ZIP Area

434

Density / Sq Mi

$53,545

Median Household Income

$43,236

Median Earnings

$1,205

Median Rent

$397,400

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - High-density multifamily zoning accompanies approved plans for a townhome community.

Where is this commercial land located?

The property is located at 48-3638 S 12th St Phoenix, AZ.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Approved plans for seven to fourteen 3‑story townhomes; High‑density multifamily zoning; Proposed units include 2 bedrooms, 2.5 baths, tandem 2‑car garages, and balconies