Development Land for Up to 14
For Sale
$399,000
1608 West Sherman Street Unit 4, Phoenix, AZ 85007
Land parcel available for residential development, currently used for storage and previously configured as two lots.
Property Size14,159 SF
Price / SF$28.18
Days on Market87
Property Features for 1608 West Sherman Street Unit 4
General Information
Standard status
Active
Size
14,159 SF
Property subtype
Land
Zoning
R5
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$868
Amenities
Chain Link
No
Listing Agency:
Ivy Realty
(623) 204-5454
Listed By:
Emily Weaver · License #SA668881000
(623) 204-5454
Source:
Compass
Added: May 28
Changed: Aug 8
Last Checked: Jul 20 at 1:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ivy Realty
Investment Insights
Based on property information with market context.
This development land parcel was formerly two separate lots with single-family homes and could be split again for two SFR projects. It is also described as suitable for an apartment or condo project up to 14 units. The property is currently being rented for storage at $1,100 monthly.
The lot is located right off downtown Phoenix and is approximately 2 miles from downtown, with close proximity to the airport. Properties to the north are referenced as zoned C-3 commercial lots, and the remarks note that rezoning may be available.
The asset is offered for sale as a land opportunity with existing flexibility based on its prior lot configuration and potential development paths described in the remarks.
The lot is located right off downtown Phoenix and is approximately 2 miles from downtown, with close proximity to the airport. Properties to the north are referenced as zoned C-3 commercial lots, and the remarks note that rezoning may be available.
The asset is offered for sale as a land opportunity with existing flexibility based on its prior lot configuration and potential development paths described in the remarks.
Key Highlights
- Land parcel currently rented for storage at $1,100 per month
- Previously configured as two separate lots with single‑family homes; could be split again for 2 SFR projects
- Suitable for apartment or condo development up to 14 units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 85007, AZ
14,442
Population
5,981
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
81%
High-School Grad
4.6 sq mi
ZIP Area
3,140
Density / Sq Mi
$55,833
Median Household Income
$43,375
Median Earnings
$1,079
Median Rent
$447,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land parcel available for residential development, currently used for storage and previously configured as two lots.
Where is this residential land & home lot located?
The property is located at 1608 West Sherman Street Unit 4 Phoenix, AZ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Land parcel currently rented for storage at $1,100 per month; Previously configured as two separate lots with single‑family homes; could be split again for 2 SFR projects; Suitable for apartment or condo development up to 14 units
