Development Potential on Spacious
For Sale
$142,500
2123 West Elm Street, Phoenix, AZ 85015
Large lot with development potential near schools and amenities.
Property Size6,645 SF
Lot Size0.15 Acres
Price / SF$21.44
Days on Market117
Property Features for 2123 West Elm Street
General Information
Standard status
Active
Size
6,645 SF
Lot size
0.15 Acres
Property subtype
Land
Zoning
R 1-6
Amenities
Chain Link, Partial
No
Listing Agency:
Delex Realty
(623) 680-4474
Listed By:
Peggy A Phillips · License #SA039936000
(623) 680-4474
Source:
Compass
Added: Apr 28
Changed: Aug 8
Last Checked: Jul 16 at 6:42AM
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 Delex Realty
Investment Insights
Based on property information with market context.
This spacious, level 49' x 135' lot offers outstanding development potential. The current zoning allows up to 50% lot coverage, plus an additional 10% for an Accessory Dwelling Unit (ADU) or attached structures, for a total allowable building coverage of approximately 3,987 square feet across both dwellings. Main residence setbacks are 20' front, 10' side, 3' interior side, and 25' rear. ADU setbacks are 3' side and rear with a 15' height limit. The ADU size may be up to 75% of the main residence or 1,000 square feet, whichever is less. A potential layout supports a main home up to approximately 36' wide, ideal for a design of garage, kitchen, and great room on the main level with bedrooms and laundry upstairs. A topographic survey, boundary survey, and corner staking have been completed. Utilities are readily available, including a Phoenix water meter at the northwest corner, a sewer stub centered on the property, an SRP power pole located in the rear easement, and Southwest Gas available in the street. The location is excellent, just down the street from an elementary school, with quick access to I-17, nearby shopping and amenities, and close proximity to Grand Canyon College and Phoenix College. This presents a great opportunity for builders, investors, or owner-occupants looking to maximize lot potential.
Key Highlights
- Outstanding development potential with zoning allowing up to 3,987 sq ft building coverage across multiple dwellings.
- Spacious level 49' x 135' lot.
- Utilities readily available: Phoenix water meter, sewer stub, SRP power pole, and Southwest Gas.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 85015, AZ
41,436
Population
17,889
Households
2.3
Avg Household Size
33
Median Age
25%
College-Educated
78%
High-School Grad
4.9 sq mi
ZIP Area
8,456
Density / Sq Mi
$52,585
Median Household Income
$36,456
Median Earnings
$1,227
Median Rent
$312,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large lot with development potential near schools and amenities.
Where is this residential land & home lot located?
The property is located at 2123 West Elm Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $142,500.
What are key features of this property?
This property features: Outstanding development potential with zoning allowing up to 3,987 sq ft building coverage across multiple dwellings.; Spacious level 49' x 135' lot.; Utilities readily available: Phoenix water meter, sewer stub, SRP power pole, and Southwest Gas.
