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Vacant Land on Broadway Road
For Sale
$640,000

2804 East Broadway Road, Phoenix, AZ 85040

Vacant land in Phoenix Opportunity Zone, multi-family high density.

Property Size38,534 SF
Lot Size0.89 Acres
Price / SF$16.61
Days on Market163

Property Features for 2804 East Broadway Road

General Information

Standard status Active
Size 38,534 SF
Lot size 0.89 Acres
Property subtype Land
Zoning R-5

Taxes and HOA fees

Annual Taxes $1,425

Amenities

No
Listing Agency: HomeSmart
Listed By: Orfe Kelly · License #SA580075000
Source: Compass
Added: Mar 13 Changed: Aug 8 Last Checked: Jul 16 at 3:24AM

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 HomeSmart

Investment Insights

Based on property information with market context.

This vacant land, located at the northeast corner of Broadway Road and 28th Street, presents an opportunity for development. The listing comprises four parcels zoned R-5 Multi-family High Density, allowing up to 43.5 units per acre. The property features 275 feet of frontage on Broadway Road and 145.2 feet of frontage on 28th Street. Situated within a City of Phoenix Opportunity Zone, this land offers potential tax benefits for investors. The property size is 38534 square feet.

Key Highlights

  • Zoned R‑5 Multi‑family High Density (Up to 43.5 units per acre)
  • Located in a City of Phoenix Opportunity Zone offering tax benefits
  • Composed of four parcels

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Pharmacy Nail Salon Spa & Massage Center

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

565
Businesses Nearby

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Vacant land in Phoenix Opportunity Zone, multi-family high density.
Where is this residential land & home lot located?
The property is located at 2804 East Broadway Road Phoenix, AZ.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Zoned R‑5 Multi‑family High Density (Up to 43.5 units per acre); Located in a City of Phoenix Opportunity Zone offering tax benefits; Composed of four parcels
More about this property
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