Two Adjacent Development
For Sale
$230,000
764 W BROADWAY Road 2, Phoenix, AZ 85041
Two adjacent lots are currently zoned R-5, with a previously initiated rezoning process toward C-2.
Property SizeContact for details
Lot Size1.00 Acre
Days on Market158
Property Features for 764 W BROADWAY Road 2
General Information
Standard status
Active
Lot size
1.00 Acre
Property subtype
Lots/Land
Zoning
R-5
Taxes and HOA fees
Annual Taxes
$1,386
Listing Agency:
ARRT of Real Estate
(480) 300-2879
Listed By:
Anastasia Plesco · License #BR695947000
(480) 300-2879
Source:
Exitrealty
Added: Mar 7
Changed: Aug 8
Last Checked: Jun 27 at 5:50PM
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 ARRT of Real Estate
Investment Insights
Based on property information with market context.
This offering includes two adjacent development lots, each being offered as a separate parcel, giving buyers flexibility to purchase one lot or both. The combined site totals approximately one acre when acquired together, making it well suited for projects that require a larger footprint.
The property is currently zoned R-5 (Multi-Family Residential). The previous owner initiated the rezoning process toward C-2; buyers should verify the rezoning status and final approvals with the City. The site is located at 764 W BROADWAY Road 2 in Phoenix, Arizona 85041.
For developers and long-term investors, the existing R-5 zoning and the started move toward C-2 provide a clear pathway to explore multi-family and potentially broader commercial or mixed-use development options, subject to City requirements.
The property is currently zoned R-5 (Multi-Family Residential). The previous owner initiated the rezoning process toward C-2; buyers should verify the rezoning status and final approvals with the City. The site is located at 764 W BROADWAY Road 2 in Phoenix, Arizona 85041.
For developers and long-term investors, the existing R-5 zoning and the started move toward C-2 provide a clear pathway to explore multi-family and potentially broader commercial or mixed-use development options, subject to City requirements.
Key Highlights
- Two adjacent lots offered separately at $250,000 each
- Current zoning is R‑5 (multi‑family residential) on both lots
- Rezoning toward C‑2 (previously initiated by the prior owner; buyer to verify with the city)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 85041, AZ
64,639
Population
19,729
Households
3.3
Avg Household Size
31
Median Age
19%
College-Educated
76%
High-School Grad
16.0 sq mi
ZIP Area
4,040
Density / Sq Mi
$70,555
Median Household Income
$40,006
Median Earnings
$1,612
Median Rent
$310,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two adjacent lots are currently zoned R-5, with a previously initiated rezoning process toward C-2.
Where is this residential land & home lot located?
The property is located at 764 W BROADWAY Road 2 Phoenix, AZ.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two adjacent lots offered separately at $250,000 each; Current zoning is R‑5 (multi‑family residential) on both lots; Rezoning toward C‑2 (previously initiated by the prior owner; buyer to verify with the city)
