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    1230 Roeser Rd Phoenix, AZ 85040

    Sponsored
    For Sale
    $3,625,000

    4.86 Acres, R-3 Zoning, Infill Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 4.86-acre land parcel presents a remarkable opportunity for residential development in a highly desirable Phoenix location. Situated at 1230 E Roeser Rd, Phoenix, AZ 85040, this property boasts a coveted R-3 Multi-Family zoning designation within the City of Phoenix, eliminating the need for costly impact fees. The APN is 113-53-011. Its strategic location offers unparalleled convenience, placing it just minutes from Downtown Phoenix, Phoenix Sky Harbor International Airport, and major freeways, ensuring easy access to a vibrant urban lifestyle and extensive transportation networks. The site is conveniently located west of the northwest corner of Roeser Road and 16th Street. This infill site presents a unique chance to capitalize on the strong demand for residential housing in this thriving area. The asking price for this exceptional property is $3,625,000. This is a rare opportunity to acquire a substantial land holding in a prime Phoenix location with existing zoning already in place, minimizing development hurdles and maximizing return on investment. Don't miss this chance to secure a piece of Phoenix's burgeoning real estate market.

    Property Features for 1230 Roeser Rd

    General Information

    Property type
    Land
    Lot Size
    211,702 SF

    HighLights

    • $3,625,000 asking price.
    • 4.86‑acre residential land parcel.
    • R‑3 multi‑family zoning, City of Phoenix.
    • Located in Phoenix, AZ, at 1230 E Roeser Rd, 85040.
    • Excellent infill location near Downtown Phoenix, Sky Harbor Airport, and major freeways.
    • No impact fees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0546117
    Latitude
    33.4001413

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    FAQs

    What type of property is this?
    Land - 4.86 Acres, R-3 Zoning, Infill Site
    Where is this land located?
    The property is located at 1230 Roeser Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $3,625,000.
    What are key features of this property?
    This property features: $3,625,000 asking price.; 4.86-acre residential land parcel.; R-3 multi-family zoning, City of Phoenix.
    Request Owner's contact information
    1230 Roeser Rd Phoenix, AZ 85040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1230 Roeser Rd Phoenix, AZ 85040
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