121 South Mountain Ave Phoenix, AZ 85042
- Land
Current Use by Public Records
- Land
Property Details for 121 South Mountain Ave
- Property type
- Land
Description
This exceptional 28,750 square foot commercial and residential land parcel, located at 121 East South Mountain Avenue in Phoenix, Arizona (zip code 85042, APN 300-45-004E), presents a unique investment opportunity. Zoned R1-6 by the City of Phoenix, this rectangular lot is approved for the development of eight residential units, making it ideal for builders or investors seeking a straightforward project with significant upside. Priced at $600,000, or $21 per square foot, this property offers an attractive land value. Its convenient location offers easy access to the planned light rail station at Central and Baseline, providing future residents with excellent public transportation options. Furthermore, its proximity to the South Mountain Recreation Area adds to its appeal, offering residents access to outdoor recreational activities. The lot's rectangular shape simplifies development, minimizing design complexities and potentially reducing construction costs. This infill location is poised for significant appreciation due to its proximity to planned infrastructure improvements and the ongoing redevelopment of the surrounding area. Don't miss this chance to acquire a highly desirable and easily developable parcel in a rapidly growing Phoenix neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.072
- Latitude
- 33.3702
