Search

111 E SOUTHERN Avenue -, Phoenix, AZ 85040

$1,675,000
Property Type: Land Lot Size (sq. ft.): 122,926 Status: Active
Current Price: $1,675,000 List Date: 1/13/2026 Last Modified: 1/13/2026

Description

GREAT OPPORUNITY AWAITS!! Seller will carry with substantial down payment. This nearly 3-acre lot is ready for development! Only 10 minutes from downtown Phx and just steps away from the Light Rail!! Currently zoned as R-5. It's ready for your ideas to take shape. Development could include apartments, asst living facilities, dependent care homes,etc.. In a planned residential development, approximately 120 units could be created. Phoenix has an on-going effort to develop the South-Central Transit Overlay District (TOD).More information about the TOD and additional uses are in the documents tab. It also has three incentive zones on it - DDA & QCT for qualifying for HUD grants, and an Opportunity zone. (See photos) The property could potentially be rezoned

Supplements: to C-2, which would allow for Dispensaries, Self or RV/Boat Storage, etc. There is water and sewer to the property. The site will be cleared in approximately 2 months. No access to the property from the south end. Please see the documents tabs for more information..

More Information MLS# 6732075

Contract Information

Type: Exclusive Right To Sell For Sale or Lease?: Sale Current Price: $1,675,000 List Price: $1,675,000 Status: Active List Date: 2024-07-12

Location, Tax & Legal

Lot #: - Assessor's Map #: 2 Legal Description (Abbrev): PT NW4 NE4 BEG 845F E NW COR S 638F N LN SAN FRANCISCO CAN S 75D 13M W 203.75F N 690F E 197F Assessor's Parcel #: 49 Add'l Parcels: No Tax Municipality: Phoenix Census Tract: 116500 Taxes: 13403 House Number: 111 Compass: E Street Name: SOUTHERN St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85040 Zip4: 3041 County Code: Maricopa Assessor Number: 114-02-049 Tax Year: 2023

General Property Description

Apx Total Acres: 2.82 Apx Total Acres G/N: N Price Per Acre: 593971.63 Apx SqFt: 122926 Price Per SqFt: 13.63 Apx SqFt G/N: N Lot Size Dimensions: 10X20X10X30 apx Flood Zone: No Horses: N Elementary School District: Roosevelt Elementary District High School District: Phoenix Union High School District Elementary School: Roosevelt Elementary School Zoning: R5

Legal Info

Range: 3E Section: 32 Township: 1N Lot Number: -

Special Listing Cond

Owner/Agent: 1

Pmt & Rate Info

Equity: 1675000 Total Owed: 0

Assoc/Prop Info

HOA Y/N: N PAD Fee Y/N: N Assessed Balance: 0 HOA 2 Y/N: N

Showing Notification Methods

Showing Service: Aligned Showings No Notification Required to Show: 1

Lockbox Type

None: 1

Existing Land Use

Residential Lot: 1 Commercial Lot: 1

Zoned Presently

Multi-Family: 1

Potential Use

Multi-Family: 1

Parcel Size

2.50 - 4.99 Acres: 1

Water Source

City Franchise: 1

Freeway/Highway

2.1 - 5 Miles: 1

Sewer

Sewer - Public: 1

Electric

APS: 1

Topography

Level: 1

Gas

SW Gas: 1

Distance to Cable

Under 350 Feet: 1

New Financing

Cash: 1

Distance to Phone

Under 350 Feet: 1

Distance to Water

On Property: 1

Distance to Electric

On Property: 1

Distance to Gas

None: 1

Distance to Sewer

On Property: 1

Reports/Disclosures

Archeological Site: 1

Environmental

None: 1

Remarks Misc

Cross Street: S Central Ave and E Southern Ave Directions: From 7th Street, West on Southern. Lot is on the South Side of the road, just to the left of the Insurance company. Geo Lat: 33.391261 Geo Lon: -112.070888

Property Features

Special Listing Cond: Owner/Agent Existing Land Use: Residential Lot; Commercial Lot Zoned Presently: Multi-Family Potential Use: Multi-Family Parcel Size: 2.50 - 4.99 Acres Topography: Level Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: On Property Distance to Electric: On Property Distance to Gas: None Distance to Sewer: On Property New Financing: Cash Environmental: None Showing Notification Methods: No Notification Required to Show Lockbox Type: None
Listing Office: My Home Group Real Estate
IDX
Last Updated: January - 13 - 2026
Broker Attribution: roxygirlsonfireaz@gmail.com

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.