111 E SOUTHERN Avenue -, Phoenix, AZ 85040 (MLS# 6732075)

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

Overview

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..

Listing Details MLS# 6732075

Location, Tax & Legal

House Number: 111
Compass: E
Street Name: SOUTHERN
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 3041
Country: US
County Code: Maricopa
Assessor Number: 114-02-049
Tax Year: 2023

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

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
Horses: N
Zoning: R5
Flood Zone: No
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Roosevelt Elementary School

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.

Legal Info

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

Showing Notification Methods

Showing Service: Aligned Showings

More Information

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

Last Updated: January - 13 - 2026

Broker Attribution: roxygirlsonfireaz@gmail.com

111 E SOUTHERN Avenue -, Phoenix, AZ 85040 (MLS# 6732075)