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
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

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
No Notification Required to Show
Yes

More Information

Special Listing Cond

Owner/Agent
Yes

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

Lockbox Type

None
Yes

Existing Land Use

Residential Lot
Yes
Commercial Lot
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Multi-Family
Yes

Parcel Size

2.50 - 4.99 Acres
Yes

Water Source

City Franchise
Yes

Freeway/Highway

2.1 - 5 Miles
Yes

Sewer

Sewer - Public
Yes

Electric

APS
Yes

Topography

Level
Yes

Gas

SW Gas
Yes

Distance to Cable

Under 350 Feet
Yes

New Financing

Cash
Yes

Distance to Phone

Under 350 Feet
Yes

Distance to Water

On Property
Yes

Distance to Electric

On Property
Yes

Distance to Gas

None
Yes

Distance to Sewer

On Property
Yes

Reports/Disclosures

Archeological Site
Yes

Environmental

None
Yes

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
IDX
Listing Office: My Home Group Real Estate
Last Updated: January - 13 - 2026
Broker Attribution: roxygirlsonfireaz@gmail.com

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