2804 E BROADWAY Road -, Phoenix, AZ 85040 (MLS# 7038862)

2804 E BROADWAY Road -, Phoenix, AZ 85040

$640,000

Property Type: Land Lot Size (sq. ft.): 38,534 Status: Active

Current Price: $640,000 List Date: 6/08/2026 Last Modified: 6/08/2026

Overview

Description

Exceptional development opportunity at the highly visible northeast corner of Broadway Road and 28th Street in Phoenix. This offering consists of four parcels totaling a prime infill site with approximately 275 feet of frontage along Broadway Road and 145.2 feet of frontage on 28th Street, providing outstanding exposure and accessibility. Zoned R-5 Multi-Family High Density, allowing up to 43.5 units per acre, the property presents significant potential for apartment, townhome, or other residential development. Strategically located within a designated City of Phoenix Opportunity Zone, offering potential tax advantages for qualified investors. Rare combination of zoning, frontage, visibility, and location in the heart of a rapidly evolving urban corridor.

Listing Details MLS# 7038862

Location, Tax & Legal

House Number: 2804
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Country: US
County Code: Maricopa
Assessor Number: 122-17-040-A
Subdivision: CAREFREE HOMES BLK 8
Tax Year: 2022
Lot #: -
Assessor's Map #: 17
Legal Description (Abbrev): CAREFREE HOMES MCR 29-18 LOT 26 SE4 & S2 LOT 24 BLK 7 EX S 7F
Assessor's Parcel #: 40
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 115200
Taxes: 1425

Contract Information

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

General Property Description

Apx Total Acres: 0.88
Apx Total Acres G/N: G
Price Per Acre: 727272.73
Apx SqFt: 38534
Price Per SqFt: 16.61
Apx SqFt G/N: G
Lot Size Dimensions: irregular
Horses: N
Zoning: R-5
Flood Zone: No
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 28th St & Broadway
Directions: Land is on NE corner of Broadway Rd and 28th Street.

Legal Info

Township: 1N
Range: 3E
Section: 23
Lot Number: -

Showing Notification Methods

Showing Service: Aligned Showings

More Information

Special Listing Cond

Probate/Estate: Yes

Pmt & Rate Info

Equity: 640000
Total Owed: 0

Assoc/Prop Info

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

Lockbox Type

None: Yes

Existing Land Use

Residential Lot: Yes
Residential Acreage: Yes

Zoned Presently

Multi-Family: Yes

Parcel Size

.50 - .99 Acres: Yes

Current Density

40+ Units P/Acre: Yes

Proposed Density

40+ Units P/Acre: Yes

Development Status

Raw Land: Yes

Land Features

North/South Exp: Yes

View

City Lights: Yes
Mountain(s): Yes

Elevation

1,001 - 2,000 Ft: Yes

Elevation Source

USGS: Yes

Vegetation

Natural Vegetation: Yes

Land Configuration

Square Rectangular: Yes

Road Surface Type

Asphalt: Yes

Road Responsibility

City Maintained Road: Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Sewer

Sewer - Public: Yes

Electric

SRP: Yes

Topography

Level: Yes

Gas

SW Gas: Yes

Existing Structures

None: Yes

Distance to Cable

Under 350 Feet: Yes

New Financing

Cash: Yes
Conventional: Yes

Distance to Phone

Under 350 Feet: Yes

Distance to Water

Under 350 Feet: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

On Property: Yes

Existing 1st Loan Type

Not Applicable: Yes

Distance to Gas

Under 350 Feet: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Distance to Sewer

Under 350 Feet: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Other Loan

Not Applicable: Yes

Property Features

Special Listing Cond: Probate/Estate Existing Land Use: Residential Lot; Residential Acreage Zoned Presently: Multi-Family Parcel Size: .50 - .99 Acres Current Density: 40+ Units P/Acre Proposed Density: 40+ Units P/Acre Development Status: Raw Land Land Features: North/South Exp View: City Lights; Mountain(s) Elevation: 1,001 - 2,000 Ft Elevation Source: USGS Vegetation: Natural Vegetation Land Configuration: Square Rectangular Road Surface Type: Asphalt Road Responsibility: City Maintained Road Traffic Count: 35,001 to 50,000 Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public Electric: SRP Gas: SW Gas Distance to Cable: Under 350 Feet Distance to Phone: Under 350 Feet Distance to Water: Under 350 Feet Distance to Electric: On Property Distance to Gas: Under 350 Feet Distance to Sewer: Under 350 Feet Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional Environmental: None Lockbox Type: None Fencing: None

Listing Office: HomeSmart

Last Updated: June - 08 - 2026

2804 E BROADWAY Road -, Phoenix, AZ 85040 (MLS# 7038862)