511 N 10TH Avenue 5, Phoenix, AZ 85007 (MLS# 7030970)

511 N 10TH Avenue 5, Phoenix, AZ 85007

$250,000

Property Type: Land Lot Size (sq. ft.): 6,715 Status: Active

Current Price: $250,000 List Date: 5/20/2026 Last Modified: 6/22/2026

Overview

Description

This vacant 6715+/- square foot residential infill lot presents an outstanding opportunity for developers and investors seeking a well-located site in the heart of Phoenix. Zoned R5/R1. The site supports a range of residential development options, including multi-family configurations, making it an attractive choice for urban housing projects. The property consists of 2 parcels(APN 111-30-031 & 111-30-033), delivering strong value in a rapidly growing market. Its proximity to Grand Avenue enhances accessibility & visibility, while the surrounding neighborhood continues to benefit from ongoing revitalization & investment activity At the intersection of Grand Ave and Polk Street, the property offers excellent connectivity to major thoroughfares and is less than a mile from downtown

Supplements: With its central location along Grand Ave in the Entertainment Arts District, flexible zoning, and development potential, this site is well-suited for builders and investors looking to capitalize on Phoenix's expanding residential demand. Seller financing is available: 25% down, 7% over 30 years with a 5-year balloon. 4% prepayment penalty for t ... (Read more)

Listing Details MLS# 7030970

Location, Tax & Legal

House Number: 511
Compass: N
Street Name: 10TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Country: US
County Code: Maricopa
Assessor Number: 111-30-033
Subdivision: UNIVERSITY ADDITION
Tax Year: 2025

Contract Information

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

General Property Description

Apx Total Acres: 0.08
Apx Total Acres G/N: G
Price Per Acre: 3125000
Apx SqFt: 6715
Price Per SqFt: 37.23
Apx SqFt G/N: G
Lot Size Dimensions: 6715
Horses: N
Zoning: R-5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Kenilworth Elementary School
Jr. High School: Kenilworth Elementary School
High School: Central High School

Remarks Misc

Cross Street: Roosevelt and 7th Ave
Directions: West on Roosevelt, South on 10th Ave to the Property is just South of Fillmore and the East side of 10th Ave

Legal Info

Township: 1N
Range: 3E
Section: 6
Lot Number: 5

Showing Notification Methods

Showing Service: Aligned Showings

More Information

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Single Family; Multi-Family Potential Use: Single Family; Multi-Family Parcel Size: .0 - .24 Acres Current Density: 40+ Units P/Acre Development Status: Raw Land Land Features: North/South Exp Land Configuration: Irregular Shape Traffic Count: Not Available Topography: Level Existing Structures: None Water Source: Other Sewer: No Sewer/Septic Electric: None Gas: None Distance to Cable: Within 1/2 Mile Distance to Phone: Within 1/2 Mile Distance to Water: Within 1/2 Mile Distance to Electric: Within 1/2 Mile Distance to Gas: None Distance to Sewer: Within 1/2 Mile Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; Owner May Carry Seller May Carry (SMC) Payment: Monthly Use Restrictions: Airport Flight Zone Environmental: None Showing Notification Methods: No Notification Required to Show Lockbox Type: None Fencing: None

Listing Office: Real Broker

Last Updated: June - 22 - 2026

511 N 10TH Avenue 5, Phoenix, AZ 85007 (MLS# 7030970)