Herron / Korn and Company
Herron / Korn and Company
Isabel Herron, Herron / Korn and CompanyPhone: (480) 342-8388
Email: [email protected]
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listing
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LandFor Sale
$1,990,000
111 E Southern Avenue
Phoenix, AZ 85040
Listed by: My Home Group Real Estate, [email protected]
MLS: Arizona Regional MLS
122,926Sq Ft
Est. Mortgage
$10,372/mo

GREAT OPPORUNITY AWAITS!! 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, hospice centers or group homes. In a planned residential development, approximately 120 units could be created. Mini-apartments could potentially include more units. 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 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..

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Information courtesy of My Home Group Real Estate is subject to verification and is not guaranteed.
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