Courtesy of ARRT of Real Estate
Property Description
Prime Development Opportunity – Two Adjacent Lots Endless Potential. 2 LOTS- Each lot is offered at $250,000 Rare opportunity to acquire two separate parcels totaling approximately 1 acre when combined! Each lot is offered at $250,000, presenting investors and developers the flexibility to purchase individually or together for expanded possibilities. Currently zoned R-5 (Multi-Family Residential), this property already offers strong development potential. Even more exciting — the previous owner initiated the rezoning process to C-2, opening the door to an even wider range of commercial and mixed-use opportunities (buyer to verify with the city). Why This Property Stands Out: Two parcels – buy one or both Approx. 1 acre combined Current R-5 zoning (multi-family potential) Rezoning process toward C-2 previously started High-growth area with strong demand Ideal for developers, builders, or long-term investors With multi-family, mixed-use, or potential commercial flexibility, this property offers tons of upside and future value appreciation. Whether you’re looking to build residential units, explore commercial development, or secure land in a growing corridor — this is a strategic acquisition. Opportunities like this don’t come around often. Secure one lot or maximize your footprint with both.
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Property Details and Features
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Listing
- Listing ID: 6988188
- Standard status: Active
- 68 days on market
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Location
- Subdivision name: BROADWAY GARDENS 1 THRU 9
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Lot
- 0.52 acres
- 22,774 sqft
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Property
- View: “City”, “Desert”
- Zoning: R-5
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Schools
- Elementary school: Cesar E Chavez Community School
- High school: Phoenix Coding Academy
- High school district: Phoenix Union High School District
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Sewer
- “Public Sewer”
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Taxes
- Annual amount: $1,386
- Lot: 2
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Utilities
- “City Electric”
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This content last updated on May 1, 2026 4:27PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.