MLS# 6988188 – 764 W Broadway Road Unit 2, Phoenix, AZ 85041

Price: $245,000
Lot Size Acres: 0.52
Lot Size SqFt: 22,774
Status: Active
Property Type: Land
Days on Website: 68

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

  • Listing
  • Listing ID: 6988188
  • Standard status: Active
  • 68 days on market
  • Location
  • Subdivision name: BROADWAY GARDENS 1 THRU 9
  • Lot
  • 0.52 acres
  • 22,774 sqft
  • Property
  • View: “City”, “Desert”
  • Zoning: R-5
  • Schools
  • Elementary school: Cesar E Chavez Community School
  • High school: Phoenix Coding Academy
  • High school district: Phoenix Union High School District
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $1,386
  • Lot: 2
  • Utilities
  • “City Electric”

Property Map

$245,000 – 764 W Broadway Road Unit 2, Phoenix, AZ 85041

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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.