111 E SOUTHERN Avenue -, Phoenix AZ 85040
$1,675,000
Brokerage: Ivy Realty(623) 299-4954
1 / 4Home facts
- Price
- $1,675,000
- Status
- Active
- Baths
- 0
- Lot
- 122,926 sq ft
- Type
- C
- Pool
- No
- Water
- City Franchise
- Sewer
- Public Sewer
- HOA
- None
- MLS #
- 6732075
Listed by My Home Group Real Estate · 480-685-2760
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
GREAT OPPORUNITY AWAITS!! Seller will carry with substantial down payment. 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,etc.. In a planned residential development, approximately 120 units could be created. 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
Features
Sewer
Public Sewer
Electric
APS
WaterSource
City Franchise
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Jan 13, 2026 | Status | Expired → Active |
| Jan 13, 2026 | Status | Active → Expired |
| Dec 7, 2025 | Price | $1,750,000 → $1,675,000 |
| Jun 17, 2025 | Price | $1,990,000 → $1,750,000 |
| Jun 2, 2025 | Status | Pending → Active |
| Mar 13, 2025 | Status | Active → Pending |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).