Rare opportunity to own a well-maintained home on more than 22,000 square feet of R5-zoned land in the heart of Phoenix. This 3-bedroom, 1-bath home offers over 1,400 square feet of living space, a new roof, and a newer HVAC system installed approximately one year ago.The oversized lot and R5 zoning create opportunities seldom found in the area. R5 zoning allows for high-density residential development and certain restricted commercial uses, making the property attractive for future multifamily development, live/work opportunities, office uses, or long-term investment potential. Buyers are encouraged to verify development standards, density allowances, and permitted uses with the City of Phoenix.The property may appeal to homeowners seeking additional space, investors, developers... ...contractors, landscapers, and small business owners. According to the owner, the property previously operated as a dentist office, further demonstrating the flexibility and potential uses of the site.Ideally located near the Central Avenue light rail corridor, downtown Phoenix, and Sky Harbor Airport, the property offers convenient access to major employment centers, transportation, dining, shopping, and entertainment.Whether you are looking for a home, a business opportunity, a live/work property, or future development potential, this unique property offers possibilities rarely found in todays market. Opportunities like this do not come along often, and buyers are encouraged to explore the many possibilities this property provides.
Listed By
Agency Name: eXp Realty
Agency Phone: 888-897-7821
Shown By
Agency Title: Cindy Nelson - Realty One Group
Agency Phone: 480-535-0060
Estimated Payment
$ 3,883.16 per month $3,596.78 Principal & Interest $111.67 Property Tax $174.71 Homeowner's Insurance
502 W Southern Avenue | MLS# 7046642
This single family home located at 502 W Southern Avenue, Phoenix, AZ 85041 is currently listed for sale with an asking price of $599,000. This property was built in 1934 and has 3 bedrooms with 1413 sq. ft. W Southern Avenue is located in the n-a subdivision within the Phoenix Union High School District school district. Search N-a real estate on www.cindynelsonazrealtor.com today.