Prime Development Opportunity in Booming South Phoenix! Don't miss this incredible chance to invest in one of Phoenix's fastest-growing neighborhoods! These two R-5 zoned parcels offer the perfect setup for an 8-unit multifamily development — ideal for builders, investors, or anyone looking to capitalize on the area's rapid growth. Surrounded by brand-new construction and ongoing residential development, this area is bursting with potential. Just minutes from Sky Harbor Airport, downtown Phoenix, and with quick access to the I-10, this location is a commuter's dream. Proximity to South Mountain Park adds lifestyle appeal, making this a hot spot for future tenants. Whether you're planning a long-term hold, new build, or looking for the perfect 1031 exchange Prime Development Opportunity in Booming South Phoenix! Don't miss this incredible chance to invest in one of Phoenix's fastest-growing neighborhoods! These two R-5 zoned parcels offer the perfect setup for an 8-unit multifamily development ideal for builders, investors, or anyone looking to capitalize on the area's rapid growth. Surrounded by brand-new construction and ongoing residential development, this area is bursting with potential. Just minutes from Sky Harbor Airport, downtown Phoenix, and with quick access to the I-10, this location is a commuter's dream. Proximity to South Mountain Park adds lifestyle appeal, making this a hot spot for future tenants. Whether you're planning a long-term hold, new build, or looking for the perfect 1031 exchange this is the kind of opportunity that doesn't come around often.
Parcels: 122-57-003-A & 112-57-005-A
Lot/land
$199,000
2539 E Broadway Rd #12, Phoenix, AZ 85040
--beds
--baths
7,009Square Feet
Land
Built in ----
7,009 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 9 days
- on Zillow |
- 48 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: May 29, 2025 at 10:57am
Listed by:
Zhobin Jawanmardi 602-828-4995,
Compass,
Adam Joffe 602-561-3633,
Compass
Source: ARMLS,MLS#: 6872616

Travel times
Facts & features
Property
Lot
- Size: 7,009 Square Feet
- Topography: Level
- Residential vegetation: Natural Vegetation
Details
- Additional structures: None
- Parcel number: 12257003A
- Zoning: R-5
Utilities & green energy
- Electric: APS
- Sewer: Public Sewer
- Water: City Franchise
Community & HOA
Community
- Subdivision: BROADWAY ESTATES LOTS 1-10, 33-52, 75-94
HOA
- Has HOA: No
Location
- Region: Phoenix
Financial & listing details
- Annual tax amount: $798
- Date on market: 5/29/2025
- Listing terms: Cash
- Electric utility on property: Yes
- Road surface type: Gravel
- Loading