764 W Broadway Road Unit 2, Phoenix, AZ 85041
- $229,000
- List Price
- $229,000
- Price Change
- ▼ $1,000 1785128411
- Days on Market
- 163
- Status
- ACTIVE
- MLS#
- 6988188
- City
- Phoenix
- Lot Size
- 22,774
- Subdivision
- Broadway Gardens 1 Thru 9
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.
Additional Information
- Elementary School
- Cesar E Chavez Community School
- High School
- Phoenix Coding Academy
- Middle School
- Cesar E Chavez Community School
- Acres
- 0.52
- Electric
- City Electric
- Lot Size
- 22,774
- New Financing
- Cash, Conventional
- Subdivision
- Broadway Gardens 1 Thru 9
- Taxes
- $1,386
- Tax Year
- 2025
- Water
- Other
- Zoning
- R-5
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Listing courtesy of ARRT of Real Estate.