$589,000
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 today's market. Opportunities like this do not come along often, and buyers are encouraged to explore the many possibilities this property provides.
3
Beds
⋅
1
Baths
⋅
7046642
MLS
⋅
ACTIVE
Status
⋅
0.52
Acres
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85041
Zip Code
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1,413
SqFt.
502 W Southern Avenue, Phoenix
