85040 Land for Sale

Welcome to the vibrant heart of Phoenix, Arizona, where the 85040 zip code invites you to explore a unique blend of urban convenience and natural beauty. Nestled within Maricopa County, this area is a hidden gem that offers an array of opportunities for both homebuyers and investors.

The 85040 zip code boasts an impressive selection of land for sale, perfect for those looking to build their dream home or invest in a promising property. With expansive lots and a variety of zoning options, the possibilities are limitless. Imagine designing a custom oasis that reflects your personal style, all while being surrounded by the stunning desert landscape and breathtaking mountain views.

Convenience is key in this thriving Phoenix neighborhood. Residents enjoy easy access to major highways, making commutes a breeze, and a plethora of shopping, dining, and entertainment options are just around the corner. Outdoor enthusiasts will appreciate the proximity to numerous parks and recreational areas, where you can hike, bike, or simply soak in the Arizona sun.

The 85040 area is also known for its friendly community vibe and diverse culture, making it an ideal place to call home. Whether you’re looking to invest in land for future development or seeking a serene spot to build your sanctuary, this zip code offers a rare opportunity to embrace the best of Phoenix living. Discover the potential that awaits in 85040, where your vision can become a reality in one of Arizona's most dynamic cities.

Newest 85040 Land for Sale

$2,000,000

7089821 MLS ⋅ ACTIVE Status ⋅ 3.44 Acres ⋅ 85040 Zip Code

LevRose Commercial Real Estate is pleased to exclusively present a rare in-fill development opportunity located just minutes away from Downtown Phoenix. Situated on a combined 3.44 acres in an Opportunity Zone, this site is ideal for high density residential development. With close proximity to major freeways (I-10, I-17, US-60, SR-143, and Loop 202), this property offers strong redevelopment potential in a rapidly growing submarket that continues to enjoy significant employment growth.

4035 S 9th Street Unit 20/22, Phoenix

$295,000

7081359 MLS ⋅ ACTIVE Status ⋅ 0.28 Acres ⋅ 85040 Zip Code

Builders, investors, or owner-users. Ready-to-take-over duplex project? ''Rare chance to acquire a 12,150 SF multifamily lot with an approved duplex project already underway.'' YES, APPROVED PLANS AND PERMITS INCLUDED, which may save 10+ months in plans approval. The Site is substantially prepared with duplex pad completed and foundation excavation and forms in place. Ideal for builders, investor or owner users who wants to own an income producing property living in one unit and renting the other. A unique opportunity to move forward with a project already past key time consuming stages.

5228 S 3rd Street Unit 31, Phoenix

$290,000

7074129 MLS ⋅ ACTIVE Status ⋅ 0.59 Acres ⋅ 85040 Zip Code

Excellent investment opportunity in Phoenix! This 0.58-acre multifamily-zoned lot offers strong development potential in a rapidly growing area. Ideally situated near major freeways and surrounded by new residential and multifamily development, with a large warehouse project coming soon directly across the street. The property offers investors an opportunity to explore multifamily development. Convenient location with significant growth and new construction throughout the surrounding area.

4016 S 12th Street Unit 21, Phoenix

$243,000

7065179 MLS ⋅ ACTIVE Status ⋅ 0.31 Acres ⋅ 85040 Zip Code

4608 S 16th Street Unit -, Phoenix

$549,000

7065171 MLS ⋅ ACTIVE Status ⋅ 0.43 Acres ⋅ 85040 Zip Code

2402 E Broadway Road Unit 1, Phoenix

3149 E Mobile Lane Unit 103 & 102, Phoenix

$320,000

7053761 MLS ⋅ ACTIVE Status ⋅ 0.33 Acres ⋅ 85040 Zip Code

Prime Infill Development Opportunity R-3 Zoning. 3 contiguous lots perfect for custom single-family homes or multifamily dwellings (high density project). South Phoenix is experiencing continued growth and redevelopment. This is a prime location for builders looking to capitalize on an up-and coming area. Conveniently located with easy access to freeways, downtown Phoenix, Sky Harbor Airport, shopping and dining. This site is surrounded by established homes and ongoing development; it's a perfect site for a profitable project. Listing includes 2 parcels amounting to close to a half-acre of land.(21,893 sq ft.) 3131 E Mobile & 3149 E Mobile are both included in sale.

3149 E Mobile Lane Unit 103 & 102, Phoenix

$319,000

7042737 MLS ⋅ ACTIVE Status ⋅ 0.44 Acres ⋅ 85040 Zip Code

Excellent development opportunity near the Valley Metro light rail B Line. This oversized 0.44-acre lot measures approximately 110 feet by 174 feet and is zoned R-5, one of Phoenix's higher-density multifamily residential zoning classifications. R-5 zoning may accommodate apartments, condominiums, townhomes, attached housing, or multiple residential units on a single property, subject to City of Phoenix approval, development standards, parking, setbacks, access, and site-plan requirements. The city's published zoning guidance identifies a base multifamily density of approximately 43.5 dwelling units per gross acre, with potential density bonuses available for qualifying developments. Utilities are already located on or adjacent to the property, including an electric pole at the northwest corner, a water meter at the sidewalk, and a capped sewer line near the tree and pedestrian gate, identified by a concrete block. The property is enclosed by a block fence and offers a compelling opportunity for a multifamily infill project, income-producing development, or custom residential concept in a transit-accessible location. Buyer to independently verify zoning, density, utilities, lot dimensions, development feasibility, and all information material to the buyer.

4622 S 7th Street Unit 3, Phoenix

$1,499,999

7039828 MLS ⋅ ACTIVE Status ⋅ 1.21 Acres ⋅ 85040 Zip Code

Vacant land that has been graded. Sale includes paving and the plans for a 42 unit apartment complex. The property is located in an Opportunity Zone and a QCT. Buyer to verify all information.

1627 E Wood Street Unit -, Phoenix

$640,000

7038862 MLS ⋅ ACTIVE Status ⋅ 0.88 Acres ⋅ 85040 Zip Code

Exceptional development opportunity at the highly visible northeast corner of Broadway Road and 28th Street in Phoenix. This offering consists of four parcels totaling a prime infill site with approximately 275 feet of frontage along Broadway Road and 145.2 feet of frontage on 28th Street, providing outstanding exposure and accessibility. Zoned R-5 Multi-Family High Density, allowing up to 43.5 units per acre, the property presents significant potential for apartment, townhome, or other residential development. Strategically located within a designated City of Phoenix Opportunity Zone, offering potential tax advantages for qualified investors. Rare combination of zoning, frontage, visibility, and location in the heart of a rapidly evolving urban corridor.

2804 E Broadway Road Unit -, Phoenix

$145,900

7038160 MLS ⋅ ACTIVE Status ⋅ 0.21 Acres ⋅ 85040 Zip Code

Great lot to build your next home or investment opportunity. Spacious lot in a central location close to downtown Phoenix, light rail, Phoenix airport, and freeways. Zoned R-3, so ready for you to build your home or a multi-family project. Utilities available on-site.

1915 E Illini Street Unit 94, Phoenix

$421,000

7026900 MLS ⋅ ACTIVE Status ⋅ 0.95 Acres ⋅ 85040 Zip Code

Excellent development opportunity in Phoenix! This approximately 0.95-acre lot offers strong potential for builders, investors, and developers. Based on current zoning requirements of approximately 6,000 SF per lot, the property may have the potential to be subdivided into up to 6 residential lots. Nearby newly built homes have sold around $350k-$450k, making this an attractive infill development opportunity. Convenient Phoenix location with access to shopping, dining, schools, and major transportation routes. Buyer and Buyer's Agent to verify all material facts, including but not limited to zoning, subdivision requirements, utilities, permits, schools, lot dimensions, development potential, and all other information deemed important during the inspection period. No SPDS. Sold as is.

5625 S 11 Street Unit 34, Phoenix

$289,900

7014585 MLS ⋅ ACTIVE Status ⋅ 0.44 Acres ⋅ 85040 Zip Code

Discover an incredible opportunity in the heart of Phoenix! This vacant lot at 5225 S. 7th Street offers the perfect canvas for builders, investors, or homeowners ready to bring their vision to life. Zoned residential (buyer to verify specifics with the City of Phoenix), this lot presents excellent potential for a custom single-family home or new construction project. With continued growth and redevelopment happening throughout South Phoenix, this is a prime opportunity for builders looking to capitalize on an up-and-coming area. Conveniently located with easy access to major freeways, Downtown Phoenix, Sky Harbor Airport, shopping, and dining, this property offers both accessibility and long-term value. Surrounded by established homes and ongoing development, it's an ideal site for a spec build or personalized residence. Utilities are onsite (buyer to verify), helping streamline the building process and reduce upfront development hurdles. Whether you're a seasoned builder, investor, or someone looking to design a home from the ground up, this lot checks all the boxes. Don't miss your chance to secure land in one of Phoenix's rapidly expanding corridors--build now or hold for future appreciation! (lot dimensions pending verification)

5225 S 7th Street Unit -, Phoenix

Start Your Search

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.