764 W BROADWAY Road, Phoenix, AZ 85041
BROADWAY GARDENS 1 THRU 9 · Web ID # 6988188
Overview
Features
- None
- Other
- Cash
- Conventional
About this home
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.
Location
Listing courtesy of ARRT of Real Estate
MLS Listing Agent: Anastasia Plesco