502 W SOUTHERN Avenue, Phoenix, AZ 85041

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502 W SOUTHERN Avenue, Phoenix, AZ 85041

$589,000 (Active)

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Listed by: Michael Martinez - eXp Realty

$$589,000

Active

est.$589,000/month.

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3 beds. 1 baths. 22,738 Sqft.

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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Mortgage Broker

John Piazza
New American Funding
john.piazza@nafinc.com
(630) 699-0001
NMLS# 187634
Company NMLS# 6606

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or Call Now: (630) 699-0001

502 W SOUTHERN Avenue, Phoenix, AZ 85041

$589,000

Active

est.$589,000/month.

Start My Approval

3 beds baths 22,738 Sq.ft.

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Property details for 502 W SOUTHERN Avenue, Phoenix, AZ 85041

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.

Broker details: eXp Realty

Listed by: Michael Martinez
Listagent State License: BR039035000
Co-listing Broker: eXp Realty
Co-listing Agent: Maricruz Martinez
Co-Listagent State License: SA630118000