2804 E Broadway Road Unit -, Phoenix, AZ 85040

$640,000

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List Price
$640,000
Days on Market
57
Status
ACTIVE
MLS#
7038862
City
Phoenix
Lot Size
38,534
Subdivision
Carefree Homes Blk 8

Property Description

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.

Additional Information

Acres
0.88
Electric
SRP
Fencing
None
Lot Size
38,534
New Financing
Cash, Conventional
Subdivision
Carefree Homes Blk 8
Taxes
$1,425
Tax Year
2022
Vegetation
Natural Vegetation
Water
City Franchise
Zoning
R-5

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Calculator source: Real Geeks

Listing courtesy of HomeSmart.

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