$2,999,000
Phoenix, AZ 85013
MLS# 6886044
1 / 24
Property Description
Discover an unparalleled opportunity in the heart of Midtown Phoenix's Melrose District with this extraordinary 2.43-acre parcel of land, presenting a prime multifamily builder opportunity. Boasting approved plans for a 39-unit condominium/apartment building, this property is poised for immediate development. Special financing terms make this venture even more enticing, and with a remarkable 83 Walk Score, future residents will enjoy convenient access to a plethora of amenities. Don't miss out on this chance to shape the landscape of the vibrant Melrose District. Inquire about special seller financing! This is a rare and promising investment opportunity that awaits your vision and creativity.
Details
Maps
Contract Information
Current Price: $2,999,000
List Price: $2,999,000
Status: Active
List Date: 2025-06-27
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
House Number: 519
Compass: W
Street Name: GLENROSA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 3055
County Code: Maricopa
Assessor Number: 155-33-291
Subdivision: PARK FIFTH AVENUE CONDOMINIUMS
Tax Year: 2024
General Property Description
Apx Total Acres: 0.02
Apx Total Acres G/N: G
Price Per Acre: 149950000
Apx SqFt: 105850
Price Per SqFt: 28.33
Apx SqFt G/N: G
Lot Size Dimensions: Irregular
Zoning: R-4
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Encanto School
Jr. High School: Osborn Middle School
High School: Central High School
Remarks Misc
Cross Street: W GLENROSA AVE & N 5TH AVE
Directions: FROM CENTRAL AVE HEAD WEST ON GLENROSA AVE, RIGHT ONTO 5TH AVE. PROPERTY IS ON LEFT.
Geo Lat: 33.498655
Geo Lon: -112.080978
Legal Info
Township: 2N
Range: 3E
Section: 20
Lot Number: 152
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: 1.00 - 2.49 Acres
Current Density: 00 - 01 Units P/Acre
Proposed Density: 36 - 40 Units P/Acre
Development Status: Subdivision Plat Apv; Plans Available
Land Configuration: Irregular Shape
Road Surface Type: Asphalt
Traffic Count: Unknown
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: None
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Use Restrictions: C.C. & R's; Existing Easement
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Fencing: None
Listing Office: Grigg's Group Powered by The Altman Brothers
Last Updated: June - 28 - 2025
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.