764 W Broadway Rd #2, Phoenix, AZ 85041

Description

Prime Development Opportunity - Two Adjacent Lots | Endless Potential. 2 LOTS- Each lot is offered at $229,000

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.