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1546 Cholla Street - Incredible Opportunity! 0.48 Acres of Residential Land Offered at $495,000 in Phoenix, AZ 85020
Investment Highlights
- Median household income is $102,589, and average home values exceed $1M, reflecting strong purchasing power.
- Under R1-6 zoning, you can build up to 4 detached homes, each with private yards and garages. Accessory dwelling units (ADUs) may also be permitted.
- 76% of residents are married, and the area is known for low crime, scenic desert landscapes, and proximity to upscale amenities.
Executive Summary
This unique property consists of 4 individual lots along Cave Creek Road, one of Phoenix’s key arterial streets. The top lot offers panoramic city views, making it ideal for a luxury home or a signature commercial site.
Zoning & Development Potential:
Currently zoned for residential use, with strong potential for rezoning to commercial or mixed-use, given the high visibility and traffic counts on Cave Creek Rd. Alternatively, the property can be subdivided into four single-family lots, each meeting Phoenix’s R1-6 zoning standards (minimum 6,000 sq. ft. per lot, 55’ width, 15’ front setback). This creates an excellent opportunity for custom homes or a small residential enclave.
Owner Will Carry Financing: Flexible terms available for qualified buyers.
Zoning & Development Potential:
Currently zoned for residential use, with strong potential for rezoning to commercial or mixed-use, given the high visibility and traffic counts on Cave Creek Rd. Alternatively, the property can be subdivided into four single-family lots, each meeting Phoenix’s R1-6 zoning standards (minimum 6,000 sq. ft. per lot, 55’ width, 15’ front setback). This creates an excellent opportunity for custom homes or a small residential enclave.
Owner Will Carry Financing: Flexible terms available for qualified buyers.
Property Facts
| Price | $495,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.48 AC |
| Zoning | Zoning: R-6 - Residential | ||
| Price | $495,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.48 AC |
| Zoning | Zoning: R-6 - Residential |
1 Lot Available
Lot
| Price | $495,000 | Lot Size | 0.48 AC |
| Price Per AC | $1,031,250.00 |
| Price | $495,000 |
| Price Per AC | $1,031,250.00 |
| Lot Size | 0.48 AC |
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1546 Cholla Street - Incredible Opportunity!
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