Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

918 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

1546 Cholla Street - Incredible Multifamily Lot Opportunity! 0.48 Acres of Residential Land Offered at $495,000 in Phoenix, AZ 85020

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

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

TLocated in Phoenix’s desirable North Mountain area, 1546 Cholla Street presents an exceptional opportunity for investors or builders seeking versatility, strong demographics, and premium development potential. Offered at $495,000, this 0.48-acre property consists of four individual residential lots positioned along Cave Creek Road—one of the city’s key arterial corridors—providing high visibility, easy accessibility, and the option for a signature luxury homesite or future mixed-use consideration. Current R1-6 zoning allows the development of up to four detached single-family homes, each with private yards and garages, and the potential to include accessory dwelling units (ADUs), making it ideal for a boutique residential enclave. The top lot offers panoramic city views, enhancing the appeal for custom home construction. This area reflects strong economic indicators, including a median household income of $102,589 and average home values exceeding $1M, while maintaining a reputation for low crime, scenic desert surroundings, and proximity to upscale amenities. Owner-carry financing with flexible terms further strengthens the value proposition, making this property a standout development-ready parcel in one of Phoenix’s fastest-appreciating submarkets.

Property Facts

Price	$495,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Condition	Build to Suit	Proposed Use	Commercial Multifamily Single Family Development
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	Commercial Multifamily Single Family Development
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

0.48-acre property consists of four individual residential lots positioned along Cave Creek Road. Current R1-6 zoning allows the development of up to four detached single-family homes, each with private yards and garages.

Description

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.

1 1