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3448 E Southern Ave - SFR Development Land 4.0± Acre 3.82 Acres of Commercial Land Offered at $2,000,000 in Phoenix, AZ 85040
Investment Highlights
- In center of residential building activity. Recent rental units at NWC 32nd Street and national homebuilder purchase at 36th St and Southern.
Executive Summary
Contiguous R1-6 zoned, two parcels for sale.
Development active in area.
Agricultural lease for wholesale boxed-tree sales. Existing lease renews annually with the growing season until contract to sell.
Rental home and abandoned well professionally removed with environmental report confirmation.
Development active in area.
Agricultural lease for wholesale boxed-tree sales. Existing lease renews annually with the growing season until contract to sell.
Rental home and abandoned well professionally removed with environmental report confirmation.
Financial Summary (Actual - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$3,500
|
$916.30
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,500
|
$916.30
|
Financial Summary (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $3,500 |
| Annual Per AC | $916.30 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $3,500 |
| Annual Per AC | $916.30 |
Property Facts
1 Lot Available
Lot 3448, 3504
| Price | $2,000,000 | Lot Size | 3.82 AC |
| Price Per AC | $523,608.05 |
| Price | $2,000,000 |
| Price Per AC | $523,608.05 |
| Lot Size | 3.82 AC |
Contiguouis R1-6 zoned lots of a total 4.03 acres with ROW. Phoenix Planning indicated site for 26 single-family residences. A developing neighborhood with sales and completions. 2024 sale on 36th St & Southern under construction on 20± acres.
Description
Term agricultural lease of level land for development of R1-6 zoned for single-family dwellings. Prior rental homes and unused well professionally removed to provide for development planning.
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $25,060 (2025) | |
| Land Assessment | $0 (2025) | Annual Taxes | $3,500 |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$25,060 (2025)
Annual Taxes
$3,500
Tax Year
2024 Payable 2025
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3448 E Southern Ave - SFR Development Land 4.0± Acre