519 W GLENROSA Avenue 152, Phoenix, AZ 85013

$2,999,000
Property Type: Land Lot Size (sq. ft.): 105,850 Status: Active
Current Price: $2,999,000 List Date: 6/27/2025 Last Modified: 6/28/2025

Overview

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.

Listing Details MLS# 6886044

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
Country
US
County Code
Maricopa
Assessor Number
155-33-291
Subdivision
PARK FIFTH AVENUE CONDOMINIUMS
Tax Year
2024
Lot #
152
Assessor's Map #
33
Legal Description (Abbrev)
LOT 152 PARK FIFTH AVENUE CONDOMINIUMS MCR 025232
Assessor's Parcel #
291
Add'l Parcels
No
Tax Municipality
Phoenix
Census Tract
117100
Taxes
109

Contract Information

For Sale or Lease?
Sale
Type
Exclusive Right To Sell

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.

Legal Info

Township
2N
Range
3E
Section
20
Lot Number
152

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Email
Yes
Phone Call
Yes

More Information

Special Listing Cond

N/A
Yes

Pmt & Rate Info

Equity
2999000
Total Owed
0

Assoc/Prop Info

HOA Y/N
Y
HOA Transfer Fee
0
HOA Fee
0
HOA Paid (Freq)
Monthly
HOA Name
Park 5th Ave Condo
HOA Telephone
480.889.5005
PAD Fee Y/N
N
Assessed Balance
0
HOA 2 Y/N
N

Lockbox Type

None
Yes

Existing Land Use

Residential Lot
Yes

Zoned Presently

Multi-Family
Yes

Potential Use

Multi-Family
Yes

Parcel Size

1.00 - 2.49 Acres
Yes

Current Density

00 - 01 Units P/Acre
Yes

Proposed Density

36 - 40 Units P/Acre
Yes

Development Status

Subdivision Plat Apv
Yes
Plans Available
Yes

Land Configuration

Irregular Shape
Yes

Road Surface Type

Asphalt
Yes

Traffic Count

Unknown
Yes

Fencing

None
Yes

Water Source

City Franchise
Yes

Freeway/Highway

2.1 - 5 Miles
Yes

Sewer

Sewer - Public
Yes

Electric

APS
Yes

Gas

None
Yes

Existing Structures

None
Yes

Distance to Cable

On Property
Yes

New Financing

Cash
Yes
Conventional
Yes

Distance to Phone

On Property
Yes

Distance to Water

On Property
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Distance to Electric

On Property
Yes

Distance to Gas

None
Yes

Distance to Sewer

On Property
Yes

Use Restrictions

C.C. & R's
Yes
Existing Easement
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes
Other (See Rmks)
Yes

Environmental

None
Yes

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
IDX
Listing Office: Grigg's Group Powered by The Altman Brothers
Last Updated: June - 28 - 2025
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