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764 W BROADWAY Road 2, Phoenix, AZ 85041
New Listing
$249,900
Property Type:
Land
Lot Size (sq. ft.):
22,774
Status:
Active
Current Price:
$249,900
List Date:
2/22/2026
Last Modified:
2/22/2026
Description
Prime Development Opportunity - Two Adjacent Lots | Endless Potential
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).
Supplements: 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.
More Information MLS# 6988188
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $249,900
List Price: $249,900
Status: Active
List Date: 2026-02-19
Location, Tax & Legal
Lot #: 2
Assessor's Map #: 56
Legal Description (Abbrev): LOT 2 BROADWAY GARDENS 1 THRU 9 MCR
Assessor's Parcel #: 2
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114800
Taxes: 1386
House Number: 764
Compass: W
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85041
Zip4: 2303
County Code: Maricopa
Assessor Number: 105-56-002-A
Subdivision: BROADWAY GARDENS 1 THRU 9
Tax Year: 2025
General Property Description
Apx Total Acres: 0.52
Apx Total Acres G/N: G
Price Per Acre: 480576.92
Apx SqFt: 22774
Price Per SqFt: 10.97
Apx SqFt G/N: G
Lot Size Dimensions: 99.91X229.75
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Elementary School: Cesar E Chavez Community School
Jr. High School: Cesar E Chavez Community School
High School: Phoenix Coding Academy
Zoning: R-5
Legal Info
Range: 3E
Section: 19
Township: 1N
Lot Number: 2
Special Listing Cond
N/A: 1
Pmt & Rate Info
Equity: 249900
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
See Private Remarks: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Multi-Family: 1
Potential Use
Multi-Family: 1
Commercial: 1
Mobile/Mgf Hme/RV's: 1
See Remarks: 1
Parcel Size
.50 - .99 Acres: 1
View
City: 1
Desert: 1
Water Source
Other: 1
Sewer
Sewer - Public: 1
Electric
City Electric: 1
Gas
City Gas: 1
Distance to Cable
Under 350 Feet: 1
New Financing
Cash: 1
Conventional: 1
Distance to Phone
Under 350 Feet: 1
Distance to Water
Under 350 Feet: 1
Existing 1st Loan
Other (See Rmks): 1
Distance to Electric
Under 350 Feet: 1
Distance to Gas
Under 350 Feet: 1
Distance to Sewer
Under 350 Feet: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Remarks Misc
Cross Street: 7TH Ave and Broadway
Geo Lat: 33.407133
Geo Lon: -112.084566
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family; Commercial; Mobile/Mgf Hme/RV's; See Remarks
Parcel Size: .50 - .99 Acres
View: Desert
Water Source: Other
Sewer: Sewer - Public
Electric: City Electric
Gas: City Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Other (See Rmks)
New Financing: Cash; Conventional
Environmental: None
Lockbox Type: See Private Remarks
Listing Office:
ARRT of Real Estate
Last Updated: February - 22 - 2026
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