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

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.

More Information MLS# 6886044

Contract Information

Type: Exclusive Right To Sell For Sale or Lease?: Sale Current Price: $2,999,000 List Price: $2,999,000 Status: Active List Date: 2025-06-27

Location, Tax & Legal

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 House Number: 519 Compass: W Street Name: GLENROSA St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85013 Zip4: 3055 County Code: Maricopa Assessor Number: 155-33-291 Subdivision: PARK FIFTH AVENUE CONDOMINIUMS Tax Year: 2024

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 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 Zoning: R-4

Legal Info

Range: 3E Section: 20 Township: 2N Lot Number: 152

Special Listing Cond

N/A: 1

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

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Existing Land Use

Residential Lot: 1

Zoned Presently

Multi-Family: 1

Potential Use

Multi-Family: 1

Parcel Size

1.00 - 2.49 Acres: 1

Current Density

00 - 01 Units P/Acre: 1

Proposed Density

36 - 40 Units P/Acre: 1

Development Status

Subdivision Plat Apv: 1 Plans Available: 1

Land Configuration

Irregular Shape: 1

Road Surface Type

Asphalt: 1

Traffic Count

Unknown: 1

Fencing

None: 1

Water Source

City Franchise: 1

Freeway/Highway

2.1 - 5 Miles: 1

Sewer

Sewer - Public: 1

Electric

APS: 1

Gas

None: 1

Existing Structures

None: 1

Distance to Cable

On Property: 1

New Financing

Cash: 1 Conventional: 1

Distance to Phone

On Property: 1

Distance to Water

On Property: 1

Existing 1st Loan

Treat as Free&Clear: 1

Distance to Electric

On Property: 1

Distance to Gas

None: 1

Distance to Sewer

On Property: 1

Use Restrictions

C.C. & R's: 1 Existing Easement: 1

Reports/Disclosures

Seller Prop Disc Stm: 1 Other (See Rmks): 1

Environmental

None: 1

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. Geo Lat: 33.498655 Geo Lon: -112.080978

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

Listing Office: Grigg's Group Powered by The Altman Brothers

Last Updated: June - 28 - 2025