$2,500,000

Discover a unique investment opportunity in Phoenix, Arizona! This spacious 4.718-acre residential plot at 2801 W Glendale Ave offers significant potential for both investors and developers. It currently generates an impressive monthly income of $13,885 from surface parking leases, providing a steady cash flow while you plan its future development. The property is currently zoned as R1-6 and R-6, allowing for a wide range of residential development options. Furthermore, there's potential to rezone it to R-3, R-3A, R-4 (14.5, 22, or 27 DU/Acre), greatly expanding its development possibilities. With neighboring R-5 zoning, there's even a chance to rezone for up to 43.5 units per acre. This prime location in Phoenix provides easy access to major roads, shopping centers, schools, & parks