Rare opportunity to purchase a R-5 (High Density) zoned Multifamily land in a prime central Phoenix location. The existing structure is a 1,731 square foot single family home built in 1952, situated on a site zoned R-5. The R-5 zoning allows for a variety of residential and limited commercial uses, offering flexibility for investors, developers, or owner - occupants seeking to capitalize on the property's strong location and zoning potential. Property is located within the Arcadia Lite area of Phoenix and situated on Indian School Rd for great visibility. Within its proximity to major thoroughfares, shopping, dining, and employment centers, the property is ideally suited for a modern adaptive reuse or small-scale multifamily development after renovations/re-build.**Buyer to verify all fac

Listing courtesy of Realty ONE Group.



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Last checked: 2026-03-06 11:26 AM UTC