Rare R-5 (High Density) zoned opportunity in Arcadia Lite on Indian School Road featuring an existing 1,731 SF single-family home built in 1952 on a redevelopment-ready site. High visibility frontage, proximity to major thoroughfares, shopping, dining and employment centers make this parcel ideal for small-scale multifamily, adaptive reuse, live/work or owner-user projects. R-5 zoning allows a variety of residential and limited commercial uses, investors and developers can capitalize on central Phoenix demand with renovation or rebuild options. Buyer to verify zoning entitlements, utility capacity and development feasibility. Opportunities like this in Arcadia Lite don't sit long, especially priced below appraised value.
The land. The location. The zoning. It's all here.
Sold for $859,000
Zillow last checked:
Listing updated:
Bought with:
Christopher S Hageman, SA665207000
DeLex Realty
Source: ARMLS,MLS#: 7058948
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Sold | $859,000-2.4%$499/sqft |
Source:  ARMLS #7058948 Report a problem | ||
| 8/18/2026 | Pending sale | $880,000$511/sqft |
Source: ARMLS #7058948 Report a problem | ||
| 8/14/2026 | Price change | $880,000-1.1%$511/sqft |
Source: ARMLS #7058948 Report a problem | ||
| 7/31/2026 | Listed for sale | $890,000+131.2%$517/sqft |
Source: ARMLS #7058948 Report a problem | ||
| 4/4/2006 | Sold | $385,000$224/sqft |
Source: Public Record Report a problem | ||
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Estimated market value
$859,500
