3400 Melvin St Phoenix, AZ 85008

This exceptional Central Phoenix property presents a unique investment opportunity encompassing 23,760 square feet of land. The property features a main building of significant size (4,762 square feet total) along with two additional separate structures. A detached 810-square-foot house, complete with two bedrooms and one bathroom, is also included, ideal for rental income, guest accommodations, or on-site living. Currently utilized as a church, the property's R-3 multi-family zoning allows for a wide range of future uses, including potential redevelopment or expansion. The expansive 0.55-acre lot provides ample space for various projects. Its strategic location offers convenient access to major freeways, ensuring easy commutes throughout the Phoenix metropolitan area. This property represents a rare chance to acquire a substantial holding in a highly desirable and centrally located area. The combination of size, zoning, and location makes this an attractive proposition for discerning investors and developers seeking a versatile and high-potential asset. The existing structures offer immediate income potential or the opportunity to renovate and reposition the property to suit a new purpose.