1141 Monterosa StPhoenix, AZ 85013

This exceptional 0.472-acre commercial lot, located at 1141 W Monterosa St in Phoenix, Arizona (zip code 85013), presents a unique investment opportunity. Situated in the desirable Woodlea Historic District, near the vibrant Melrose District, this property is zoned R-5 and offers significant potential for development. The site is already approved for an 18-unit, four-story garden-style apartment building, designed with a contemporary aesthetic and mid-century influences. Plans call for 18 well-appointed 600-square-foot, one-bedroom, one-bathroom units. The property's central location in midtown Phoenix provides easy access to a variety of amenities, businesses, and transportation options. This permit-ready project eliminates significant pre-construction hurdles, allowing for a streamlined development process. The asking price for this exceptional property is $1,250,000. Don't miss this chance to acquire a prime piece of land in a thriving Phoenix neighborhood. Maricopa County location.