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1121 W Grant St Unit 11
Land
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$245,000

1121 W Grant St Unit 11, Phoenix

80% below median
0 bd·0 ba·0 sqft
7,350 sqft lotCentral City South

1121 W Grant St Unit 11, Phoenix, AZ

0 bd · 0 ba · 0 sqft Land listed at $245,000 in the Central City South neighborhood.

About this home

Prime Development Opportunity in Central Phoenix Lot currently zoned C-3, offering multiple development possibilities. Seller has inquired with the City and confirmed that rezoning to R-3 is possible (subject to City approval), which would allow for expanded opportunities, including the potential to develop approximately 2-5 residential units based on final site plan and approvals. Seller finance available. Utilities are within the area. Ideal for investors or builders seeking a value-add opportunity in a growing Phoenix location near major roads, shopping, and employment centers. Buyer to verify zoning, density, utilities, and all development approvals.

Property details

Price
$245,000
Bedrooms
0
Bathrooms
0
Lot size
7,350 sqft
Type
Land
Days on market
76
Est. property tax
$1,519/yr · $127/mo · 0.62% AZ avg

Estimated monthly payment

Down payment20% ($49,000)
Interest rate6.75%
Principal & Interest$1,271
Property Tax$225
Insurance$150
Total$1,646/mo

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Price history

▼ 2%Most recent change on 2026-04-24: $250,000 → $245,000.

$274K$250K$226K$270K on Feb 23 (Initial list)$265K on Jul 23 (Price change)$260K on Sep 23 (Price change)$230K on Dec 23 (Price change)$250K on Feb 26 (Initial list)$245K on Apr 26 (Price change)
$270K · Feb 23$245K · Apr 26
  1. Apr 24, 2026$245,000Price change
  2. Feb 9, 2026$250,000Initial list price
  3. Dec 27, 2023$230,000Price change
  4. Sep 19, 2023$260,000Price change
  5. Jul 17, 2023$265,000Price change
  6. Feb 1, 2023$270,000Initial list price

Location

This home is located in Phoenix, AZ, in the Phoenix / Scottsdale area. Browse more Phoenix listings on the Phoenix market page or explore the full Phoenix market report.

Location

Map of 1121 W Grant St Unit 11, Phoenix
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Home Intelligence

Neighborhood (zip 85007)

This neighborhood is primarily renter-occupied (40% owner-occupied). Median age is 33.4; 15% hold a bachelor's degree; median household income is $50,490.

Median income
$50,490
Median age
33.4
Owner-occupied
39.8%
Bachelor's degree
14.7%
Census median home value
$359,600

Source: US Census Bureau American Community Survey 5-year estimates.

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