Exceptional development opportunity at the highly visible northeast corner of Broadway Road and 28th Street in Phoenix. This offering consists of four parcels totaling a prime infill site with approximately 275 feet of frontage along Broadway Road and 145.2 feet of frontage on 28th Street, providing outstanding exposure and accessibility. Zoned R-5 Multi-Family High Density, allowing up to 43.5 units per acre, the property presents significant potential for apartment, townhome, or other residential development. Strategically located within a designated City of Phoenix Opportunity Zone, offering potential tax advantages for qualified investors. Rare combination of zoning, frontage, visibility, and location in the heart of a rapidly evolving urban corridor.
South Mountain, located between Downtown Phoenix and the Gila River Indian Community, is a desert-edge and mountain-framed Phoenix neighborhood with a vast trail network and wide-open Sonoran views. The neighborhood’s energy concentrates at Central Ave and Baseline Rd, where taquerias, panaderías, mercados, and small storefronts set a busy, everyday rhythm. South Mountain Park and Preserve defines the landscape with ridgelines, trailheads, and lookout drives that shape weekend routines. The Mystery Castle adds a handmade, offbeat landmark tucked into the foothills. Housing ranges from mid-century ranch homes to newer foothill builds, often oriented toward patios and mountain light. Local golf and community parks add structured green space against the desert backdrop.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Mountain and city lights views
Exterior features
No other structures on the property
No fencing
Level topography
North/South exposure
Land located on the northeast corner of Broadway Road and 28th Street
Under 350 feet to water, sewer, phone service and gas
Asphalt road access
Home design
Property offers mountain and city lights views
Utilities
Electric provided by SRP
Public sewer
City franchise water
Other
Has additional parcels
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 2804 E Broadway Rd Unit -
Sale History
Tax History
Date
Event
Price
ARMLS #7038862
Jun 2, 2026
Listed
$640,000
ARMLS #6916183
Dec 12, 2025
Relisted
—
Nov 17, 2025
Pending
—
Nov 17, 2025
Listing Removed
—
Sep 1, 2025
Listed
$660,000
ARMLS #6591164
Aug 10, 2025
Listing Removed
—
Aug 21, 2024
Relisted
—
Aug 9, 2024
Listing Removed
—
Aug 9, 2023
Listed
$680,000
Year
Property tax
Land + Additions
Assessment*
2025
$673 (+2.6%)
2024
$656 (+2.9%)
2023
$637 (+2.1%)
2022
$624 (−2.0%)
$10,425
2021
$637 (+1.3%)
$9,735
2020
$629 (+3.4%)
$7,920
2019
$609 (+2.7%)
$7,110
2018
$592 (+4.9%)
$7,110
2017
$565 (+5.1%)
$3,825
2016
$537 (−0.4%)
$3,825
2015
$539 (+8.3%)
$4,352
2014
$498 (+1.0%)
$2,784
2013
$493 (−35.6%)
$3,040
2012
$766 (−21.7%)
$4,880
2011
$978 (−29.3%)
$7,040
2010
$1,385 (+1.0%)
$11,680
2009
$1,371
$7,040
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.44 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Maricopa County
APN
12217040A
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 6, 2026.
R-5
RSIO
FOUR CORNERS OVERLAY
\N
Multifamily Residence-Restricted Commercial District
The purpose of the multi-family residence districts is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes; The density ranges offered are intended to allow for a greater interaction of residents with at least the opportunity for less individual maintenance, unit cost, and size as compared with a conventional single-family residence.
Zone overlays
Rio Salado Interim Overlay District
Four Corners Overlay District
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Educational / school
Fire house
Police station
Local insights from Redfin agents
The Biltmore area is where Phoenix goes to dress up a little—palm-lined streets, beautiful homes, great restaurants, upscale shopping, and just enough golf carts to remind you that leisure is taken seriously here. It’s sophisticated without being...
Estimated 10-14% chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 112° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Phoenix, AZ • 85040
Average low and high temperatures (°F)
70
47
79
54
86
60
88
63
95
71
106
80
106
85
108
87
103
80
93
68
77
55
74
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 26% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7 hrs
3.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2804 E Broadway Rd Unit -
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $325,000 and $622,500.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $325K to $623K.