Prime Central Phoenix Development Opportunity Positioned in a highly desirable central Phoenix setting, this 15,666-square-foot (0.36-acre) C-1 zoned parcel offers a compelling opportunity for an investor, developer, or owner-user seeking a well-located infill site. The property sits within an established neighborhood near major employment, dining, retail, and the downtown core, with city and mountain views visible from the site. The level, rectangular lot provides excellent flexibility for a thoughtfully designed commercial or residential-style development, subject to City of Phoenix review and approvals. Concept imagery illustrates the potential for a contemporary single-level 10-unit courtyard-style project, featuring clean modern architecture, private front entries, desert landscaping, and a polished streetscape presence. Existing public-record sources describe the site as approximately 0.36 acres / 15,666 square feet, with C-1 zoning and a prior 2,483-square-foot commercial improvement. Buyers should independently verify zoning, permitted uses, utilities, setbacks, parking requirements, density, and all development feasibility with the City of Phoenix.
Vacant landProperty Type
0.36 acresLot Size
$1,444,444Price/Acres
Listed by Cecilia Mulroy• My Home Group Real Estate
Alvarado Historic District, located between N 15th Ave and N 17th Ave, is a historic and residential Phoenix neighborhood with brick-lined streets and early-20th-century bungalows. The neighborhood’s character concentrates along W Encanto Blvd near N 15th Ave, where canopy trees, porch lights, and evening dog-walks set a calm, lived-in rhythm. Architecture leans Craftsman and Spanish Revival, with deep setbacks and mature landscaping. Encanto Park and Encanto Golf Course frame daily routines with lagoon views and open fairways. The Heard Museum and Phoenix Art Museum sit nearby for gallery afternoons and lecture nights. Downtown’s skyline remains close, while the streetscape stays quiet and cohesive.
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Brick fencing
Located in a historic district
Asphalt road access
Lot dimensions approximately 130 x 125 (0.36 acre)
Utilities
Electric service: APS (and other — see remarks)
Sewer: Public sewer (see remarks)
Water: City franchise
Sale and tax history for 375 E Alvarado Rd Unit -
Sale History
Tax History
Date
Event
Price
ARMLS #7049982
Sep 13, 2026
Contingent
—
Jul 3, 2026
Listed
$520,000
Public Records
Aug 15, 1988
Sold
$122,500
Year
Property tax
Land + Additions
Assessment*
2025
$5,641 (+6.0%)
2024
$5,320 (+170.5%)
2023
$1,966 (+6.2%)
2022
$1,852 (+0.5%)
$10,310 + $41,240
$51,550
2021
$1,842 (−1.1%)
$8,510 + $34,040
$42,550
2020
$1,863 (+0.1%)
$8,070 + $32,290
$40,360
2019
$1,860 (+1.6%)
$7,110 + $28,450
$35,560
2018
$1,831 (+4.2%)
$7,110 + $28,450
$35,560
2017
$1,758 (+5.6%)
$3,760 + $15,060
$18,820
2016
$1,664 (+7.9%)
$3,890 + $15,590
$19,480
2015
$1,542 (−3.4%)
$2,850 + $11,410
$14,260
2014
$1,597 (+25.0%)
$2,190 + $8,780
$10,970
2013
$1,278 (+7.2%)
$1,380 + $5,530
$6,910
2012
$1,191 (−34.0%)
$1,310 + $5,260
$6,570
2011
$1,806 (−15.9%)
$2,330 + $9,320
$11,650
2010
$2,149 (−17.1%)
$3,540 + $14,190
$17,730
2009
$2,593
$5,870 + $23,510
$29,380
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.36 Acres
Year renovated
1950
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,483
Year built
1950
Style
Multi-Family (2-4 Unit)
County
Maricopa County
APN
11853035B
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 6, 2026.
C-1
Commercial Neighborhood Retail District
The C-l, Commercial Neighborhood Retail District, is a district of light neighborhood type retail and customer service uses designed to be compatible with each other and nearby residential districts.
Permitted uses
Include but are not limited to:
Gas station
Bank
General retail
Retail-Grocery
Restaurant
Hospital / medical center
Housing-Group
Housing-Student
Office
Veterinary clinic
Mar 3, 2022 • Final
Utility construction in public right of way
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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 22-32% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
6 days above 112° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Phoenix, AZ • 85004
Average low and high temperatures (°F)
70
45
79
53
86
59
88
62
96
70
107
80
108
85
109
85
100
78
93
67
77
53
75
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 22% for direct sun exposure in Phoenix. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 375 E Alvarado Rd Unit -
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $479,000 and $650,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $479K to $650K.