Fantastic development opportunity near Downtown Phoenix! This 20,925 SF lot is zoned R-3 (Multiple Family Residence), allowing for detached, attached, or small-scale apartment development with densities up to 17.4 units per acre (with bonus provisions). The area is surrounded by growth, with new apartment projects just south on Cypress, highlighting the strong potential for redevelopment. Central location with convenient access to major freeways, downtown employment, dining, and entertainment. A rare chance to build in one of Phoenix's most active urban corridors. (Existing home conveys as-is.).