
Phoenix, AZ 85042
Analysis of 6520 S 28TH Street, Phoenix, AZ 85042 is currently available with a list price of $2,100,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Phoenix Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property consists of two homes built in 1950 that appear to be maintained but are significantly outdated. Interior images reveal kitchens with older oak cabinetry, laminate countertops, and aging appliances. The flooring consists of basic tile and laminate that shows some wear. While the structures are functional and currently habitable, the styles and fixtures reflect updates likely completed 15 to 30 years ago, aligning with the 'fair' criteria. The primary value of the listing is in the land for redevelopment, but the existing dwellings do not show the structural failure required for a 'poor' or 'tear-down' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 206910, living area = 1443.
Spanning ±4.75 acres adjacent to the Legacy Golf Resort, this expansive rectangular parcel offers a rare infill redevelopment opportunity for custom residences or mixed-use projects in a high-growth corridor.
The property is currently leased to an established nursery through late 2027 with annual rent escalations, providing a secure income stream for investors while they navigate zoning or development planning.
The existing lease commitment through late 2027 prevents immediate site clearing or redevelopment, which may not align with buyers seeking a shorter-term project commencement.
The sale excludes all nursery inventory, trees, and irrigation piping, meaning the buyer is acquiring the land and aged 1950s structures without the current functional nursery equipment.
Seize a rare opportunity to own ±4.75 prime acres just a few miles south of Sky Harbor Airport, offering an exceptional blend of privacy, accessibility, and long-term potential. Located just north of Legacy Golf Resort's 1st and 18th fairways, this property includes two homes: the larger is 1,443 SF and the smaller is 770 SF. It is an irrigated, fully fenced, rectangular parcel which enjoys a quiet, secluded setting while being minutes from I-10, I-17, SR 143, Downtown Phoenix, Tempe, and Scottsdale. Currently leased to an established nursery through September/October 2027, with annual rent escalations, it provides immediate income and future upside. Surrounded by nurseries, single-family homes, and resort amenities, this property is ideal for continued nursery operations, residential... redevelopment, or mixed-use (buyer to verify zoning and uses with the City of Phoenix). Golf course adjacency adds prestige, while irrigation rights offer valuable water security. With Phoenix's strong population growth, limited central land inventory, and proximity to major economic hubs, the investment appeal is unmatched. Whether continuing current use, developing custom residences, or holding for appreciation, this is a rare infill opportunity in a fast-growing metro. Note: Plants, trees, irrigation systems, and piping are not included in the sale.
No exterior & parking available.
Grades PK-5 • 2.2 mi
Grades K-5 • 4.7 mi
Grades K-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 5% |
| Square foot | 1,443 | 1,869 | 19% |
| Lot Size | 206,910 | 7,503 | 100% |
| Price | $2.10M | $415.0K | 100% |
| Price per sq ft | $1.5K | $227 | 100% |
| Built year | 1950 | 2001 | 3% |
| HOA | $0 | $98 | 34% |
| Days on market | 265 | 1331 | 35% |
Jul 31, 2025
$2,100,000
Initial Listing