375 E Alvarado Road -, Phoenix, AZ 85004, Phoenix AZ 85004
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
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is grouped with the current listings without a reported bedroom count in Phoenix. Its asking price falls near the 62nd percentile of that active group. The comparison uses 564 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $531,000, and the median is $389 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 2218-2222 N 7th Street 22, Phoenix, AZ 85006 | Jul 20, 2026 | — | $596,562 | 0.0 mi |
| 2237 N RICHLAND Street 6, Phoenix, AZ 85006 | Apr 22, 2026 | — | $205,000 | 0.2 mi |
| 2241 N RICHLAND Street, Phoenix, AZ 85006 | May 26, 2026 | 5 bd · 2,440 sqft | $760,000 | 0.2 mi |
| 809 E SHERIDAN Street, Phoenix, AZ 85006 | Aug 20, 2026 | 3 bd · 1,160 sqft | $502,000 | 0.2 mi |
| 2029 N RICHLAND Street, Phoenix, AZ 85006 | Sep 21, 2026 | 3 bd · 1,150 sqft | $560,000 | 0.2 mi |
| 2234 N 10TH Street, Phoenix, AZ 85006 | Jul 14, 2026 | 4 bd · 3,114 sqft | $1,074,000 | 0.3 mi |
| 2022 N 10th Street, Phoenix, AZ 85006 | Jun 8, 2026 | 2 bd · 769 sqft | $340,000 | 0.3 mi |
| 133 E PALM Lane A, Phoenix, AZ 85004 | Sep 4, 2026 | 3 bd · 1,948 sqft | $417,000 | 0.3 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $520,000 · Pending
Continue comparing
Similar active homes in Phoenix
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Phoenix homes for sale · See the Phoenix market report