This incredible INVESTMENT/RE-DEVELOPMENT OPPORTUNITY includes 3 parcels: 120-03-097-A, 120-03-097-B and 120-03-087-A, totaling 21,693 sq ft and is desirably located in the Arcadia-Lite heart of Phoenix. Its R-5 zoning allows for new single family homes, town homes, or apartments with other possibilities to consider with a preliminary architect sketch already available. The existing meticulously maintained, gated grounds have 3 entrances with endless potential. Current use is as a medical office with ample parking including adjacent open land, security system, and other accessibility features. The highly sought-after central location offers easy access to nearby shopping centers, dining, entertainment, nightlife, ASU's downtown campus, State Route 143, HWY 51, Loop 202 FWY & so much more!