$175,000
SOLD MAR 24, 2026

111 E 1st St Phoenix, OR 97535

0.14 Acre
$1,250,000 Price per Acre
6,098 Sq Ft Lot

Sale Details

Date Sold: March 24, 2026

19% Below List Price

About This Lot

As of March 2026

Prime Development Opportunity: .25-Acre Mixed-Use Corner Lot in Downtown Phoenix! Exceptional development potential awaits in this strategically located .25-acre property, comprised of two tax lots in Phoenix's thriving City Center District. Perfectly positioned for a live-work or commercial development up to 4 stories with basement parking potential (approximately 2,500 sq ft per floor). All utilities in place - water, electric, sewer, and phone lines underground and ready for connection. This premium corner location offers: High-visibility position in Phoenix's expanding downtown corridor, excellent accessibility via I-5 and Highway 99, convenient public transportation access, full infrastructure already in place, flexible City Center District zoning. Surrounded by new development projects (The Phoodery, Moxie Brew, Pucks Donuts etc) Ideal for investors, developers, or business owners seeking a prime location for a mixed-use project in one of Phoenix's fastest-growing areas!

Last Agent to Sell the Property

Frankie Rutigliano

Windermere Van Vleet & Assoc2 License #201210739 Listed on: 12/18/2025

Windermere Van Vleet & Assoc2

Last Buyer's Agent

David Wright

RE/MAX Platinum License #200004070

RE/MAX Platinum

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,040

Lot Details

  • 6,098 Sq Ft Lot
  • Additional Parcels
  • Zoning described as CIZ

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2000
  • Assessor Parcel Number 10557985

Property Details

Property Type

Land

Est. Annual Taxes

$1,040

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Directions: i5 Phoenix exit, left on Main st, left on W 1st st, property is on the right.
  • Garage Yn: No
  • Lot Size Acres: 0.14
  • Prop. Type: Land
  • Property Sub Type: Commercial
  • Subdivision Name: N/A
  • Co List Office Phone: 541-779-6520
  • MLS Status: Closed
  • General Property Information Audio Surveillance on Premises YN: No
  • Special Features: None

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Elementary School: Check with District
  • High School: Check with District
  • Middle Or Junior School: Check with District

Lot Info

  • Additional Parcels Description: Map #381W10CC Lot #2100 Lot Size .11 acre
  • Additional Parcels: Yes
  • Lot Size Sq Ft: 6098.4
  • Parcel #: 10557985
  • Irrigation Water Rights: No
  • Current Use: Commercial
  • ResoLotSizeUnits: Acres
  • Zoning Description: CIZ

Tax Info

  • Tax Annual Amount: 1039.52
  • Tax Lot: 2000
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2025
Closed on
Mar 19, 2026
Sold by
Gay Nichols and Gay Nichols-Plowman Linda
Bought by
Phoenix Urban Renewal Agency
Seller's Agent
Frankie Rutigliano
Windermere Van Vleet & Assoc2
Buyer's Agent
David Wright
RE/MAX Platinum
List Price
$215,000
Sold Price
$175,000
Premium/Discount to List
-$40,000
-18.6%
Views
49

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2106.86%

Purchase Details

Closed on
May 30, 2017
Sold by
The Mail Tribune Inc
Bought by
Rosebud Media Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $175,000 First American Title
Special Warranty Deed -- Amerititle
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2026 03/24/26 Sold $175,000 0.0% --
12/10/2025 12/10/25 Pending -- -- --
11/14/2025 11/14/25 Off Market $175,000 -- --
11/26/2024 11/26/24 For Sale $215,000 -- --
Source: Oregon Datashare

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $946 $59,300 -- --
2025 $923 $57,580 $57,580 --
2024 $923 $55,910 $55,910 --
2023 $895 $54,290 $54,290 $0
2022 $871 $54,290 $54,290 $0
2021 $850 $52,710 $52,710 $0
2020 $4,958 $309,060 $50,990 $258,070
2019 $4,857 $292,380 $19,680 $272,700
2018 $4,715 $283,870 $19,110 $264,760
2017 $4,455 $283,870 $19,110 $264,760
2016 $4,331 $267,590 $18,010 $249,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Oregon Datashare

MLS Number: 220193121

Oregon Datashare

APN: 10557985

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