404 S PENN Street 1, Eloy, AZ 85131

New Listing

$35,000

Property Type: Land Lot Size (sq. ft.): 12,084 Status: Active

Current Price: $35,000 List Date: 10/12/2026 Last Modified: 10/12/2026

Overview

Description

Looking for an opportunity to build in the fast-growing city of Eloy? Here it is! This property is currently zoned R-3, offering the potential to build a single-family home or a multi-unit residential property. Electricity, water, and sewer services are located less than 50 feet away. Whether you're looking to build your dream home or explore a residential investment opportunity, this property offers great potential! Check with the City of Eloy to verify zoning requirements, permitted uses, utility connections, and development options.

Listing Details MLS# 7092622

Location, Tax & Legal

House Number: 404
Compass: S
Street Name: PENN
St Suffix: Street
City/Town Code: Eloy
State/Province: AZ
Zip Code: 85131
Zip4: 2449
Country: US
County Code: Pinal
Assessor Number: 411-08-135-A
Subdivision: SUBURBAN TRACTS UNIT NO 2
Tax Year: 2025
Lot #: Yes
Assessor's Map #: 8
Legal Description (Abbrev): SUBURBAN TRACTS #2 ELOY PT LOTS 1 & 2 BLK 1 BEG NE CR LOT 1 S-100 TO TPOB S-50' W-144.60' N-150' E-4
Assessor's Parcel #: 135
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Eloy
Census Tract: 1900
Taxes: 124

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 0.28
Apx Total Acres G/N: G
Price Per Acre: 125000
# Lots in Listing: Yes
# Units Allowed: 3
Apx SqFt: 12084
Price Per SqFt: 2.9
Apx SqFt G/N: G
Lot Size Dimensions: 50X144
Horses: N
Zoning: R-3
Flood Zone: No
Elementary School District: Eloy Elementary District
High School District: Santa Cruz Valley Union High School District

Remarks Misc

Cross Street: S Sunshine Blvd & E Cedar St
Directions: South on Sunshine Blvd, right on E Cedar St, left on S Penn St to property on the right

Legal Info

Township: 08S
Range: 08E
Section: 07
Lot Number: Yes

Showing Notification Methods

Showing Service: Aligned Showings
No Notification Required to Show: Yes

More Information

Special Listing Cond

N/A: Yes

Pmt & Rate Info

Equity: 35000
Total Owed: 0

Assoc/Prop Info

HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0

Lockbox Type

None: Yes

Existing Land Use

Residential Lot: Yes

Zoned Presently

Multi-Family: Yes

Potential Use

Multi-Family: Yes

Parcel Size

.25 - .49 Acres: Yes

Development Status

Raw Land: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Available: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Existing Structures

None: Yes

Distance to Cable

Call Listing Office: Yes

New Financing

Cash: Yes

Distance to Phone

Under 350 Feet: Yes

Distance to Water

Under 350 Feet: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

Under 350 Feet: Yes

Distance to Gas

Under 350 Feet: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Distance to Sewer

Under 350 Feet: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Property Features

Special Listing Cond: N/A Existing Land Use: Residential Lot Zoned Presently: Multi-Family Potential Use: Multi-Family Parcel Size: .25 - .49 Acres Development Status: Raw Land Existing Structures: None Water Source: City Franchise Sewer: Sewer - Available Electric: APS Gas: SW Gas Distance to Cable: Call Listing Office Distance to Phone: Under 350 Feet Distance to Water: Under 350 Feet Distance to Electric: Under 350 Feet Distance to Gas: Under 350 Feet Distance to Sewer: Under 350 Feet Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Terms: Not Applicable New Financing: Cash Environmental: None Showing Notification Methods: No Notification Required to Show Lockbox Type: None Fencing: None

Listing Office: Realty ONE Group

Office Phone: 480-321-8100

Office Email: ron.copus@realtyonegroup.com

Last Updated: October - 12 - 2026