616 Cheryl Ln, Phoenix, OR 97535

Attention Developers & Investors! Rare opportunity to acquire highly desirable, buildable lots totaling 1 acre in a rapidly developing area of Phoenix. Zoned R-3 (High Density Residential), this property offers multiple development options—ideal for multi-family or townhome projects. Currently situated on the 0.59-acre portion is a 1,610 sq ft home featuring 3 bedrooms, 2 bathrooms, and a spacious living room with a fireplace—perfect as an income-producing rental while you finalize your building plans and permits. Don't miss this prime infill opportunity in a growing market!