1031 S Farmer Ave Lots 7 & -- Unit 8, Tempe, AZ 85281
- $995,000
- List Price
- $995,000
- Days on Market
- 2
- Status
- ACTIVE
- MLS#
- 7077345
- City
- Tempe
- Lot Size
- 7,125
- Subdivision
- Farmers Addition Blocks 1-2 Part 3 Lots 1-5
Property Description
PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL A rare opportunity to secure a prime redevelopment site in the heart of Tempe, just minutes from ASU. Located in one of the Valley's most sought-after multifamily submarkets, this offering includes two parcels, 124-70-002 and 124-70-003, with R-3 zoning allowing medium-density multifamily development. Whether you're an investor or developer looking to capitalize on the area's strong student-housing demand and proximity to ASU, this site offers an opportunity to bring your vision to life. Purchase both parcels together or separately, providing flexibility to suit your development strategy. Opportunities of this scale and proximity to ASU are rare to find.
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Additional Information
- Acres
- 0.16
- Electric
- APS
- Lot Size
- 7,125
- New Financing
- Cash, Conventional
- Subdivision
- Farmers Addition Blocks 1-2 Part 3 Lots 1-5
- Taxes
- $2,714
- Tax Year
- 2025
- Water
- City Franchise
- Zoning
- R-3
Courtesy of eXp Realty. 888-897-7821
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