1031 S Farmer Ave Lots 7 & 8

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.

Overview

Property Status

For Sale

Lot Size

7,125 Sq.Ft.

MLS ID

7077345

Property Type

Land

Features & Amenities

Neighborhood

Phoenix

Water Source

City Franchise

Sewer

Public Sewer

School District

Tempe Union High School District

Sales Price

$995,000

Real Estate Tax

$2,714/yr

Zoning

R-3

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for your interest in 1031 S Farmer Ave Lots 7 & 8, Tempe, AZ 85281

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