$385,000
Tempe, AZ 85281
MLS# 7016914
1 / 10
Property Description
Great Investment Opportunity- Development already currently approved by the City of Tempe in an ''Opportunity Zone''. Subdivided for the possibility of 3 Detached Properties & a Common Area. Parking Spaces Already Accounted for in the Common Area Parcel/Lot. .Close Proximity to ASU, Mill Ave. & Tempe Amenities. A great find and investment opportunity.
Details
Maps
Contract Information
Current Price: $385,000
List Price: $385,000
Status: Active
List Date: 2026-04-13
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
House Number: 1063
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2543
Country: US
County Code: Maricopa
Assessor Number: 124-36-190
Subdivision: TREBLE
Tax Year: 2025
General Property Description
Apx Total Acres: 0.14
Apx Total Acres G/N: G
Price Per Acre: 2750000
# Lots in Listing: 4
# Units Allowed: 4
Apx SqFt: 6112
Price Per SqFt: 62.99
Apx SqFt G/N: G
Lot Size Dimensions: 50.01 x 208.94
Horses: N
Zoning: R-3
Flood Zone: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Remarks Misc
Cross Street: Priest Dr & 5th st
Directions: On south side of 5th St. between Beck & Hardy. Just east of Scales Technology Academy Elementary School. Use the adjacent apartment entrance/road to access the property.
Geo Lat: 33.424835
Geo Lon: -111.954273
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 3
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Packaged Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: .0 - .24 Acres
Current Density: 02 - 05 Units P/Acre
Proposed Density: 02 - 05 Units P/Acre
Development Status: Raw Land; Subdivision Plat Apv; Plans Available; Plans Included; Flood Elevation Certificate; See Remarks
Land Features: East/West Exposure; Other; See Remarks
Land Configuration: Square Rectangular
Road Surface Type: Asphalt
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Available
Electric: APS
Gas: SW Gas
Distance to Cable: Under 350 Feet
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
New Financing: Cash; Conventional
Use Restrictions: Existing Easement
Environmental: None
Showing Notification Methods: Text; Email; Phone Call; No Notification Required to Show
Lockbox Type: See Private Remarks; None
Fencing: Block
Listing Office: Weichert, Realtors - Courtney Valleywide
Last Updated: April - 30 - 2026
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Broker Attribution:
480-705-9600