$395,000
Tempe, AZ 85281
MLS# 6994729
1 / 6
Property Description
This offering represents a rare opportunity to acquire a prime infill development site located 1/2 mile from Arizona State University's Main Campus, positioned squarely in the heart of Tempe's most active residential corridor. With Medium-Density Residential zoning already in place, the property supports the development of four townhome units, the configuration most aligned with demand trends, buildability, and exit value in this submarket. The site is ideally situated within a high-barrier-to-entry area characterized by persistent land scarcity, escalating construction activity, and stable long-term growth. Its proximity to ASU ensures a strong, consistent student housing demand base, while also attracting young professionals seeking well-located urban housing near employment,
Details
Maps
Contract Information
Current Price: $395,000
List Price: $395,000
Status: Active
List Date: 2026-03-06
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
House Number: 1201
Compass: S
Street Name: Farmer
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 5505
County Code: Maricopa
Assessor Number: 124-70-013-C
Subdivision: FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
Tax Year: 2025
General Property Description
Apx Total Acres: 0.2
Apx Total Acres G/N: G
Price Per Acre: 1975000
Apx SqFt: 8755
Price Per SqFt: 45.12
Apx SqFt G/N: G
Lot Size Dimensions: 142.5 X 41
Horses: N
Zoning: R-3
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Elementary School: Getz School
Jr. High School: Getz School
High School: Tempe High School
Remarks Misc
Cross Street: Mill and 13th St
Directions: For best directions use maps
Geo Lat: 33.415979
Geo Lon: -111.943891
Legal Info
Township: 1N
Range: 4E
Section: 21
Lot Number: 1
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: .0 - .24 Acres
Current Density: 00 - 01 Units P/Acre
Proposed Density: 02 - 05 Units P/Acre
Vegetation: Natural Vegetation
Land Configuration: Square Rectangular
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: None
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: None
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; 1031 Exchange
Environmental: None
Showing Notification Methods: Text
Lockbox Type: None
Supplements
entertainment, transit, and the Mill Avenue District.
Listing Office: Compass
Last Updated: March - 06 - 2026
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