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… Read More 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, entertainment, transit, and the Mill Avenue District. Read Less
Courtesy of Compass 480-776-1555
Listing Snapshot
Days Online
0
Last Updated
Property Type
Land
Lot Size
0.2 Acres
MLS Number
6994729
30 Days Snapshot Of 85281
$444k
+1%
(avg) sold price
35
+169%
homes sold
86
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Other structures: "None"
Lot
0.2 acres, 8,755 sqft
Property
Zoning: R-3
Sewer
"Public Sewer"
Taxes
Annual amount: $2,865, Lot: 1
Utilities
"SRP"
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