$425,000
Tempe, AZ 85281
MLS# 7050834
1 / 1
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. 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.
Details
Maps
Contract Information
Current Price: $425,000
List Price: $425,000
Status: Active
List Date: 2026-07-07
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
House Number: 1015
Compass: S
Street Name: Farmer
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 6572
Country: US
County Code: Maricopa
Assessor Number: 124-70-001-A
Subdivision: FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
Tax Year: 225
General Property Description
Apx Total Acres: 0.16
Apx Total Acres G/N: N
Price Per Acre: 2656250
# Lots in Listing: 1
# Units Allowed: 3
Apx SqFt: 7125
Price Per SqFt: 59.65
Apx SqFt G/N: N
Lot Size Dimensions: 143' x 51'
Horses: N
Zoning: R-3
Flood Zone: No
Elementary School District: Tempe School District
High School District: Tempe Union High School District
Remarks Misc
Cross Street: Farmer Avenue & 10th Street
Geo Lat: 33.418183
Geo Lon: -111.943887
Legal Info
Lot Number: 5
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Residential Acreage
Zoned Presently: Multi-Family
Potential Use: Single Family; Multi-Family
Parcel Size: .0 - .24 Acres
Current Density: 16 - 20 Units P/Acre
Development Status: Raw Land
Land Features: Curb(s) & Gutter(s); Sidewalk(s)
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: Domestic Well
Sewer: Sewer - Public
Electric: SRP
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
New Financing: Cash; Conventional; Seller Approve Terms; Owner May Carry
Environmental: None
Lockbox Type: None
Listing Office: Levrose Real Estate
Last Updated: July - 07 - 2026
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