$299,000
Tempe, AZ 85281
MLS# 6846759
1 / 11
Property Description
Awesome opportunity to build housing a mile from ASU! Easement from 5th St is in place. The other 3 APN's are 124-36-188, 124-36-189, and 124-36-191. All 4 lots total 0.24 AC. Whatever is built, the footprint of the buildings should not cover more than 5000sf, with max height - 30 feet. Please check with Lucas at City of Tempe Planning before writing offer. He tells us a pre-planning review can be done over the phone or in person. Prior escrow fell out because buyer wanted to do 8 units. Parents are selling this land after son moved out of state. (Continued in Supplement)
Details
Maps
Contract Information
Current Price: $299,000
List Price: $299,000
Status: Active
List Date: 2025-04-04
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
House Number: 1061
Compass: W
Street Name: 5TH
St Suffix: Street
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2543
County Code: Maricopa
Assessor Number: 124-36-190
Subdivision: TREBLE
Tax Year: 2024
General Property Description
Apx Total Acres: 0.24
Apx Total Acres G/N: G
Price Per Acre: 1245833.33
# Lots in Listing: 4
# Units Allowed: 4
Apx SqFt: 10447
Price Per SqFt: 28.62
Apx SqFt G/N: G
Lot Size Dimensions: 50.01 x 208.94
Horses: N
Zoning: R-3
Flood Zone: No
High School District: Tempe Union High School District
High School: Tempe High School
Remarks Misc
Cross Street: University Dr & Hardy St
Directions: On south side of 5th St between Beck and Hardy, just one mile west of ASU. East of Scales Technology Academy Elementary School. Use the adjacent condo entrance/easement access road.
Geo Lat: 33.424835
Geo Lon: -111.954359
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 3
Showing Notification Methods
Showing Service: No Showing Service Used
Contact Info
List Agent Home Phn: 6027227673
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
Supplements
Updated info Seller found out from Tempe City Planning FYI: (Please verify for yourself of course - not to be relied upon.) He said the property is now zoned R3 (3 dwellings) but could be changed to R4 (4 dwellings), with preliminary review and a rezoning application. On the Master Community Development plans they already have property as an R4, so it should be easy to change it to R4. Seller also learned that if garages were part of the footprint sq ft, it could lend itself to be 4 units rather than 3 units, because of the parking ratio. Hurry before someone else grabs this!
ALL FIGS/MEAS/INFO/SF/SCHOOLS APPROX. BUYER TO VERIFY ALL INFO OF IMPORTANCE TO THEM.
Listing Office: Kate Rose Realty
Last Updated: December - 04 - 2025
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Broker Attribution:
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