1201 S Farmer Ave - Residential LAND FOR SALE


Tempe, AZ 85281- Downtown Tempe8,756 SF
$604,095 USD
602-451-3684
1201 S Farmer Ave, Tempe, AZ for Sale
$604,095 USD
Residential LAND - FOR SALE
1/7
8,756 SF

1201 S Farmer Ave
Tempe, AZ 85281
Downtown Tempe


HIGHLIGHTS

  • Zoned R-3
  • Located in Tempe
  • Prime investment opportunity
  • Strong potential for multifamily development
  • Desirable location for renters

OVERVIEW

Seize a rare Urban Infill Opportunity in Tempe's sought-after Farmer Arts District—with immediate access to the Light rail and Tempe Streetcar it is a walkable, thriving neighborhood perfect for ASU Students. It's near the Mill Avenue/Apache Blvd Bend, Tempe Town Lake, and Arizona State University. This lot is ready to build and *fully entitled from the City of Tempe in January 2025 for a proposed 3-Story 4-plex residential apartment project. The plans allow for a 7,315 SF four-plex consisting of 4 THREE BEDROOM UNITS with 12 BEDROOMS TOTAL and COVERED PARKING BELOW.(Illustrations Attached) Located near the valley's most sought-after retail center, residents will enjoy close access to an extensive selection of top retailers. The neighborhood offers a blend of vintage appeal and redevelopment flexibility. Surrounded by record-setting investment activity and continued urban growth, this location is ideal for multi-family residential, office, or mixed-use potential. This is a strategic chance to build, or invest, in one of Tempe's most energized districts.

FOR SALE DETAILS

PRICE

$604,095 USD

PRICE/ACRE

$3,005,297/AC

PRICE/SF

$69 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

FARMER 2018 LLC

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units, Apartment Units - Condo

LAND ACRES

0.2 AC

LAND SF

8,756 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Streets, Curb/Gutter/Sidewalk

ZONING

R3

APN/PARCEL ID

124-70-013C

ASK ABOUT THIS PROPERTY

Don MortensenLRA Real Estate Group LLCMore Info
602-451-3684

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Don MortensenLRA Real Estate Group LLCMore Info
602-451-3684

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.