306 - 310 S Hardy Dr - Apartments FOR SALE


Tempe, AZ 85281- Downtown Tempe
$1,499,000 USD
314-651-0322
306 - 310 S Hardy Dr, Tempe, AZ for Sale
$1,499,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

306 - 310 S Hardy Dr
Tempe, AZ 85281
Downtown Tempe


HIGHLIGHTS

  • 1/2 mile from ASU Main Campus
  • Located in the Heart of Tempe
  • Medium-Density Residential Zoning
  • High-Barrier-to-Entry Submarket
  • Strong Student Housing Residence Base
  • Minutes from $1.8B South Pier Waterfront Development

OVERVIEW

LevRose Commercial Real Estate is pleased to present 306 & 310 S Hardy Dr, a ±0.61-acre (±26,697 SF) multifamily development opportunity in the heart of Tempe. The offering comprises two contiguous R-3-zoned parcels, one-half mile from ASU’s Main Campus and approximately one mile from the $1.8 billion South Pier development at Tempe Town Lake. A conceptual site plan by Tomecak Design supports 12 townhomes for student housing, capitalizing on ASU’s deep and persistently undersupplied off-campus housing demand. With medium-density zoning in place and ongoing redevelopment along the Hardy corridor, the site offers a rare opportunity to develop in one of the Valley’s most supply-constrained infill submarkets without entitlement risk.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

10

PRICE/UNIT

$149,900

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

R-3

APN/PARCEL ID

124-29-075K

ASK ABOUT THIS PROPERTY

Gunnar SinnettLevRose Real EstateMore Info
314-651-0322

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Gunnar SinnettLevRose Real EstateMore Info
314-651-0322

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