306 & 310 S Hardy Dr presents a multifamily development opportunity in the heart of Tempe, Arizona. The offering consists of two contiguous R-3 zoned parcels totaling approximately 0.61 acres, providing a rare opportunity to pursue medium-density residential development within one of the Phoenix area's most established urban infill locations. A conceptual site plan prepared by Tomecak Design supports the development of 12 townhomes, positioning the property to capitalize on ongoing demand for housing near Arizona State University. The property benefits from its location approximately one-half mile from ASU's Main Campus, one of the nation's largest public universities and a significant driver of housing demand. The site is also located approximately one mile from South Pier, a $1.8 billion mixed-use waterfront development at Tempe Town Lake that is planned to introduce new residential, retail, hospitality, office, and entertainment components over multiple phases. This continued investment supports the area's long-term growth and redevelopment momentum. Tempe's central Valley location further enhances the property's appeal, with convenient access to Phoenix Sky Harbor International Airport, multiple regional freeways, and Valley Metro light rail service. The combination of established zoning, proximity to major employment and educational centers, and ongoing investment throughout the surrounding area creates an attractive opportunity for developers seeking a residential project in a highly constrained infill market.