For Sale Lot / Land MLS# 7077345

1031 S Farmer Ave Lots 7 & -- 8

Tempe, AZ 85281

$995,000

About 1031 S Farmer Ave Lots 7 & -- 8

PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL

A rare opportunity to secure a prime redevelopment site in the heart of Tempe, just minutes from ASU. Located in one of the Valley's most sought-after multifamily submarkets, this offering includes two parcels, 124-70-002 and 124-70-003, with R-3 zoning allowing medium-density multifamily development.

Whether you're an investor or developer looking to capitalize on the area's strong student-housing demand and proximity to ASU, this site offers an opportunity to bring your vision to life. Purchase both parcels together or separately, providing flexibility to suit your development strategy. Opportunities of this scale and proximity to ASU are rare to find.

Property details

Property

Type
land
MLS type
Land/Property
Status
Active
Lot
0.16
Original price
$995,000
MLS #
7077345

Exterior & lot

Lot
R-3, 12470003

Schools

District
Tempe School District

Utilities

Utilities
Public Sewer, City Franchise
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$2,714
Tax year
2025
Parcel
12470003

Location

Subdivision
FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
County
Maricopa
Neighborhood
Wilson Art & Garden
Community
Maricopa, Arizona Regional Multiple Listing Service 2, Tempe Union High School District

Location

Neighborhood
Wilson Art & Garden
Subdivision
FARMERS ADDITION BLOCKS 1-2 PART 3 LOTS 1-5
School district
Tempe School District

Ask about this property

Questions on 1031 S Farmer Ave Lots 7 & -- 8, Tempe, AZ 85281, or want to see it in person?

Listed by Katherine R Ortmeier, eXp Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.