FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
Property • Land
Web ID # 6864241
$604,095.00
Beds • 0 Baths
Property Features
Arizona Regional Multiple Listing Service (ARMLS)
Seize a rare investment opportunity in Tempe's sought-after Farmer Arts District—a walkable, thriving neighborhood near Downtown Tempe, Mill Avenue, ASU, Tempe Town Lake, and the Light Rail. The 1,667 SF building, zoned R-3, received full entitlements from the City of Tempe in January 2025 for a proposed 4-plex residential apartment project, with approvals valid for one year. Originally constructed in 1960, the property offers a blend of vintage appeal and redevelopment flexibility. Surrounded by record-setting investment activity and continued urban growth, this location is ideal for office or mixed-use potential. A strategic chance to build, invest, or reposition in one of Tempe's most energized districts.
West to Farmer, North to property
Dwelling Type: Land
Subdivision: FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
Year Built: , County: US
West to Farmer, North to property
Virtual Tour
Listing is courtesy of LRA Real Estate Group, LLC
