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1015-1031 S Farmer ave
Tempe, AZ 85281
Farmer Ave Assemblage · Land For Sale
·
0.16 AC
Investment Highlights
- 1/4 mi from ASU Main Campus
- High-Barrier to Entry Submarket
- Seller Financing Available
- Medium-Density Residential Zoning
- Strong Student Housing Residence Base
Executive Summary
This offering represents a rare opportunity to acquire a prime infill development site located 1/2 mile from Arizona State University’s Main Campus, positioned squarely in the heart of Tempe’s most active residential corridor. The site is ideally situated within a high-barrier-to-entry area characterized by persistent land scarcity, escalating construction activity, and stable long-term growth. Its proximity to ASU ensures a strong, consistent student housing demand base, while also attracting young professionals seeking well-located urban housing near employment, entertainment, transit, and the Mill Avenue District.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 0.16 AC |
| Zoning | R-3 - R-3 (Tempe) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.16 AC |
| Zoning | R-3 - R-3 (Tempe) |
1 Lot Available
Lot
| Price | $425,000 | Lot Size | 0.16 AC |
| Price Per AC | $2,598,323.62 |
| Price | $425,000 |
| Price Per AC | $2,598,323.62 |
| Lot Size | 0.16 AC |
The site is ideally situated within a high-barrier-to-entry area characterized by persistent land scarcity, escalating construction activity, and stable long-term growth.
Description
• 1/4 mi from ASU Main Campus • Medium-Density Residential Zoning • High-Barrier to Entry Submarket • Strong Student Housing Residence Base • Seller Financing Available
Property Taxes
| Parcel Number | 124-70-001A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $18,155 |
Property Taxes
Parcel Number
124-70-001A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$18,155
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