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- LoopNet Team
1201 S Farmer Ave
Tempe, AZ 85281
FARMER 2018 LLC · Land For Sale
·
0.20 AC
INVESTMENT HIGHLIGHTS
- Zoned R-3
- Prime investment opportunity
- Desirable location for renters
- Located in Tempe
- Strong potential for multifamily development
PROPERTY FACTS
DESCRIPTION
Located in Tempe’s dynamic Farmer Arts District, the property enjoys a prime position in a walkable, culturally rich neighborhood just blocks from Downtown Tempe, Mill Avenue, Arizona State University, Tempe Town Lake, and the Light Rail. This area has become a magnet for growth and investment, with surrounding real estate hitting record highs. The property received full entitlements in January 2025 from the City of Tempe for a proposed 4-plex residential apartment building—an approved project with entitlements valid for one year. With continued demand for multifamily and office assets in this high-visibility corridor, this location offers a rare opportunity for savvy investors to capitalize on Tempe’s thriving urban core.
