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1229 E Spence Ave - 1229-1231 East Spence Ave Tempe Arizona 0.29 Acres of Commercial Land Offered at $1,600,000 in Tempe, AZ 85281

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INVESTMENT HIGHLIGHTS

Rare opportunity to purchase a R-4 (High Density) zoned multi family land and two (2) homes with frontage on Spence Ave
Unmatched Demographics with over 350,000 within a five mile radius
Two Parcels include in sale are 133-09-045 and 133-09-055

Walk to Arizona State University
Infill location

EXECUTIVE SUMMARY

Rare opportunity to purchase a R-4 (High Density) zoned multi family land and homes with frontage on Spence Ave in the heart of ASU campus. Listing included two residential houses, next to each out, zoned for high density multifamily. Nestled in a robust infill Arizona State location, this property is a beacon for savvy investors seeking unparalleled opportunities. Walk to Campus. Unmatched demographics include over 350,000 population count within a five-mile radius. Parcel numbers 133-09-045 and 133-09-055 **Buyer to verify all facts, figures, schools & measurements**

PROPERTY FACTS

Price	$1,600,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized
No. Lots	1	Total Lot Size	0.29 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-4 - High Density Multifamily

Price	$1,600,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Apartment Units - Subsidized
Total Lot Size	0.29 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-4 - High Density Multifamily