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1229 E Spence Ave - 1229-1231 East Spence Ave Tempe Arizona 0.29 Acres of Commercial Land Offered at $1,450,000 in Tempe, AZ 85281
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 | $1,450,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.29 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R-4 - High Density Multifamily | ||
| Price | $1,450,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.29 AC |
| Opportunity Zone |
Yes |
| Zoning | R-4 - High Density Multifamily |
1 Lot Available
Lot 5 & 6
| Price | $1,450,000 | Lot Size | 0.29 AC |
| Price Per AC | $5,004,918.63 |
| Price | $1,450,000 |
| Price Per AC | $5,004,918.63 |
| Lot Size | 0.29 AC |
R-4 High Density Multi Family walking distance to Arizona State University Campus. Prime location with two residential houses on property.
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $12,212 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$12,212
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1229 E Spence Ave - 1229-1231 East Spence Ave Tempe Arizona