1409 E Apache Blvd
Tempe, AZ 85281
Apache & Cedar Tempe Opportunity Zone Land · Land For Sale · 1.30 AC

Apache & Cedar is a prime infill development opportunity in an amazing location in the heart of Tempe, next to Arizona State University and in an Opportunity Zone! The site is located along the light rail, across the street from the Dorsey light rail station, and directly next to where a future Tempe Streetcar stop will be located. It is also a short walk / bike ride to the Arizona State University campus located 2/3 of a mile away. The location is as central is it gets and allows residents to enjoy, with ease, so much of what Tempe has to offer with the ASU campus, Tempe Marketplace, the 101 Freeway, Tempe Beach Park, and the Mill Avenue corridor all just minutes away. Also a short distance from the property is Tempe Town Lake, where the 2 million square foot State Farm campus sits, as well as where many new projects are underway. This makes this area of Tempe not only popular due to its proximity to the university, but also one of the most desirable areas in all of Arizona to live and work. The Apache & Cedar development opportunity consists of 56,519 +/- square feet (1.3 +/- acres) of land. The property is zoned Commercial Shopping and Service (CSS), but is ideal for a Class A mixed-use development project, being in the nucleus of Tempe, being right on the light rail, and being right next to high-density apartments. This project offers a rare and phenomenal opportunity for someone to create a top-notch development in an A location. Tempe continues to be one of the most sought after submarkets for new multifamily residential and mixed-use development with its proximity to the largest university in the nation, its tremendous employment opportunities, and its convenient, centralized location in the heart of the metroplex. Significant employers in proximity to the property include Arizona State University, General Dynamics, U.S. Airways, Amazon, Microsoft, State Farm, and First Solar.