UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Farmers Addition Blocks 1-2 & Part 3 & Lots 1-5
MLS Listing ID 6994729
HOA Y/N No
Annual Tax Amount $2,864
Tax Year 2025
Lot Size 8,755 Sqft
Acres 0.2
Lot Dimensions 142.5 X 41
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Arizona State University's Main Campus, positioned squarely in the heart of Tempe's most active residential corridor. With Medium-Density Residential zoning already in place, the property supports the development of four townhome units, the configuration most aligned with demand trends, buildability, and exit value in this submarket. 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.
Location
State AZ
County Maricopa
Community Farmers Addition Blocks 1-2 & Part 3 & Lots 1-5
Area Maricopa
Zoning R-3
Direction For best directions use maps
Interior
Flooring Flooring
Exterior
Topography Level
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Getz School
Middle Schools Getz School
High Schools Tempe High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-70-013-C
Acceptable Financing Cash, 1031 Exchange, Conventional
Horse Property N
Disclosures None
Listing Terms Cash, 1031 Exchange, Conventional
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