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Listed price in listed location currency (USD).
$395,000

000

MLS® 6994729

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes $2,865
Days Active 0
Lot Size 0.2 acres
Approx. Age 
MLS® Number 6994729

Property Address: 1-1201 S Farmer Ave, Tempe, AZ, 85281-5505

Average square foot calculated using Size range provided by listing agent.

Description

This offering represents a rare opportunity to acquire a prime infill development site located 1/2 mile from 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.
MLS® Number6994729
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 6, 2026List Date
$395,000List Price
  • Commute

Commute

Starting Address
Destination Address
1201 S Farmer Ave, Tempe, AZ

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