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1201 S Farmer Ave
Tempe, AZ 85281
Land For Sale
·
0.20 AC
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.20 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Residential | ||
| Zoning | R3 - (20 DU/AC) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.20 AC |
| No. Stories | 1 |
| Zoning | R3 - (20 DU/AC) |
1 Lot Available
Lot
| Price | $539,424 CAD | Lot Size | 0.20 AC |
| Price Per AC | $2,683,874.39 CAD |
| Price | $539,424 CAD |
| Price Per AC | $2,683,874.39 CAD |
| Lot Size | 0.20 AC |
• 1/2 mi from ASU Main Campus • Located in the heart of Tempe • Medium-Density Residential Zoning • High-Barrier to Entry Submarket • Strong student housing residence base
Description
• 1/2 mi from ASU Main Campus • Located in the heart of Tempe • Medium-Density Residential Zoning • High-Barrier to Entry Submarket • Strong student housing residence base
Property Taxes
| Parcel Number | 124-70-013C | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $32,639 CAD |
Property Taxes
Parcel Number
124-70-013C
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$32,639 CAD
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