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About the Listing laun001 - og026
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.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Vacant Land
MLS ®
6994729
Year Built
Total Square Footage
0
Lot/Acreage
0.2
County
Maricopa
Neighborhood
Farmers Addition Blocks 1-2 & Part 3 & Lots 1-5
School District
Tempe School District
Elementary School
Getz School
Middle School
Getz School
High School
Tempe High School
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $2,864
- Taxes w/Assessments: N/A
- Tax/Property ID: 124-70-013-C
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1201 S Farmer Ave Unit 1 Tempe, AZ 85281
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