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Land for sale in Tempe Arizona

7 photos
$3,250,000 1 acres
420 W 5TH Street, Tempe, AZ 85281 - Maricopa County

1 acres Tempe, AZ

MU-4 Mixed Use High density 50a(tm) max height allowance. Additional height may be granted based on project quality, City of Tempe may provide variance to exceed 50a(tm) height allowance. Utilities are on site with additional power added to accommodate a multi-story development.
$2,275,000 5 acres
8760 S rural/corner Road, Tempe, AZ 85284 - Maricopa County

5 acres Tempe, AZ

MUST READ BEFORE MAKING ANY OFFERS. LAST GREAT VACANT CORNER IN SOUTH TEMPE APPEARS TO HAVE MANY USES BUT SUBDIVISION CCRS ALLOW FOR ONLY 1 HOUSE PER ACRE. COMMERCIAL USE IS PROHIBITED PER CCRS. DONT CONFUSE ZONING WITH CCRS WHICH RUN WITH THE LAND. CITY WILL ALLOW MANY USES BUT NEIGHBORHOOD WILL NOT. SELLERS HAVE TRIED TO WORK WITH NEIGHBORHOOD BUT LAW SAYS 100 PERCENT OF SUBDIVISION OWNERS MUST AGREE TO SOMETHING OTHER THAN 1 HOME PER ACRE. 100 PERCENT IS NOT POSSIBLE. SELLERS HAVE LEGAL OPINION THAT MULTI-F IS ALLOWED UNDER CCRS BUT NEIGHBORHOOD DISAGREES AND LEGAL ISSUE REMAINS UNSOLVED. SELLERS WILL NOT CARRY ANY PORTION, WAIT FOR COURT RULING OR PROVIDE ANYTHING OTHER THAN 60 DAY CLOSE. ASSISTED LIVING FITS IN CURRENT AG ZONING BUT
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$1,500,000 0.58 acres
411 W 5th Street, Tempe, AZ 85281 - Maricopa County

0.58 acres Tempe, AZ

Downtown Tempe Farmer Avenue Arts District! 2 blocks to Mill Avenue. This may be about the last opportunity to own or develop property in downtown Tempe. Lot includes 2 single family homes and 25,125 square feet of walk to Mill or Tempe Town Lake property. Currently zoned R3 with ability to put 12 units. Bonus, this parcel is also located within the Transportation overlay District providing more relaxed restrictions, higher density, and the potential to rezone with a 50' height. Property owner has submitted an RFP to develop property. Once the shoveling begins, the property will be taken off the market. If you have interest - don't wait this opportunity is going away soon.