Seize a rare Urban Infill Opportunity in Tempe's sought-after Farmer Arts District w/ easy access to the Light rail & Tempe Streetcar it is a walkable, thriving neighborhood perfect for ASU Students. Close to Mill Ave, Tempe Town Lake, & ASU. This lot is ready to build & *fully entitled by the City of Tempe in Jan 2025 for a proposed 3-Story 4-plex residential apartment project. The 7,315 SF four-plex consists of 4-Three Bedroom Units or 12 bedrooms Total (See documents tab). Located near valley's most sought-after retailers, Residents will enjoy close access to an extensive selection of top retailers. The neighborhood offers a blend of vintage appeal & redevelopment flexibility. Surrounded by record-setting investment activity & continued urban growth, this location is ideal.
Lot/land
$604,095
1201 S Farmer Ave LOT 1, Tempe, AZ 85281
--beds
--baths
8,755Square Feet
Land
Built in ----
8,755 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Vintage appealRedevelopment flexibility
- 92 days
- on Zillow |
- 167 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: May 12, 2025 at 03:44pm
Listed by:
Don T Mortensen 602-451-3684,
LRA Real Estate Group, LLC
Source: ARMLS,MLS#: 6864241

Travel times
Facts & features
Property
Lot
- Size: 8,755 Square Feet
Details
- Parcel number: 12470013C
- Zoning: M-H
Utilities & green energy
- Electric: SRP
- Sewer: Other
- Water: Other
Community & HOA
Community
- Subdivision: FARMERS ADDITION BLOCKS 1-2 & PART 3 & LOTS 1-5
HOA
- Has HOA: No
Location
- Region: Tempe
Financial & listing details
- Annual tax amount: $2,677
- Date on market: 5/9/2025
- Listing terms: Cash,CTL,Conventional
- Electric utility on property: Yes
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